Emeritus Prof. Datuk Dr. Mohamed Ariff Abdul Kareem
Qualification:Ph.D.in Economics, Lancaster University (1970); M.Ec., University of Malaya (1968); B.A. Hons. in Economics (Class 1), University of Malaya (1966);
Fields/Area of Specialization:Economics and Governance
Emeritus Prof. Datuk Dr. Mohamed Ariff obtained his B.A. in Economics First Class Honours and M.Ec. from the University of Malaya. He completed his Ph.D. programme (Economics) at the University of Lancaster, England, in 1970, as Commonwealth Scholar. Most of his works deals with international trade, foreign direct investments and regional economic integration. In addition, he has also made some pioneering contributions to the theoretical and empirical literature in the field of Islamic Economics.

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2373

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Top Country : Malaysia

Showing results 1 to 20 of 55
  • comment_on_protectionism_under Trump_ariff.pdf.jpg
  • Journal Article


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • The USA under Trump has departed from its long-cherished tradition of being a leading proponent of liberal trade policies to a new norm that seeks comfort in protection-ism. Noland (2020) provides a deep insight into the political economy that explains the sudden reversal of US trade policies since 2016. In addition to furnishing an excel-lent literature survey which sheds considerable light on the issues at hand, Noland delves into an econometric analysis of the voter preferences, in which the explanatory variables are economic, demographic and cultural factors, with interaction terms.

  • comment_economic_reforms_aftermath_regime_change_Malaysia_ariff.pdf.jpg
  • Journal Article


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • Lee (2020) provides a fairly crispy analysis of economic reforms underway in Malaysia subsequent to the dramatic regime change through the ballot box on May 9, 2018. As is often said, there is more to it than meets the eye. Economic reforms have long been overdue in Malaysia. There were no reforms even in the aftermath of the 1997-1998 Asian Financial Crisis. While many affected countries in the region, including South Korea, Thailand and Indonesia, undertook serious reforms with International Monetary Fund (IMF) guidance in the wake of currency meltdown and political upheaval, Malaysia remained in a denial mode, blaming currency speculators. Malaysia was able to desist IMF interventi...

  • item.jpg
  • Journal Article


  • Authors: Chowdhury, Mohammad Ashraful Ferdous; Abdul Kareem, Mohamed Ariff; Mohammed Masih, Abul Mansur; Ismail, Izlin (2020)

  • This study examines the impact of foreign aid on the institutional quality (IQ) of the OIC countries. Using the data of OIC countries for the three-year average period from 1991 to 2016, the system GMM finds that aid in general deteriorates the IQ for the aid recipient countries. However, quantile regression suggests that the negative impact of foreign aid on institutional quality (IQ) is relatively greater in the countries where the existing quality of institution is poor. The findings of the study suggest that improving the existing capacity is essential for reaping the optimum benefit of foreign aid on institutional development.

  • item.jpg
  • Chapter in Book


  • Authors: Mokhtar, Maznita; Abdul Kareem, Mohamed Ariff; Bacha, Obiyathulla Ismath (2020)

  • There is wide consensus that the ultimate objective of government policies is to improve the quality of people's lives. The reality, however, is that the impact of government policies tends to be measured rather in terms of GDP growth as proxy for progress. The debate about growth vs. development is not new as the distinction between these concepts was recognized since the 1970s. GDP growth has often been understood in terms of improvement in the quality of life. However, further research is indicating that inequality affects sustainable growth (Berg and Ostry 2011), which in turn reduces the ability to improve the quality of life. This is the case of many OECD nations where household...

  • Covid-19_saga_economic_impact_Ariff.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • The Covid-19 outbreak hit the fan in December 2019 in Wuhan, China. There is much controversy over the genesis of this new pandemic which is haunting the humanity the world over. Contradictory, if not competing, conspiracy theories have emerged, with China and the US blaming each other. Some have described Covid-19 as a Black Swan which took the world completely unawares, while others contend it was not unforeseen, as people like Bill Gates have been talking about an impending pandemic of Biblical proportions, for nearly five years.

