Assoc. Prof. Dr. Baharom Abdul Hamid
Qualification:Ph.D.in Economics, Universiti Putra Malaysia (UPM), Malaysia. (2012)
Fields/Area of Specialization:Applied Macroeconomics, with strong interest in Economics of Crime;Natural Disaster;Military Expenditure;
Prof. Baharom A. Hamid graduated with a PhD (Economics) from Universiti Putra Malaysia in 2012. He is an active researcher focusing on applied macro studies on non-niche economic areas and new horizons of research in applied economics, with strong interest in Economics of Crime, Natural Disaster and Military Expenditure. He is currently the Director for Research Management Centre (RMC).

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Showing results 1 to 20 of 114
  • bank_risk_financial_development_evidence_form_dual_banking_countries_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Abdul Hamid, Baharom; Naeem Azmi, Choudhari Wajahat; Ali, Mohsin (2020)

  • This study examines the impact of financial development on bank risk-taking, measured as bank capitalization and bank income diversification. We observe the relationship using annual bank-level data from countries with dual-banking systems. The dataset spans from 2000 to 2014. Our results suggest that the impact of financial development on bank capitalization is heterogeneous across Islamic and conventional commercial banks. Moreover, the effect is different across listed and unlisted banks. However, on average, the response of income diversification to financial development is similar across most specifications. Additionally, bank risk is found to be countercyclical, suggesting that ...

  • damage_assessment_Kelantan_flooding_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Padli, Jaharudin; Md. Shah, Kamarul; Musa, Haslina; Jasmi, Abu Talib; Ahmad, Jusuh; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2020)

  • This study will focus on assessing the total amount of damage and losses that has occurred during the 2014 flood disaster in Kelantan. The phenomenon of heavy rainfall during monsoon season is normal in Malaysia especially for the east coastal state areas between November to March every year. With the rainfall rate of 794mm which is 1.6 times higher than the average rainfall from the previous year, it has destroyed dwelling houses, animals, crops and also agricultural land. By using cross-sectional data analysis with Ordinary Least Square (OLS) method on 686 respondents in Kuala Krai, Kelantan, the results showed that early warning indicators such as Short Message Services (SMS) and o...

  • what_drives_financial_performance_general_takaful_companies_baharom_et_al.pdf.jpg
  • Journal Article


  • Authors: Kantakji, Mazhar Hallak; Abdul Hamid, Baharom; Alhabshi, Syed Othman (2020)

  • This study aims to identify the internal and external factors affecting the financial performance of general takaful companies operating in Saudi Arabia, Malaysia, UAE, Qatar and Pakistan, using an unbalanced panel data set consisting of 53 companies. Data were hand-collected from the official financial reports of takaful companies. Two performance measures, namely, net investment income and investment yield, are used to capture the different aspects of the takaful investment operations. Based on relevant theory and literature, these measures are related to three economic variables, namely, GDP per capita, equity returns and interest rate, and four company-specific variables, namely, ...

  • nexus_between_oil_price_islamic_stock_markets_Africa_wavelet_multivariate-GARCH_approach_baharom.pdf.jpg
  • Journal Article


  • Authors: M.Abdulkarim, Fatima; Akinlaso, Mustapha I.; Abdul Hamid, Baharom; Ali, Hamisu S. (2020)

  • The goal of this paper is to address the relationship between crude oil-price changes on some selected African Islamic indices, using daily data from May 4, 2011, to January 25, 2018. We employed three main techniques: MODWT, CWT, and multivariate-GARCH-DCC, to analyze whether these markets have any diversification opportunities. Our findings reveal that, first, the results of MODWT shows Egyptian Islamic index leading all indices. Second, CWT results show that investors would gain diversification benefits in almost all markets (except South Africa) and enjoy the benefit that comes with long-term investments. Third, we observed low correlations between the Egyptian and Tunisian Islami...

  • item.jpg
  • PhD


  • Authors: Islam, Muhammad Umar (2019)

  • Globally, the awareness about sustainability has increased due to the lingering environment, social and governance-related issues. In this perspective, the role of social media and consumer awareness are important since they influence the corporate sector to care for sustainable development. Banks, being very important to the economy, contribute to sustainability through their internal (through governance, data security, etc.) and external (through environment-friendly loans , financial inclusion, etc.) practices. These practices are collectively called as environment, society, and governance (ESG) sustainability. ESG practices by banks are important since they operate on public funds...

