Browsing by Author Habibullah, Muzafar Shah

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Showing results 13 to 32 of 61
  • defense_spending_economic_growth_nexus_selected_OIC_countries_long-run_causality_analysis_baharom.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Mohd Tahir, Hirnissa; Abdul Hamid, Baharom (2013)

  • This paper investigates the long run Granger causality between defense spending and economic growth for 20 selected Organization of Islamic Countries (OIC) by employing the Error-Correction Model (ECM) framework using annual data for the period 1960 to 2005. defense spending (milex) is measured using the ratio of defense spending to gross domestic product (GDP); while economic growth (rgdpc) is proxy by the real GDP per capita. The results of our study indicated that one way long run Granger causality was found running from economic growth to defense spending for Burkina Faso, Indonesia, Kuwait, Saudi Arabia, Sudan, Togo and Turkey. On the other hand, one way long run Granger causalit...

  • item.jpg
  • Academic Proceeding


  • Authors: Habibullah, Muzafar Shah; Mohd Tahir, Hirnissa; Abdul Hamid, Baharom (2011)

  • This paper investigates the long run Granger causality between defense spending and economic growth for 20 selected Organization of Islamic Countries (OIC) by employing the Error-Correction Model (ECM) framework using annual data for the period 1960 to 2005. defense spending (milex) is measured using the ratio of defense spending to gross domestic product (GDP); while economic growth (rgdpc) is proxy by the real GDP per capita. The results of our study indicated that one way long run Granger causality was found running from economic growth to defense spending for Burkina Faso, Indonesia, Kuwait, Saudi Arabia, Sudan, Togo and Turkey. On the other hand, one way long run Granger causalit...

  • item.jpg
  • Academic Proceeding


  • Authors: Makmur, Muhd Iqbal; Abdul Hamid, Baharom; Habibullah, Muzafar Shah (2014)

  • The paper "Demographic transition and economic growth nexus: the case of Malaysia" presented at 6th International Borneo Business Conference (IBBC) 2014, Kuching, Sarawak, Malaysia.

  • determinants_flood_fatalities_baharom.pdf.jpg
  • Journal Article


  • Authors: Padli, Jaharudin; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2013)

  • There is available evidence from different parts of the world that floods and storm account for about 67 percent of the natural disasters. While, earthquake, landslides, drought, extreme temperature, wildfire and volcano eruptions contribute to the remaining 23 percent. In many developing countries, the frequent occurrences of natural disasters, particularly floods are not uncommon. Yearly recurrence of floods bring devastate economies. The objective of the present study is to investigate factors that can mitigate the impact of floods on human fatalities and damages. We use a panel of 79 countries for the period of 1981-2005 and employ the two-step system GMM estimator to show...

  • does_shadow_economy_matter_tourism_International_evidence_baharom.pdf.jpg
  • Journal Article


  • Authors: Din, Badariah H.; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2015)

  • Tourism is an important sector that contributes to government revenues, national income, foreign exchange earnings as well as provides job and business opportunities for many nations. In 2013, international tourist arrivals reached a record 1.1 billion worldwide, with USD1.2 billion in international tourism receipts. At the same time, the shadow economy in the tourism sector also flourished. In the European countries, Schneider reported that 20% to 25% of the shadow economy is represented by tourism-related industries, wholesale and retail, automotive and motorcycle sales and maintenance; transportation, storage and communications; and hotels and restaurants. Services given by these o...

  • dynamic_analysis_output_energy_consumption_co2_emissions_Malaysia_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Habibullah, Muzafar Shah (2016)

  • Present paper analyzes the interrelations between output, energy consumption, and carbon emissions in light of Malaysia's development experience from a commodity-based economy to an industrial-based economy by means of a vector autoregression (VAR) framework. The results suggest substantial interactions among the three variables. Moreover, manufacturing output tends to exert persistent influences on carbon emissions, energy consumption, and non-manufacturing output. Meanwhile, the significant causal relations from non-manufacturing output to energy variables are found for first few years. These results are robust to the inclusion of additional variables, namely, trade openness, invest...

  • dynamic_heterogeneous_panel_estimation_impact_income_inflation_happiness_stock_returns_baharom.pdf.jpg
  • Journal Article


  • Authors: Abdul Hamid, Baharom; Habibullah, Muzafar Shah; Rasiah, Ratneswary (2016-03)

  • This study examines the long-run relationships and short-run dynamic interactions between stock returns and its determinants comprising of GDP per capita, inflation and happiness, over the period 1973 to 2012. The study applies the dynamic heterogenous panel estimation techniques of Mean Group (MG), Pooled Mean Group (PMG) and Dynamic Fixed Effects (DFE) to analyse a set of macro panel data on selected OECD countries to establish the possible causal relations between these variables. The theoretical framework of this study is based on the stock returns theories of Present Value Model/Discounted Cash Flows and “Risk-as-feelings” Theory. The results of this study show evidence that inco...