  • The_rationale_adoption_Islamic_banking_muslim_minority_jurisdictions_Ariff.pdf.jpg
  • -


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • What differentiates Islamic banking from conventional banking is not simply the absence of interest payments. The fact that Islamic finance is interest-free does not mean that capital is costless. Unlike in the conventional system where the interest rate determines the cost of borrowed capital, which is pre-determined, the returns on funds provided by Islamic banks are not pre-determined as that would depend on the final outcomes. That said, one must hasten to add that there is much more to Islamic banking than the elimination of interest (riba) which is prohibited in Islam. Real sector connectivity and risk sharing principle represent the two important hallmarks of Islamic finance.

  • item.jpg
  • Journal Article


  • Authors: Saba, Irum; Abdul Kareem, Mohamed Ariff; Mohd Rasid, Mohamed Eskandar Shah (2020)

  • Shari'ah provides the basic tenets of the Islamic finance industry and advocates banks to share their profits and losses with investors. But what it means for a firm to be "Shari'ah-compliant" and what form of connections it can have, even in theory, to either the firm's value or profitability is still an untapped question. This study tries to answer this question. This study aims to find the impact of Shari'ah compliance on firm performance. The results obtained would be useful in helping investors, regulators, companies, government, academicians and practitioners in their decision-making process as to ensure better economic and business gains, both locally and globally. Panel data o...

  • item.jpg
  • PhD


  • Authors: Tengku Zainal Abidin, Tengku Roziana (2019)

  • The world is striving towards eradicating poverty via inclusive growth. Financial inclusion is seen as an important tool towards getting the unbanked, poor population into the financial system. Does greater financial inclusion create financial stability? Engaging the less financially capable people into the financial system is not a risk-free undertaking. Relaxation of rules and regulations which trigger sub-prime crisis in 2007-2008 has proven that more exposure to 'unfit' borrowers may lead to financial instability. Our study focuses on OIC countries for the impressive growth of lslamic finance during the past decade where 95% of the assets reside in the majority-Muslims countries y...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Abdul Kareem, Mohamed Ariff (2019)

  • Without a doubt, Islamic finance has increasingly became an integral part of the global financial system, with Islamic banking playing a lead role in this new trajectory in many parts of the world. Islamic banking assets, deposits and financing have been growing at double-digit pace annually. In recent times, Islamic banking has attracted much international attention, especially in the aftermath of the global financial crisis of 2007-2008 which showed that Islamic banks are generally more stable than their conventional peers, althought empirical evidence is admittedly mixed ...

  • item.jpg
  • Master


  • Authors: Guedira, Souhaila (2019)

  • This study is an initial attempt investigating the extent to which portfolio diversification benefits are available at different investment horizons to Turkish conventional and Shari'ah compliant investors in Southeast Asian conventional and Islamic stock markets. We apply multivariate-generalized autoregressive conditional heteroscedastic (MGARCH-DCC) and Wavelet techniques on daily data spanning from 2007 to 2018. The findings tend to suggest that Turkish investors would likely not invest in Singapore stock markets. At the same time, investing in stock indices of Indonesia and Thailand present moderate diversification benefits overall. The results highly recommend that Turkish conve...

  • item.jpg
  • PhD


  • Authors: Chowdhury, Mohammad Ashraful Ferdous (2019)

  • In spite of the expanding number of studies investigating the effect of institutional quality on capital flows, a very few attempts has been made to investigate the impact of capital flows on the institutional quality of host countries.This study investigates the role of capital flows on the institutional infrastructure of the OIC countries, which are divided into three separate essays. The first essay investigates the impact of the official development assistance (ODA) on the institutional development of the OIC counties. The research uses system GMM, and the data for this study is obtained from 40 OIC countries for the three-year average period from 1991 to 2016. Empirical findings ...