  • item.jpg
  • PhD


  • Authors: Hussin, Syaryanti (2019)

  • One of important non-financial information to be disclosed by IFIs is the information related to environment, social and governance (ESG) matters. Solid ESG practices result in lower risk and better operational performance of firm. The increasing cases of corporate collapse over non-financial issues during the last decades have highlighted the importance of ESG disclosure. IFIs have been seen left behind in term of providing their stakeholders with enough information to the stakeholders' attached surrounding from environmental aspect. In addition of that , the study examines SC characteristics from SC size, SC meeting and international member on the linkages between governance mechani...

  • item.jpg
  • PhD


  • Authors: Khan, Shabeer (2019)

  • Although literature on shadow economy has been growing, the examination is scarce in the case of developing countries, especially the Organization of Islamic Cooperation (OIC) economies. In this study, we develop various testable hypotheses related to shadow economy. We investigate the determinants of shadow economy across a large sample of 141 countries and examine whether it varies across OIC (42) and non-OIC (99) countries. The average size of the shadow economy in OIC countries is 34.36% of gross domestic product (GDP) while it is 30.57% of GDP in non-OlC economies. The approach of exploring various definitions, historical development, types, Islamic viewpoint and the determining ...

  • item.jpg
  • Book


  • Authors: Muhammad Abdulkarim, Fatima; Mirakhor, Abbas; Abdul Hamid, Baharom (2019)

  • Income inequality is a serious problem confronting not only the developed world but also developing countries. Recently, financialization has been one of the culprits identified in literature as one of the cause of income inequality. This book offers the only detailed presentation of the how financialization aided the spread of income inequality in Organization of Islamic Cooperation, OIC countries. Finance has taking a center stage in the affairs of most developing economies, surpassing the real sector of the economy. The result is the creation of an indebted society in which people are comfortable with financing their financial needs through credit. This creates a debt laden society...

  • does_competition_make_banks_riskier_nafis_baharom.pdf.jpg
  • Journal Article


  • Authors: Alam, Nafis; Abdul Hamid, Baharom; Dyi, Ting Tan (2019)

  • This paper investigates competition and risk-taking behaviour of Islamic banks taking a sample of 59 Islamic banks and 149 conventional banks from 10 highly developed Islamic banking countries between 2006 and 2016. The level of competitiveness between the two types of banks is determined using Lerner index and estimations show that Islamic banks have lower market power than conventional banks. After controlling all the bank and country-specific variables, the results show that competition and risk are positively related for the overall banking system and inversely related for Islamic banks which undoubtedly emphasize that inherent difference between risk-competition relationships amo...

  • mitigating_fatalities_damages_due_natural_disasters_baharom_et_al.pdf.jpg
  • Journal Article


  • Authors: Padli, Jaharudin; Habibullah, Muzafar Shah; Abdul Hamid, Baharom; Musa, Haslina (2019)

  • Studies have shown that natural disasters could pose a spectrum of challenges to human development, especially in developing countries. United Nations Development Programme (UNDP, 2004) estimates that low human development countries accounted for more than half of reported casualties due to natural disasters for the last two decades. The study also estimates that nearly 85 percent of the people exposed to natural disasters live in either medium or low human development countries. Other related studies have shown that corrupted officials in poor countries would increase the vulnerability of these countries to natural disasters. Thus, the purpose of the present study is to investigate t...

  • re-estimation_modelling_shadow_economy_Malaysia_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Din, Badariah H.; Abdul Hamid, Baharom (2019)

  • The purpose of this study is to re-estimates the size of shadow economy in Malaysia and investigates the role play by the financial sector development in mitigating the size of shadow economy. Our results suggest that individual income tax burden has an impact on shadow economy in Malaysia; indicating that lower personal tax rate discourages people from participating in the shadow economy in Malaysia. On the other hand, increase in national income and government consumption also reduce shadow economy; while increase in misery increases shadow economy in Malaysia. One policy implication from this study is that the Malaysian government should embark on programs that can reduce the size ...

