Towards a theory of aggregate output, income and economic inequalities determination in an Islamic economy

This paper builds a simple macroeconomic model for a closed Islamic economy. The model focuses on not only determination of aggregate output and income (as in conventional macroeconomics) but also the determination of inequality in the determination of aggregate disposable income between the poor (t...

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Main Author:	Tahir, Sayyid
Format:	Article
Language:	English
Published:	International Islamic University Malaysia 1989
Subjects:	HB Economic Theory
Online Access:	http://irep.iium.edu.my/34002/ http://irep.iium.edu.my/34002/ http://irep.iium.edu.my/34002/1/Sayyid_Tahir_Towards_a_Theory_JIE_1989.pdf

id	iium-34002
recordtype	eprints
spelling	iium-340022014-01-07T09:45:50Z http://irep.iium.edu.my/34002/ Towards a theory of aggregate output, income and economic inequalities determination in an Islamic economy Tahir, Sayyid HB Economic Theory This paper builds a simple macroeconomic model for a closed Islamic economy. The model focuses on not only determination of aggregate output and income (as in conventional macroeconomics) but also the determination of inequality in the determination of aggregate disposable income between the poor (the have-nots) and the rich (the haves). Policy multipliers are also calculated. On the economic policy side, the results establish that Islamization of an otherwise non-Islamic economy through the introduction of zakah, will lead to increase in aggregate output and income but the end result may be either way for the degree of income equality. International Islamic University Malaysia 1989 Article PeerReviewed application/pdf en http://irep.iium.edu.my/34002/1/Sayyid_Tahir_Towards_a_Theory_JIE_1989.pdf Tahir, Sayyid (1989) Towards a theory of aggregate output, income and economic inequalities determination in an Islamic economy. International Journal of Economics, Management and Accounting, 2 (2). pp. 95-108. ISSN 0128-006 http://www.iium.edu.my/enmjournal/index.php/enmj/article/view/14
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB Economic Theory
spellingShingle	HB Economic Theory Tahir, Sayyid Towards a theory of aggregate output, income and economic inequalities determination in an Islamic economy
description	This paper builds a simple macroeconomic model for a closed Islamic economy. The model focuses on not only determination of aggregate output and income (as in conventional macroeconomics) but also the determination of inequality in the determination of aggregate disposable income between the poor (the have-nots) and the rich (the haves). Policy multipliers are also calculated. On the economic policy side, the results establish that Islamization of an otherwise non-Islamic economy through the introduction of zakah, will lead to increase in aggregate output and income but the end result may be either way for the degree of income equality.
format	Article
author	Tahir, Sayyid
author_facet	Tahir, Sayyid
author_sort	Tahir, Sayyid
title	Towards a theory of aggregate output, income and economic inequalities determination in an Islamic economy
title_short	Towards a theory of aggregate output, income and economic inequalities determination in an Islamic economy
title_full	Towards a theory of aggregate output, income and economic inequalities determination in an Islamic economy
title_fullStr	Towards a theory of aggregate output, income and economic inequalities determination in an Islamic economy
title_full_unstemmed	Towards a theory of aggregate output, income and economic inequalities determination in an Islamic economy
title_sort	towards a theory of aggregate output, income and economic inequalities determination in an islamic economy
publisher	International Islamic University Malaysia
publishDate	1989
url	http://irep.iium.edu.my/34002/ http://irep.iium.edu.my/34002/ http://irep.iium.edu.my/34002/1/Sayyid_Tahir_Towards_a_Theory_JIE_1989.pdf
first_indexed	2023-09-18T20:49:05Z
last_indexed	2023-09-18T20:49:05Z
_version_	1777409873200283648

Towards a theory of aggregate output, income and economic inequalities determination in an Islamic economy

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