  • item.jpg
  • PhD


  • Authors: Gulzar Mohd, Rosana (2019)

  • Despite the increase in studies on Islamic banks, there is a number of issues. Firstly, the comparison is with commercial banks although in reality, Islamic banks have strayed from their theoretical foundations of mutuality and profit-sharing. A more apt comparison is thus with cooperative banks, which share similar theoretical foundations with Islamic banks. Secondly, this comparison may unlock the stability puzzle for Islamic banks. While theoretically they are argued to be stabilising, empirically, the evidence is mixed. Several works concur with the notion of superior stability in Islamic compared to conventional banks but of late, there are increasing findings to the contrary. Th...

  • efficiency_asset_quality_stability_banking_sector_Malaysia_ariff et al.pdf.jpg
  • Journal Article


  • Authors: Abdul Kareem, Mohamed Ariff; Shawtari, Fekri Ali (2019)

  • Malaysia practices a dual banking system, where conventional banks coexist with Islamic banks. While conventional banks are well established, Islamic banks are growing rapidly. Since Islamic banks consist of two types, namely stand-alone or wholesome Islamic banks and Islamic subsidiaries of conventional banks, it would be revealing to examine if Islamic subsidiaries of conventional banks differ from standalone Islamic banks in terms of efficiency, stability and assets quality. A few studies in the literature that examine the issue have focused on comparisons between Islamic banks and conventional banks, with no consideration given to the differentiation between the two categories of ...

  • Comment_on_US_trade_policy_in_the_Trump_administration_Ariff.pdf.jpg
  • Journal Article


  • Authors: Abdul Kareem, Mohamed Ariff (2018)

  • Noland (2018) has done a remarkable service, not only putting the subject matter in perspective, but also pin-pointing some of the risks and pitfalls, and what these mean for the USA and the rest of the world, notably Asia. For starters, the US policy changes will affect all its trading partners, even if these are purely domestic, given the size of the US economy and its extensive connectivity, what more if it involves trade policy. For one thing, it is most unfortunate that the policy changes are premised on flimsy grounds, and for another, it is also questionable that such policy responses represent solutions.

  • comment_on_Modinomics_design_implementation_outcomes_and_prospect_Ariff.pdf.jpg
  • Journal Article


  • Authors: Abdul Kareem, Mohamed Ariff (2018)

  • The term "Modinomics" embodies the essence of Indian Prime Minister Narendra Modi's economic policies. Jha (2018) explains how Modinomics is reshaping the Indian economy through a slew of economic reforms and a series of bold measures aimed at "participatory development." All this sounds like music to the ears. Jha (2018) paints an overtly rosy picture of the Indian economy under Modi's leadership and administration. The narration is quite informative and fairly persuasive. However, it reads more like an official document than a scholarly piece, which gives the impression that it is not unbiased.

  • deciphering_political_economy_Malaysia_Ariff.pdf.jpg
  • Newspaper Article


  • Authors: Abdul Kareem, Mohamed Ariff (2018)

  • What is really "new" about New Malaysia? The term "New Malaysia" connotes new thinking, new ideas and new solutions based on a new paradigm. New Malaysia warrants a new mindset, but some pronouncements by politicians, on both sides of the divide, show that they are still unable to delink themselves from the past.

  • item.jpg
  • Master


  • Authors: Yousafzai, Essa Omar (2018)

  • This paper aims to investigate whether Shari'ah stock index, exchange rates and macroeconomic forces in Japan have any long run relationship or not. If the relationship exists, does the Shari'ah stock index lead or lag? The paper is likely to be the first study that investigates the causal relationship of aforementioned variables and the Shari'ah Index in Japan. Current literature on the topic in different countries gives either contradictory or inclusive results. This study will try to fill two gaps, one relating to Japan, and another relating to Islamic Indices. It employed quarterly data from 2007 to 2017. Auto-Regressive Distributed lag (ARDL) time series technique is applied to c...