  • does_securitization_government_staff_personal_loan_perform_baharom.pdf.jpg
  • Journal Article


  • Authors: Bakri, Mohammed Hariri; Dabas, Nurayati; Shafinar Ismail, Shafinar; Abdul Hamid, Baharom (2018)

  • Malaysian firms have been reported to involve in Asset-Backed Securities since 1986s where Cagamas is a pioneer. The objective of this study to determine the primary market spread and analyze on firm financial performance. The methodology for this paper using regression analysis for the study period 2007-2012. They are three determinants that contribute and statistically significant for this research paper. The measurement of financial performance does not have any impact during subprime mortgage crisis. The firm results shows increasing profitability, reducing debt, stronger company value and shareholders earning better dividend.

  • Tax_evasion_tax_burden_and_economic_development_in_Asean_5_baharom.pdf.jpg
  • Journal Article


  • Authors: Din, Badariah H.; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2018)

  • Tax evasion is a crime. Recent estimates registered the loss of tax revenue amounting to USD3.1 trillion or 5.1% of world's GDP. Tax revenue losses have negative consequences to the government ability to fuelled economic growth by providing enough public infrastructure and other services. In this study we have estimated the share of shadow economy to the official economy for five ASEAN economies, namely; Indonesia, Malaysia, the Philippines, Singapore and Thailand for the period 1980-2013 using the MIMIC model. The indexes of the shadow economy from the MIMIC model were then used to calculate the loss in tax revenue as a result of the presence of the shadow economy. We then test the h...

  • The_impact_of_human_development_on_natural_disaster_fatalities_and_damage_panel_data_evidence_baharom.pdf.jpg
  • Journal Article


  • Authors: Padli, Jaharudin; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2018)

  • Countries with high levels of human development should be able to reduce the impact of natural disasters in terms of the total numbers of people killed and affected, and damage. In this study we investigate the impact of human development indicators such as income per capita and human capital (education level) on natural disaster fatalities (total deaths, total affected and total economic losses) in 79 selected countries. Using dynamic panel data analysis, we found that the level of economic development plays an important role in mitigating the impact of natural disasters such as droughts, earthquakes, extreme temperatures, floods, storms, volcanoes, landslides and wildfires. Other fa...

  • item.jpg
  • PhD


  • Authors: Vaqar, Momin Ebaad (2018)

  • Infrastructure is the backbone of modem economies; an adequate and efficient public infrastructure is essential for nations to achieve their economic growth objectives. Although the need and role of infrastructure are well recognized, little attention has been paid to the risks and pitfalls of the current infrastructure financing structures. The enormous infrastructure deficit and the increasing instances of debt restructurings, infrastructure project failures and expensive government bailouts, present enough reason for a deeper thought and action towards making infrastructure financing more robust. Through the thesis, the researcher sheds light on the problems related to such forms o...

  • the_endowment_fund_source_sustainability_higher_education_Malaysia_Baharom.pdf.jpg
  • Research Monograph


  • Authors: Abdul Hamid, Baharom; Hassan, Wiaam; Sowell, Sarafuddin Abdul Syahid (2018)

  • Higher education plays an important role in the human capital development of a country. Investment in higher education generally rises every year, and sustaining the financing of public institutions involved in higher education is becoming economically burdensome upon the state.While the cost for sustaining higher education is rising, the allotment for it in the government budget is eroding. In light of this, governments around the world, including Malaysia, are exploring measures to financially maintain higher education institutions without shifting the burden of ever-increasing university fees onto students and their families.

  • the_less_developed_states_converging_richer_state_malaysia_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Din, Badariah H.; Sanusi, Nur Azura; Abdul Hamid, Baharom (2018)

  • The present paper addresses the question whether the less developed states, namely; Kedah, Kelantan, Pahang, Perlis, Sabah, Sarawak and Terengganu are converging with the richer state of Selangor, using unit root test and cointegration approach to test for income convergence for the period 1970-2013. We tested convergence on per capita real GDP for the states involved and the results suggest that the less developed states have been converging to the state of Selangor for the period under study. We also identify two convergence clubs among the states. In this respect, the state government has an important role to play in enhancing growth by continuously providing stable economic enviro...