  • economic_impact_natural_disasters_fatalities_baharom.pdf.jpg
  • Journal Article


  • Authors: Padli, Jaharudin; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2010)

  • The purpose of this paper is to find the meaningful relationship between the economic impact of the natural disaster and economic condition. The paper employed cross‐sectional analysis to investigate the relationship between economic condition namely, gross domestic product per capita (GDPpc); gross domestic product per capita squared (GDPpc2); government consumption ratio to GDP (gc); ratio of M2 over GDP(M2); years of schooling attainment (sc); land area and finally; population and the economic impact of natural disasters, whereby ten types of natural disasters were chosen. The degree to which the human and economic losses due to these ten natural disasters were measured by, the var...

  • finance_other_services_sectors_peninsular_malaysia_sabah_sarawak_testing_stochastic_convergence_baharom.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Mohd Tahir, Hirnissa; Abdul Hamid, Baharom (2012)

  • In the last four decades, the financial services sector has becoming more important for the Malaysian economy. Despite gaining importance for enhancing economic growth, the contribution of the finance sector to the total services real Gross Domestic Product (GDP) has been ranked second in Peninsular Malaysia, third in Sabah and fourth in Sarawak. The purpose of the present paper is to determine whether the contribution of the financial services sector in the three regions in Malaysia, namely Peninsular Malaysia, Sabah and Sarawak show any distinct pattern. In the jargon of economic development literature, we seek to determine whether there is “convergence” or similarity in the pattern...

  • financial_development_islamic_finance_shadow_economy.pdf.jpg
  • Academic Presentation


  • Authors: Abdul Hamid, Baharom; Naeem Azmi, Choudhari Wajahat; Habibullah, Muzafar Shah; Din, Badariah H. (2017)

  • The slides highlight the research questions on: 1) would the presence of Islamic finance be associated with lower shadow economy; 2) are Islamic finance and the financial development complementary in reducing the shadow economy sector?

  • financial_integration_international_capital_mobility_muzafar_sarinder_baharom.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Kumari, Sarinder; Abdul Hamid, Baharom (2012)

  • This study was conducted to explore the linkages between savings and investment and to further test whether there is any evidence of relationship between financial integration and international capital mobility. The empirical model to test the capital mobility hypothesis applied here employs the panel data approach to the basic regression model used by Feldstein & Horioka (1980). The study covers ASEAN5 and ASEAN+3 (with China, Korea and Japan included). The findings of this study corroborate with other studies that savings and investment are cointegrated and this can be interpreted as a manifestation of the inter-temporal budget constraint rather than evidence of low capital mobility...

  • financial_risk_exposures_airlines_industry_evidence_Cathay_Pacific_Airways_China_Airlines_baharom.pdf.jpg
  • Journal Article


  • Authors: Yashoda, Yasmin; Abdul Hamid, Baharom; Habibullah, Muzafar Shah (2016)

  • This study explores the long run and dynamic relationships between the stock price of Cathay Pacific Airways and China Airlines against key determinants of financial risks exposure confronting the airline industry, which include interest-rate, exchange rate and fuel price risk exposures for the period of January 1996 to December 2011. The (Johansen & Juselius, 1990) cointegration technique was employed to detect any long time trending relationship followed Vector Error Correction Model (VECM) and Vector Auto-Regression (VAR). The generalised forecast error variance decomposition and the generalised impulse response function were employed to comprehend the effects of theses financial r...

  • good_governance_crime_rates_malaysia_baharom.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Din, Badariah H.; Abdul Hamid, Baharom (2016)

  • The purpose of this paper is to relate the quality of governance with crime in Malaysia. The study also identifies the best good governance tool to fight against crime in Malaysia. The study uses time-series data on crime rates and six measures of governance: voice and accountability, political stability, government effectiveness, regulatory quality, rule of law and control of corruption. In this study the authors employed the popular autoregressive distributed lagged modeling approach to estimate the long-run model of crime and governance. The authors test the hypothesis that good governance lowers crime rates (total crime, violent and property crimes). The results suggest a negative...