  • item.jpg
  • Master


  • Authors: Tayeb, Hamza Ait (2018)

  • This study aims to apply the Autoregressive Distributed Lag (ARDL) technique to analyze the macroeconomic impacts of oil prices on oil importing and oil exporting economis using Russia and Japan as evidence. Quarterly data from 1997 till 2017 of macroeconomic indicators like GDP growth, CPI, exchange rate, PPI, and oil prices were used in this study. Our results indicate that in an oil importing country like Japan, oil price increase has inflationary effects on the domestic economy as the average prices increase. Also, it was found that economic growth tends to decline in the wake of rising oil prices. The value of the currency is also shown to depreciate vis-a-vis the US Dollar as th...

  • what_retirement_Ariff.pdf.jpg
  • Chapter in Book


  • Authors: Abdul Kareem, Mohamed Ariff (2018)

  • Technically, I have "retired" twice and am still working fulltime before "retiring" again sometime in the future for the third time. It has always been a busy life for me since my graduation in 1966 when I received my Bachelor of Arts (First Class Honours) degree in Economics from the University of Malaya. My working life began as a research assistant after my final year examinations and then as a tutor in the newly established Faculty of Economics and Administration (FEA) at the University of Malaya while working at the same time on my Master's degree. After receiving my Master of Economics degree in 1968 from the University of Malaya, I was appointed as Assistant Lecturer at FEA. I ...

  • chapter 13_managing the Malaysian economy after GE 2008_Ariff.jpg.jpg
  • Chapter in Book


  • Authors: Lopez, Greg; Abdul Kareem, Mohamed Ariff (2018)

  • On 8 March 2008 (GE 2008) Malaysians unexpectedly delivered a stunning blow to Malaysia's long-standing ruling coalition, Barisan Nasional (BN), at the twelfth general election. Although it won the election, BN lost its psychologically important two-thirds majority in parliament which allows it to change the Federal Constitution at will. The blow was all the more devastating as the Anwar Ibrahim-led informal coalition of Parti Keadilan Rakyat (PKR/People's Iustice Party), Democratic Action Party (DAP) and Parti Se-Islam Malaysia (PAS/Pan Islamic Party of Malaysia) managed to form state governments in almost all states in the developed western parts of Peninsular Malaysia with citizens...

Emeritus Prof. Datuk Dr. Mohamed Ariff Abdul Kareem
author picture
Qualification: Ph.D.in Economics, Lancaster University (1970); M.Ec., University of Malaya (1968); B.A. Hons. in Economics (Class 1), University of Malaya (1966);
Fields/Area of Specialization: Economics and Governance
Emeritus Prof. Datuk Dr. Mohamed Ariff obtained his B.A. in Economics First Class Honours and M.Ec. from the University of Malaya. He completed his Ph.D. programme (Economics) at the University of Lancaster, England, in 1970, as Commonwealth Scholar. Most of his works deals with international trade, foreign direct investments and regional economic integration. In addition, he has also made some pioneering contributions to the theoretical and empirical literature in the field of Islamic Economics.
Showing results 1 to 20 of 55
  • comment_on_protectionism_under Trump_ariff.pdf.jpg
  • Journal Article


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • The USA under Trump has departed from its long-cherished tradition of being a leading proponent of liberal trade policies to a new norm that seeks comfort in protection-ism. Noland (2020) provides a deep insight into the political economy that explains the sudden reversal of US trade policies since 2016. In addition to furnishing an excel-lent literature survey which sheds considerable light on the issues at hand, Noland delves into an econometric analysis of the voter preferences, in which the explanatory variables are economic, demographic and cultural factors, with interaction terms.

  • comment_economic_reforms_aftermath_regime_change_Malaysia_ariff.pdf.jpg
  • Journal Article


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • Lee (2020) provides a fairly crispy analysis of economic reforms underway in Malaysia subsequent to the dramatic regime change through the ballot box on May 9, 2018. As is often said, there is more to it than meets the eye. Economic reforms have long been overdue in Malaysia. There were no reforms even in the aftermath of the 1997-1998 Asian Financial Crisis. While many affected countries in the region, including South Korea, Thailand and Indonesia, undertook serious reforms with International Monetary Fund (IMF) guidance in the wake of currency meltdown and political upheaval, Malaysia remained in a denial mode, blaming currency speculators. Malaysia was able to desist IMF interventi...