  • determinant_securitization_spread_malaysia_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Bakri, Mohammed Hariri; Sufian, Fadzlan; Abdul Hamid, Baharom; Ismail, Shafinar (2018)

  • Malaysian firms have been reported to be involved in Asset-Backed Securities since 1986 when Cagamas Bhd was the pioneer in the field. This research aims to examine the factors influencing spread in Malaysia's securitization market. In order to provide a test of stability and a choice of model, the multicollinearity test was conducted by providing information on the degree of correlation between the explanotary variables used in the multivariate regression analysis. Ordinary Least Square method was used for baseline, and panel data analysis was applied during the study period (2004-2012) for a more robust check of the analysis. The data were obtained from 90 non-financial firms or ins...

  • Islamic finance the new normal_book cover.jpg.jpg
  • Book


  • Authors: Abdul Hamid, Baharom; Ibrahim, Mansor H.; Kamarudin, Sazalina (2017)

  • This publication highlights the vast untapped potentials of Islamic finance if unleashed could help meet the massive demand for long-term financing for infrastructure development, promote financial inclusion and spur economic development. Most importantly, the publication underscores the challenges facing Islamic finance in the midst of the era of the new normal - the uncertainties in global economic outlook, accelerated technological changes stimulating expansion of new financial instruments and products, and rising regulatory demands.

  • is_the_regime_of_risk_transfer_sustainable_abbas_adam_ginanjar_baharom.pdf.jpg
  • Journal Article


  • Authors: Mirakhor, Abbas; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Abdul Hamid, Baharom (2017)

  • In a risk transfer and shifting financial systems, an interest rate based debt contract is an "impossible contract," since, under the axioms of conventional economics, the borrower has an incentive not to repay the loan. Such impossible contract is made possible by creating a virtual world of certainty through mechanisms such as collateral requirements and an edifice of legal, administrative, policy incentive mechanisms that include positive and negative enforcements that protect the creditor. The society has to bear huge costs to make them possible. Risk sharing has the potential to enhance efficiency as each party to contracts has "skin-in-the-game", thus eliminating or minimizing t...

Assoc. Prof. Dr. Baharom Abdul Hamid
author picture
Qualification: Ph.D.in Economics, Universiti Putra Malaysia (UPM), Malaysia. (2012)
Fields/Area of Specialization: Applied Macroeconomics, with strong interest in Economics of Crime;Natural Disaster;Military Expenditure;
Prof. Baharom A. Hamid graduated with a PhD (Economics) from Universiti Putra Malaysia in 2012. He is an active researcher focusing on applied macro studies on non-niche economic areas and new horizons of research in applied economics, with strong interest in Economics of Crime, Natural Disaster and Military Expenditure. He is currently the Director for Research Management Centre (RMC).
Showing results 1 to 20 of 114
  • bank_risk_financial_development_evidence_form_dual_banking_countries_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Abdul Hamid, Baharom; Naeem Azmi, Choudhari Wajahat; Ali, Mohsin (2020)

  • This study examines the impact of financial development on bank risk-taking, measured as bank capitalization and bank income diversification. We observe the relationship using annual bank-level data from countries with dual-banking systems. The dataset spans from 2000 to 2014. Our results suggest that the impact of financial development on bank capitalization is heterogeneous across Islamic and conventional commercial banks. Moreover, the effect is different across listed and unlisted banks. However, on average, the response of income diversification to financial development is similar across most specifications. Additionally, bank risk is found to be countercyclical, suggesting that ...

  • damage_assessment_Kelantan_flooding_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Padli, Jaharudin; Md. Shah, Kamarul; Musa, Haslina; Jasmi, Abu Talib; Ahmad, Jusuh; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2020)

  • This study will focus on assessing the total amount of damage and losses that has occurred during the 2014 flood disaster in Kelantan. The phenomenon of heavy rainfall during monsoon season is normal in Malaysia especially for the east coastal state areas between November to March every year. With the rainfall rate of 794mm which is 1.6 times higher than the average rainfall from the previous year, it has destroyed dwelling houses, animals, crops and also agricultural land. By using cross-sectional data analysis with Ordinary Least Square (OLS) method on 686 respondents in Kuala Krai, Kelantan, the results showed that early warning indicators such as Short Message Services (SMS) and o...