  • Human capital and economic growth secondary school or higher school_baharom.pdf.jpg
  • Academic Proceeding


  • Authors: N., Shalini; Abdul Hamid, Baharom; Kaur, Harpaljit; Habibullah, Muzafar Shah; Mohd Yunus, Rossita (2012)

  • This study investigates the linkages between economic growth and human capital. It employs the dynamic panel system GMM estimators, focusing on secondary school and higher school education as the proxy for human capital. The data was averaged to 7 points based on a sample of 62 countries spanning from year 1970-1999. The data was extracted from the World Development Index 2007 and study by Barro and Lee (2010). The results are particularly interesting, contrary to the expectation; only the high school graduates affect the growth while the secondary school graduates show insignificant. With disaggregation of countries based on the stages of economic development, high school show greate...

  • human_capital_and_economic_growth_baharom_et_al.pdf.jpg
  • Journal Article


  • Authors: Abdul Hamid, Baharom; N., Shalini; Kaur, Harpaljit; Habibullah, Muzafar Shah; Mohd. Yunus, Rossita (2013)

  • This study sets out to investigate the linkages between economic growth and human capital by employing the dynamic panel system GMM estimator with the focus being on secondary school and higher school education as the human capital proxy. The data was averaged to 7 points based on a sample of 62 countries spanning from year 1970 to 1999. Control variables such as gross capital formation, export and population were also decoded in order to obtain more accurate and robust results. Further desegregration of human capital was also done based on the development of the countries. The data was extracted from the World Development Index 2007 and a study by Barro & Lee (1993). The selection of...

  • 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...

  • intertemporal_changes_antecedents_migration_1990_2000_period_case_malaysia_asia_pacific_countries_baharom.pdf.jpg
  • Journal Article


  • Authors: Chee, Seong Ow; Abdul Hamid, Baharom; Habibullah, Muzafar Shah (2014)

  • The purpose of paper is to investigate and determine the intertemporal changes in linkages between migration (both emigration and immigration) and economic conditions in during 1990-2000 period. The paper employed cross-sectional analysis to investigate the relationship by employing data on immigration and emigration and as for economic condition the paper employed macro-variables such as real income differential (real gross domestic per capita), price level differential (consumer price index) and distance among the countries. Two different points of time were regressed cross-sectionally, with White standard being employed to remove traces of heterogeneity, albeit, 1990 and 2000. Resu...

Browsing by Author Habibullah, Muzafar Shah

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 13 to 32 of 61
  • defense_spending_economic_growth_nexus_selected_OIC_countries_long-run_causality_analysis_baharom.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Mohd Tahir, Hirnissa; Abdul Hamid, Baharom (2013)

  • This paper investigates the long run Granger causality between defense spending and economic growth for 20 selected Organization of Islamic Countries (OIC) by employing the Error-Correction Model (ECM) framework using annual data for the period 1960 to 2005. defense spending (milex) is measured using the ratio of defense spending to gross domestic product (GDP); while economic growth (rgdpc) is proxy by the real GDP per capita. The results of our study indicated that one way long run Granger causality was found running from economic growth to defense spending for Burkina Faso, Indonesia, Kuwait, Saudi Arabia, Sudan, Togo and Turkey. On the other hand, one way long run Granger causalit...

  • item.jpg
  • Academic Proceeding


  • Authors: Habibullah, Muzafar Shah; Mohd Tahir, Hirnissa; Abdul Hamid, Baharom (2011)

  • This paper investigates the long run Granger causality between defense spending and economic growth for 20 selected Organization of Islamic Countries (OIC) by employing the Error-Correction Model (ECM) framework using annual data for the period 1960 to 2005. defense spending (milex) is measured using the ratio of defense spending to gross domestic product (GDP); while economic growth (rgdpc) is proxy by the real GDP per capita. The results of our study indicated that one way long run Granger causality was found running from economic growth to defense spending for Burkina Faso, Indonesia, Kuwait, Saudi Arabia, Sudan, Togo and Turkey. On the other hand, one way long run Granger causalit...

  • item.jpg
  • Academic Proceeding


  • Authors: Makmur, Muhd Iqbal; Abdul Hamid, Baharom; Habibullah, Muzafar Shah (2014)

  • The paper "Demographic transition and economic growth nexus: the case of Malaysia" presented at 6th International Borneo Business Conference (IBBC) 2014, Kuching, Sarawak, Malaysia.