  • item.jpg
  • Journal Article


  • Authors: Chowdhury, Mohammad Ashraful Ferdous; Abdul Kareem, Mohamed Ariff; Mohammed Masih, Abul Mansur; Ismail, Izlin (2020)

  • This study examines the impact of foreign aid on the institutional quality (IQ) of the OIC countries. Using the data of OIC countries for the three-year average period from 1991 to 2016, the system GMM finds that aid in general deteriorates the IQ for the aid recipient countries. However, quantile regression suggests that the negative impact of foreign aid on institutional quality (IQ) is relatively greater in the countries where the existing quality of institution is poor. The findings of the study suggest that improving the existing capacity is essential for reaping the optimum benefit of foreign aid on institutional development.

  • item.jpg
  • Chapter in Book


  • Authors: Mokhtar, Maznita; Abdul Kareem, Mohamed Ariff; Bacha, Obiyathulla Ismath (2020)

  • There is wide consensus that the ultimate objective of government policies is to improve the quality of people's lives. The reality, however, is that the impact of government policies tends to be measured rather in terms of GDP growth as proxy for progress. The debate about growth vs. development is not new as the distinction between these concepts was recognized since the 1970s. GDP growth has often been understood in terms of improvement in the quality of life. However, further research is indicating that inequality affects sustainable growth (Berg and Ostry 2011), which in turn reduces the ability to improve the quality of life. This is the case of many OECD nations where household...

  • Covid-19_saga_economic_impact_Ariff.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • The Covid-19 outbreak hit the fan in December 2019 in Wuhan, China. There is much controversy over the genesis of this new pandemic which is haunting the humanity the world over. Contradictory, if not competing, conspiracy theories have emerged, with China and the US blaming each other. Some have described Covid-19 as a Black Swan which took the world completely unawares, while others contend it was not unforeseen, as people like Bill Gates have been talking about an impending pandemic of Biblical proportions, for nearly five years.

  • The_rationale_adoption_Islamic_banking_muslim_minority_jurisdictions_Ariff.pdf.jpg
  • -


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • What differentiates Islamic banking from conventional banking is not simply the absence of interest payments. The fact that Islamic finance is interest-free does not mean that capital is costless. Unlike in the conventional system where the interest rate determines the cost of borrowed capital, which is pre-determined, the returns on funds provided by Islamic banks are not pre-determined as that would depend on the final outcomes. That said, one must hasten to add that there is much more to Islamic banking than the elimination of interest (riba) which is prohibited in Islam. Real sector connectivity and risk sharing principle represent the two important hallmarks of Islamic finance.

  • item.jpg
  • Journal Article


  • Authors: Saba, Irum; Abdul Kareem, Mohamed Ariff; Mohd Rasid, Mohamed Eskandar Shah (2020)

  • Shari'ah provides the basic tenets of the Islamic finance industry and advocates banks to share their profits and losses with investors. But what it means for a firm to be "Shari'ah-compliant" and what form of connections it can have, even in theory, to either the firm's value or profitability is still an untapped question. This study tries to answer this question. This study aims to find the impact of Shari'ah compliance on firm performance. The results obtained would be useful in helping investors, regulators, companies, government, academicians and practitioners in their decision-making process as to ensure better economic and business gains, both locally and globally. Panel data o...

  • item.jpg
  • PhD


  • Authors: Tengku Zainal Abidin, Tengku Roziana (2019)

  • The world is striving towards eradicating poverty via inclusive growth. Financial inclusion is seen as an important tool towards getting the unbanked, poor population into the financial system. Does greater financial inclusion create financial stability? Engaging the less financially capable people into the financial system is not a risk-free undertaking. Relaxation of rules and regulations which trigger sub-prime crisis in 2007-2008 has proven that more exposure to 'unfit' borrowers may lead to financial instability. Our study focuses on OIC countries for the impressive growth of lslamic finance during the past decade where 95% of the assets reside in the majority-Muslims countries y...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Abdul Kareem, Mohamed Ariff (2019)

  • Without a doubt, Islamic finance has increasingly became an integral part of the global financial system, with Islamic banking playing a lead role in this new trajectory in many parts of the world. Islamic banking assets, deposits and financing have been growing at double-digit pace annually. In recent times, Islamic banking has attracted much international attention, especially in the aftermath of the global financial crisis of 2007-2008 which showed that Islamic banks are generally more stable than their conventional peers, althought empirical evidence is admittedly mixed ...