  • what_drives_financial_performance_general_takaful_companies_baharom_et_al.pdf.jpg
  • Journal Article


  • Authors: Kantakji, Mazhar Hallak; Abdul Hamid, Baharom; Alhabshi, Syed Othman (2020)

  • This study aims to identify the internal and external factors affecting the financial performance of general takaful companies operating in Saudi Arabia, Malaysia, UAE, Qatar and Pakistan, using an unbalanced panel data set consisting of 53 companies. Data were hand-collected from the official financial reports of takaful companies. Two performance measures, namely, net investment income and investment yield, are used to capture the different aspects of the takaful investment operations. Based on relevant theory and literature, these measures are related to three economic variables, namely, GDP per capita, equity returns and interest rate, and four company-specific variables, namely, ...

  • nexus_between_oil_price_islamic_stock_markets_Africa_wavelet_multivariate-GARCH_approach_baharom.pdf.jpg
  • Journal Article


  • Authors: M.Abdulkarim, Fatima; Akinlaso, Mustapha I.; Abdul Hamid, Baharom; Ali, Hamisu S. (2020)

  • The goal of this paper is to address the relationship between crude oil-price changes on some selected African Islamic indices, using daily data from May 4, 2011, to January 25, 2018. We employed three main techniques: MODWT, CWT, and multivariate-GARCH-DCC, to analyze whether these markets have any diversification opportunities. Our findings reveal that, first, the results of MODWT shows Egyptian Islamic index leading all indices. Second, CWT results show that investors would gain diversification benefits in almost all markets (except South Africa) and enjoy the benefit that comes with long-term investments. Third, we observed low correlations between the Egyptian and Tunisian Islami...

  • item.jpg
  • PhD


  • Authors: Islam, Muhammad Umar (2019)

  • Globally, the awareness about sustainability has increased due to the lingering environment, social and governance-related issues. In this perspective, the role of social media and consumer awareness are important since they influence the corporate sector to care for sustainable development. Banks, being very important to the economy, contribute to sustainability through their internal (through governance, data security, etc.) and external (through environment-friendly loans , financial inclusion, etc.) practices. These practices are collectively called as environment, society, and governance (ESG) sustainability. ESG practices by banks are important since they operate on public funds...

  • item.jpg
  • PhD


  • Authors: Hussin, Syaryanti (2019)

  • One of important non-financial information to be disclosed by IFIs is the information related to environment, social and governance (ESG) matters. Solid ESG practices result in lower risk and better operational performance of firm. The increasing cases of corporate collapse over non-financial issues during the last decades have highlighted the importance of ESG disclosure. IFIs have been seen left behind in term of providing their stakeholders with enough information to the stakeholders' attached surrounding from environmental aspect. In addition of that , the study examines SC characteristics from SC size, SC meeting and international member on the linkages between governance mechani...

  • item.jpg
  • PhD


  • Authors: Khan, Shabeer (2019)

  • Although literature on shadow economy has been growing, the examination is scarce in the case of developing countries, especially the Organization of Islamic Cooperation (OIC) economies. In this study, we develop various testable hypotheses related to shadow economy. We investigate the determinants of shadow economy across a large sample of 141 countries and examine whether it varies across OIC (42) and non-OIC (99) countries. The average size of the shadow economy in OIC countries is 34.36% of gross domestic product (GDP) while it is 30.57% of GDP in non-OlC economies. The approach of exploring various definitions, historical development, types, Islamic viewpoint and the determining ...

  • item.jpg
  • Book


  • Authors: Muhammad Abdulkarim, Fatima; Mirakhor, Abbas; Abdul Hamid, Baharom (2019)

  • Income inequality is a serious problem confronting not only the developed world but also developing countries. Recently, financialization has been one of the culprits identified in literature as one of the cause of income inequality. This book offers the only detailed presentation of the how financialization aided the spread of income inequality in Organization of Islamic Cooperation, OIC countries. Finance has taking a center stage in the affairs of most developing economies, surpassing the real sector of the economy. The result is the creation of an indebted society in which people are comfortable with financing their financial needs through credit. This creates a debt laden society...