  • determinants_flood_fatalities_baharom.pdf.jpg
  • Journal Article


  • Authors: Padli, Jaharudin; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2013)

  • There is available evidence from different parts of the world that floods and storm account for about 67 percent of the natural disasters. While, earthquake, landslides, drought, extreme temperature, wildfire and volcano eruptions contribute to the remaining 23 percent. In many developing countries, the frequent occurrences of natural disasters, particularly floods are not uncommon. Yearly recurrence of floods bring devastate economies. The objective of the present study is to investigate factors that can mitigate the impact of floods on human fatalities and damages. We use a panel of 79 countries for the period of 1981-2005 and employ the two-step system GMM estimator to show...

  • does_shadow_economy_matter_tourism_International_evidence_baharom.pdf.jpg
  • Journal Article


  • Authors: Din, Badariah H.; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2015)

  • Tourism is an important sector that contributes to government revenues, national income, foreign exchange earnings as well as provides job and business opportunities for many nations. In 2013, international tourist arrivals reached a record 1.1 billion worldwide, with USD1.2 billion in international tourism receipts. At the same time, the shadow economy in the tourism sector also flourished. In the European countries, Schneider reported that 20% to 25% of the shadow economy is represented by tourism-related industries, wholesale and retail, automotive and motorcycle sales and maintenance; transportation, storage and communications; and hotels and restaurants. Services given by these o...

  • dynamic_analysis_output_energy_consumption_co2_emissions_Malaysia_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Habibullah, Muzafar Shah (2016)

  • Present paper analyzes the interrelations between output, energy consumption, and carbon emissions in light of Malaysia's development experience from a commodity-based economy to an industrial-based economy by means of a vector autoregression (VAR) framework. The results suggest substantial interactions among the three variables. Moreover, manufacturing output tends to exert persistent influences on carbon emissions, energy consumption, and non-manufacturing output. Meanwhile, the significant causal relations from non-manufacturing output to energy variables are found for first few years. These results are robust to the inclusion of additional variables, namely, trade openness, invest...

  • dynamic_heterogeneous_panel_estimation_impact_income_inflation_happiness_stock_returns_baharom.pdf.jpg
  • Journal Article


  • Authors: Abdul Hamid, Baharom; Habibullah, Muzafar Shah; Rasiah, Ratneswary (2016-03)

  • This study examines the long-run relationships and short-run dynamic interactions between stock returns and its determinants comprising of GDP per capita, inflation and happiness, over the period 1973 to 2012. The study applies the dynamic heterogenous panel estimation techniques of Mean Group (MG), Pooled Mean Group (PMG) and Dynamic Fixed Effects (DFE) to analyse a set of macro panel data on selected OECD countries to establish the possible causal relations between these variables. The theoretical framework of this study is based on the stock returns theories of Present Value Model/Discounted Cash Flows and “Risk-as-feelings” Theory. The results of this study show evidence that inco...

  • economic_impact_natural_disasters_fatalities_baharom.pdf.jpg
  • Journal Article


  • Authors: Padli, Jaharudin; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2010)

  • The purpose of this paper is to find the meaningful relationship between the economic impact of the natural disaster and economic condition. The paper employed cross‐sectional analysis to investigate the relationship between economic condition namely, gross domestic product per capita (GDPpc); gross domestic product per capita squared (GDPpc2); government consumption ratio to GDP (gc); ratio of M2 over GDP(M2); years of schooling attainment (sc); land area and finally; population and the economic impact of natural disasters, whereby ten types of natural disasters were chosen. The degree to which the human and economic losses due to these ten natural disasters were measured by, the var...

  • finance_other_services_sectors_peninsular_malaysia_sabah_sarawak_testing_stochastic_convergence_baharom.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Mohd Tahir, Hirnissa; Abdul Hamid, Baharom (2012)

  • In the last four decades, the financial services sector has becoming more important for the Malaysian economy. Despite gaining importance for enhancing economic growth, the contribution of the finance sector to the total services real Gross Domestic Product (GDP) has been ranked second in Peninsular Malaysia, third in Sabah and fourth in Sarawak. The purpose of the present paper is to determine whether the contribution of the financial services sector in the three regions in Malaysia, namely Peninsular Malaysia, Sabah and Sarawak show any distinct pattern. In the jargon of economic development literature, we seek to determine whether there is “convergence” or similarity in the pattern...

  • financial_development_islamic_finance_shadow_economy.pdf.jpg
  • Academic Presentation


  • Authors: Abdul Hamid, Baharom; Naeem Azmi, Choudhari Wajahat; Habibullah, Muzafar Shah; Din, Badariah H. (2017)

  • The slides highlight the research questions on: 1) would the presence of Islamic finance be associated with lower shadow economy; 2) are Islamic finance and the financial development complementary in reducing the shadow economy sector?