  • item.jpg
  • Master


  • Authors: Guedira, Souhaila (2019)

  • This study is an initial attempt investigating the extent to which portfolio diversification benefits are available at different investment horizons to Turkish conventional and Shari'ah compliant investors in Southeast Asian conventional and Islamic stock markets. We apply multivariate-generalized autoregressive conditional heteroscedastic (MGARCH-DCC) and Wavelet techniques on daily data spanning from 2007 to 2018. The findings tend to suggest that Turkish investors would likely not invest in Singapore stock markets. At the same time, investing in stock indices of Indonesia and Thailand present moderate diversification benefits overall. The results highly recommend that Turkish conve...

  • item.jpg
  • PhD


  • Authors: Chowdhury, Mohammad Ashraful Ferdous (2019)

  • In spite of the expanding number of studies investigating the effect of institutional quality on capital flows, a very few attempts has been made to investigate the impact of capital flows on the institutional quality of host countries.This study investigates the role of capital flows on the institutional infrastructure of the OIC countries, which are divided into three separate essays. The first essay investigates the impact of the official development assistance (ODA) on the institutional development of the OIC counties. The research uses system GMM, and the data for this study is obtained from 40 OIC countries for the three-year average period from 1991 to 2016. Empirical findings ...

  • item.jpg
  • PhD


  • Authors: Gulzar Mohd, Rosana (2019)

  • Despite the increase in studies on Islamic banks, there is a number of issues. Firstly, the comparison is with commercial banks although in reality, Islamic banks have strayed from their theoretical foundations of mutuality and profit-sharing. A more apt comparison is thus with cooperative banks, which share similar theoretical foundations with Islamic banks. Secondly, this comparison may unlock the stability puzzle for Islamic banks. While theoretically they are argued to be stabilising, empirically, the evidence is mixed. Several works concur with the notion of superior stability in Islamic compared to conventional banks but of late, there are increasing findings to the contrary. Th...

  • efficiency_asset_quality_stability_banking_sector_Malaysia_ariff et al.pdf.jpg
  • Journal Article


  • Authors: Abdul Kareem, Mohamed Ariff; Shawtari, Fekri Ali (2019)

  • Malaysia practices a dual banking system, where conventional banks coexist with Islamic banks. While conventional banks are well established, Islamic banks are growing rapidly. Since Islamic banks consist of two types, namely stand-alone or wholesome Islamic banks and Islamic subsidiaries of conventional banks, it would be revealing to examine if Islamic subsidiaries of conventional banks differ from standalone Islamic banks in terms of efficiency, stability and assets quality. A few studies in the literature that examine the issue have focused on comparisons between Islamic banks and conventional banks, with no consideration given to the differentiation between the two categories of ...

  • Comment_on_US_trade_policy_in_the_Trump_administration_Ariff.pdf.jpg
  • Journal Article


  • Authors: Abdul Kareem, Mohamed Ariff (2018)

  • Noland (2018) has done a remarkable service, not only putting the subject matter in perspective, but also pin-pointing some of the risks and pitfalls, and what these mean for the USA and the rest of the world, notably Asia. For starters, the US policy changes will affect all its trading partners, even if these are purely domestic, given the size of the US economy and its extensive connectivity, what more if it involves trade policy. For one thing, it is most unfortunate that the policy changes are premised on flimsy grounds, and for another, it is also questionable that such policy responses represent solutions.