  • does_competition_make_banks_riskier_nafis_baharom.pdf.jpg
  • Journal Article


  • Authors: Alam, Nafis; Abdul Hamid, Baharom; Dyi, Ting Tan (2019)

  • This paper investigates competition and risk-taking behaviour of Islamic banks taking a sample of 59 Islamic banks and 149 conventional banks from 10 highly developed Islamic banking countries between 2006 and 2016. The level of competitiveness between the two types of banks is determined using Lerner index and estimations show that Islamic banks have lower market power than conventional banks. After controlling all the bank and country-specific variables, the results show that competition and risk are positively related for the overall banking system and inversely related for Islamic banks which undoubtedly emphasize that inherent difference between risk-competition relationships amo...

  • mitigating_fatalities_damages_due_natural_disasters_baharom_et_al.pdf.jpg
  • Journal Article


  • Authors: Padli, Jaharudin; Habibullah, Muzafar Shah; Abdul Hamid, Baharom; Musa, Haslina (2019)

  • Studies have shown that natural disasters could pose a spectrum of challenges to human development, especially in developing countries. United Nations Development Programme (UNDP, 2004) estimates that low human development countries accounted for more than half of reported casualties due to natural disasters for the last two decades. The study also estimates that nearly 85 percent of the people exposed to natural disasters live in either medium or low human development countries. Other related studies have shown that corrupted officials in poor countries would increase the vulnerability of these countries to natural disasters. Thus, the purpose of the present study is to investigate t...

  • re-estimation_modelling_shadow_economy_Malaysia_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Din, Badariah H.; Abdul Hamid, Baharom (2019)

  • The purpose of this study is to re-estimates the size of shadow economy in Malaysia and investigates the role play by the financial sector development in mitigating the size of shadow economy. Our results suggest that individual income tax burden has an impact on shadow economy in Malaysia; indicating that lower personal tax rate discourages people from participating in the shadow economy in Malaysia. On the other hand, increase in national income and government consumption also reduce shadow economy; while increase in misery increases shadow economy in Malaysia. One policy implication from this study is that the Malaysian government should embark on programs that can reduce the size ...

  • does_securitization_government_staff_personal_loan_perform_baharom.pdf.jpg
  • Journal Article


  • Authors: Bakri, Mohammed Hariri; Dabas, Nurayati; Shafinar Ismail, Shafinar; Abdul Hamid, Baharom (2018)

  • Malaysian firms have been reported to involve in Asset-Backed Securities since 1986s where Cagamas is a pioneer. The objective of this study to determine the primary market spread and analyze on firm financial performance. The methodology for this paper using regression analysis for the study period 2007-2012. They are three determinants that contribute and statistically significant for this research paper. The measurement of financial performance does not have any impact during subprime mortgage crisis. The firm results shows increasing profitability, reducing debt, stronger company value and shareholders earning better dividend.

  • Tax_evasion_tax_burden_and_economic_development_in_Asean_5_baharom.pdf.jpg
  • Journal Article


  • Authors: Din, Badariah H.; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2018)

  • Tax evasion is a crime. Recent estimates registered the loss of tax revenue amounting to USD3.1 trillion or 5.1% of world's GDP. Tax revenue losses have negative consequences to the government ability to fuelled economic growth by providing enough public infrastructure and other services. In this study we have estimated the share of shadow economy to the official economy for five ASEAN economies, namely; Indonesia, Malaysia, the Philippines, Singapore and Thailand for the period 1980-2013 using the MIMIC model. The indexes of the shadow economy from the MIMIC model were then used to calculate the loss in tax revenue as a result of the presence of the shadow economy. We then test the h...

  • The_impact_of_human_development_on_natural_disaster_fatalities_and_damage_panel_data_evidence_baharom.pdf.jpg
  • Journal Article


  • Authors: Padli, Jaharudin; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2018)

  • Countries with high levels of human development should be able to reduce the impact of natural disasters in terms of the total numbers of people killed and affected, and damage. In this study we investigate the impact of human development indicators such as income per capita and human capital (education level) on natural disaster fatalities (total deaths, total affected and total economic losses) in 79 selected countries. Using dynamic panel data analysis, we found that the level of economic development plays an important role in mitigating the impact of natural disasters such as droughts, earthquakes, extreme temperatures, floods, storms, volcanoes, landslides and wildfires. Other fa...