  • financial_integration_international_capital_mobility_muzafar_sarinder_baharom.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Kumari, Sarinder; Abdul Hamid, Baharom (2012)

  • This study was conducted to explore the linkages between savings and investment and to further test whether there is any evidence of relationship between financial integration and international capital mobility. The empirical model to test the capital mobility hypothesis applied here employs the panel data approach to the basic regression model used by Feldstein & Horioka (1980). The study covers ASEAN5 and ASEAN+3 (with China, Korea and Japan included). The findings of this study corroborate with other studies that savings and investment are cointegrated and this can be interpreted as a manifestation of the inter-temporal budget constraint rather than evidence of low capital mobility...

  • financial_risk_exposures_airlines_industry_evidence_Cathay_Pacific_Airways_China_Airlines_baharom.pdf.jpg
  • Journal Article


  • Authors: Yashoda, Yasmin; Abdul Hamid, Baharom; Habibullah, Muzafar Shah (2016)

  • This study explores the long run and dynamic relationships between the stock price of Cathay Pacific Airways and China Airlines against key determinants of financial risks exposure confronting the airline industry, which include interest-rate, exchange rate and fuel price risk exposures for the period of January 1996 to December 2011. The (Johansen & Juselius, 1990) cointegration technique was employed to detect any long time trending relationship followed Vector Error Correction Model (VECM) and Vector Auto-Regression (VAR). The generalised forecast error variance decomposition and the generalised impulse response function were employed to comprehend the effects of theses financial r...

  • good_governance_crime_rates_malaysia_baharom.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Din, Badariah H.; Abdul Hamid, Baharom (2016)

  • The purpose of this paper is to relate the quality of governance with crime in Malaysia. The study also identifies the best good governance tool to fight against crime in Malaysia. The study uses time-series data on crime rates and six measures of governance: voice and accountability, political stability, government effectiveness, regulatory quality, rule of law and control of corruption. In this study the authors employed the popular autoregressive distributed lagged modeling approach to estimate the long-run model of crime and governance. The authors test the hypothesis that good governance lowers crime rates (total crime, violent and property crimes). The results suggest a negative...

  • Human capital and economic growth secondary school or higher school_baharom.pdf.jpg
  • Academic Proceeding


  • Authors: N., Shalini; Abdul Hamid, Baharom; Kaur, Harpaljit; Habibullah, Muzafar Shah; Mohd Yunus, Rossita (2012)

  • This study investigates the linkages between economic growth and human capital. It employs the dynamic panel system GMM estimators, focusing on secondary school and higher school education as the proxy for human capital. The data was averaged to 7 points based on a sample of 62 countries spanning from year 1970-1999. The data was extracted from the World Development Index 2007 and study by Barro and Lee (2010). The results are particularly interesting, contrary to the expectation; only the high school graduates affect the growth while the secondary school graduates show insignificant. With disaggregation of countries based on the stages of economic development, high school show greate...

  • human_capital_and_economic_growth_baharom_et_al.pdf.jpg
  • Journal Article


  • Authors: Abdul Hamid, Baharom; N., Shalini; Kaur, Harpaljit; Habibullah, Muzafar Shah; Mohd. Yunus, Rossita (2013)

  • This study sets out to investigate the linkages between economic growth and human capital by employing the dynamic panel system GMM estimator with the focus being on secondary school and higher school education as the human capital proxy. The data was averaged to 7 points based on a sample of 62 countries spanning from year 1970 to 1999. Control variables such as gross capital formation, export and population were also decoded in order to obtain more accurate and robust results. Further desegregration of human capital was also done based on the development of the countries. The data was extracted from the World Development Index 2007 and a study by Barro & Lee (1993). The selection of...

  • 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...

  • intertemporal_changes_antecedents_migration_1990_2000_period_case_malaysia_asia_pacific_countries_baharom.pdf.jpg
  • Journal Article


  • Authors: Chee, Seong Ow; Abdul Hamid, Baharom; Habibullah, Muzafar Shah (2014)

  • The purpose of paper is to investigate and determine the intertemporal changes in linkages between migration (both emigration and immigration) and economic conditions in during 1990-2000 period. The paper employed cross-sectional analysis to investigate the relationship by employing data on immigration and emigration and as for economic condition the paper employed macro-variables such as real income differential (real gross domestic per capita), price level differential (consumer price index) and distance among the countries. Two different points of time were regressed cross-sectionally, with White standard being employed to remove traces of heterogeneity, albeit, 1990 and 2000. Resu...