  • comment_on_Modinomics_design_implementation_outcomes_and_prospect_Ariff.pdf.jpg
  • Journal Article


  • Authors: Abdul Kareem, Mohamed Ariff (2018)

  • The term "Modinomics" embodies the essence of Indian Prime Minister Narendra Modi's economic policies. Jha (2018) explains how Modinomics is reshaping the Indian economy through a slew of economic reforms and a series of bold measures aimed at "participatory development." All this sounds like music to the ears. Jha (2018) paints an overtly rosy picture of the Indian economy under Modi's leadership and administration. The narration is quite informative and fairly persuasive. However, it reads more like an official document than a scholarly piece, which gives the impression that it is not unbiased.

  • deciphering_political_economy_Malaysia_Ariff.pdf.jpg
  • Newspaper Article


  • Authors: Abdul Kareem, Mohamed Ariff (2018)

  • What is really "new" about New Malaysia? The term "New Malaysia" connotes new thinking, new ideas and new solutions based on a new paradigm. New Malaysia warrants a new mindset, but some pronouncements by politicians, on both sides of the divide, show that they are still unable to delink themselves from the past.

  • item.jpg
  • Master


  • Authors: Yousafzai, Essa Omar (2018)

  • This paper aims to investigate whether Shari'ah stock index, exchange rates and macroeconomic forces in Japan have any long run relationship or not. If the relationship exists, does the Shari'ah stock index lead or lag? The paper is likely to be the first study that investigates the causal relationship of aforementioned variables and the Shari'ah Index in Japan. Current literature on the topic in different countries gives either contradictory or inclusive results. This study will try to fill two gaps, one relating to Japan, and another relating to Islamic Indices. It employed quarterly data from 2007 to 2017. Auto-Regressive Distributed lag (ARDL) time series technique is applied to c...

  • item.jpg
  • Master


  • Authors: Tayeb, Hamza Ait (2018)

  • This study aims to apply the Autoregressive Distributed Lag (ARDL) technique to analyze the macroeconomic impacts of oil prices on oil importing and oil exporting economis using Russia and Japan as evidence. Quarterly data from 1997 till 2017 of macroeconomic indicators like GDP growth, CPI, exchange rate, PPI, and oil prices were used in this study. Our results indicate that in an oil importing country like Japan, oil price increase has inflationary effects on the domestic economy as the average prices increase. Also, it was found that economic growth tends to decline in the wake of rising oil prices. The value of the currency is also shown to depreciate vis-a-vis the US Dollar as th...

  • what_retirement_Ariff.pdf.jpg
  • Chapter in Book


  • Authors: Abdul Kareem, Mohamed Ariff (2018)

  • Technically, I have "retired" twice and am still working fulltime before "retiring" again sometime in the future for the third time. It has always been a busy life for me since my graduation in 1966 when I received my Bachelor of Arts (First Class Honours) degree in Economics from the University of Malaya. My working life began as a research assistant after my final year examinations and then as a tutor in the newly established Faculty of Economics and Administration (FEA) at the University of Malaya while working at the same time on my Master's degree. After receiving my Master of Economics degree in 1968 from the University of Malaya, I was appointed as Assistant Lecturer at FEA. I ...

  • chapter 13_managing the Malaysian economy after GE 2008_Ariff.jpg.jpg
  • Chapter in Book


  • Authors: Lopez, Greg; Abdul Kareem, Mohamed Ariff (2018)

  • On 8 March 2008 (GE 2008) Malaysians unexpectedly delivered a stunning blow to Malaysia's long-standing ruling coalition, Barisan Nasional (BN), at the twelfth general election. Although it won the election, BN lost its psychologically important two-thirds majority in parliament which allows it to change the Federal Constitution at will. The blow was all the more devastating as the Anwar Ibrahim-led informal coalition of Parti Keadilan Rakyat (PKR/People's Iustice Party), Democratic Action Party (DAP) and Parti Se-Islam Malaysia (PAS/Pan Islamic Party of Malaysia) managed to form state governments in almost all states in the developed western parts of Peninsular Malaysia with citizens...