  • item.jpg
  • PhD


  • Authors: Vaqar, Momin Ebaad (2018)

  • Infrastructure is the backbone of modem economies; an adequate and efficient public infrastructure is essential for nations to achieve their economic growth objectives. Although the need and role of infrastructure are well recognized, little attention has been paid to the risks and pitfalls of the current infrastructure financing structures. The enormous infrastructure deficit and the increasing instances of debt restructurings, infrastructure project failures and expensive government bailouts, present enough reason for a deeper thought and action towards making infrastructure financing more robust. Through the thesis, the researcher sheds light on the problems related to such forms o...

  • the_endowment_fund_source_sustainability_higher_education_Malaysia_Baharom.pdf.jpg
  • Research Monograph


  • Authors: Abdul Hamid, Baharom; Hassan, Wiaam; Sowell, Sarafuddin Abdul Syahid (2018)

  • Higher education plays an important role in the human capital development of a country. Investment in higher education generally rises every year, and sustaining the financing of public institutions involved in higher education is becoming economically burdensome upon the state.While the cost for sustaining higher education is rising, the allotment for it in the government budget is eroding. In light of this, governments around the world, including Malaysia, are exploring measures to financially maintain higher education institutions without shifting the burden of ever-increasing university fees onto students and their families.

  • the_less_developed_states_converging_richer_state_malaysia_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Din, Badariah H.; Sanusi, Nur Azura; Abdul Hamid, Baharom (2018)

  • The present paper addresses the question whether the less developed states, namely; Kedah, Kelantan, Pahang, Perlis, Sabah, Sarawak and Terengganu are converging with the richer state of Selangor, using unit root test and cointegration approach to test for income convergence for the period 1970-2013. We tested convergence on per capita real GDP for the states involved and the results suggest that the less developed states have been converging to the state of Selangor for the period under study. We also identify two convergence clubs among the states. In this respect, the state government has an important role to play in enhancing growth by continuously providing stable economic enviro...

  • determinant_securitization_spread_malaysia_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Bakri, Mohammed Hariri; Sufian, Fadzlan; Abdul Hamid, Baharom; Ismail, Shafinar (2018)

  • Malaysian firms have been reported to be involved in Asset-Backed Securities since 1986 when Cagamas Bhd was the pioneer in the field. This research aims to examine the factors influencing spread in Malaysia's securitization market. In order to provide a test of stability and a choice of model, the multicollinearity test was conducted by providing information on the degree of correlation between the explanotary variables used in the multivariate regression analysis. Ordinary Least Square method was used for baseline, and panel data analysis was applied during the study period (2004-2012) for a more robust check of the analysis. The data were obtained from 90 non-financial firms or ins...

  • Islamic finance the new normal_book cover.jpg.jpg
  • Book


  • Authors: Abdul Hamid, Baharom; Ibrahim, Mansor H.; Kamarudin, Sazalina (2017)

  • This publication highlights the vast untapped potentials of Islamic finance if unleashed could help meet the massive demand for long-term financing for infrastructure development, promote financial inclusion and spur economic development. Most importantly, the publication underscores the challenges facing Islamic finance in the midst of the era of the new normal - the uncertainties in global economic outlook, accelerated technological changes stimulating expansion of new financial instruments and products, and rising regulatory demands.

  • is_the_regime_of_risk_transfer_sustainable_abbas_adam_ginanjar_baharom.pdf.jpg
  • Journal Article


  • Authors: Mirakhor, Abbas; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Abdul Hamid, Baharom (2017)

  • In a risk transfer and shifting financial systems, an interest rate based debt contract is an "impossible contract," since, under the axioms of conventional economics, the borrower has an incentive not to repay the loan. Such impossible contract is made possible by creating a virtual world of certainty through mechanisms such as collateral requirements and an edifice of legal, administrative, policy incentive mechanisms that include positive and negative enforcements that protect the creditor. The society has to bear huge costs to make them possible. Risk sharing has the potential to enhance efficiency as each party to contracts has "skin-in-the-game", thus eliminating or minimizing t...