Browsing by Author Habibullah, Muzafar Shah

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Showing results 23 to 42 of 61
  • 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...

  • intertemporal_changes_influence_environmental_degradation_migration_case_between_Malaysia_Asia-Pacific_countries_baharom.pdf.jpg
  • Journal Article


  • Authors: Ow, Wilson Chee Seong; Abdul Hamid, Baharom; Habibullah, Muzafar Shah (2015)

  • The purpose of this study is to determine the intertemporal changes that occurred in 1990 and 2000 in the link between migration and environmental degradation in the Asia Pacific region. The study used carbon dioxide emission index, gross domestic per capita income, consumer price index and distance among the countries to conduct a cross-sectional analysis to investigate this relationship. Two different points of time were regressed cross-sectionally and White standard was employed to remove traces of heterogeneity. Results clearly indicated that intertemporal effects between 1990 and 2000 were negligible. Overall, the study found that in the case...

  • item.jpg
  • Academic Proceeding


  • Authors: Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2015)

  • The paper "Is our macroeconomic policy right? A simple test" presented at International Conference on Contemporary Issues in Accounting and Finance 2015 (CoCiAF 2015), Sarawak, Malaysia.

  • 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...

  • linkages_between_education_expenditure_economic_growth_evidence_CHINDIA_baharom.pdf.jpg
  • Journal Article


  • Authors: Kaur, Harpaljit; Abdul Hamid, Baharom; Habibullah, Muzafar Shah (2014)

  • This paper examines the relationship between education expenditure and economic growth in China and India by employing annual data from 1970 to 2005. This study utilizes multi econometric tools such as the Johansen-Juselius (1990) co-integration test, Ordinary Least Square (OLS) method, Dynamic Ordinary Least Square (DOLS), Vector Error Correction Model (VECM) as well as variance decomposition to obtain a robust and consistent result. The findings indicate that there exists a long run trending relationship between income level (Gross Domestic Product per capita (GDPpc) and education expenditure in both China and India. In the long run, a unidirectional causal relationship could be det...

  • malaysia_us_trade_question_sustainability_correct_policy_baharom_2015.pdf.jpg
  • Industry Article


  • Authors: Abdul Hamid, Baharom; Habibullah, Muzafar Shah (2015-09-30)

  • The on-off-on again-off again Malaysia-US Free Trade Agreement (MUSFTA) is a proposed treaty between Malaysia and the United States of America. Initial negotiations, in fact started way back in 2005 and as all other Free Trade Agreements (FTAs), the treaty aims to liberalise each other markets to parties of the agreement and directly encourage trade between the two countries. Malaysia has a commendable and enviable economic growth and development. Our macroeconomic policies have always been designed to create a more liberalized and fair international trade environment. Though Malaysia continues to accord high priority to the rule-based multilateral trading system under the World Trade...

  • marketing_effectiveness_Islamic_conventional_banks.pdf.jpg
  • Chapter in Book


  • Authors: Abdul Hamid, Baharom; Najibullah, Syed; Habibullah, Muzafar Shah (2017)

  • The study aims to address marketing effectiveness of both Islamic banks and conventional banks (CBs) by using a modified "chain-of-effect" framework. Against current literature, which is based on customer surveys, reports do not include marketing activities by the Islamic banks (IB); this study adopts a bank perspective to explore the IB's behavior in this regard. Applying fixed-effect panel regression on the quarterly data of five IBs and five CBs in Malaysia, the study aims to explore the influence of marketing efforts on performance... Available in physical copy only (Call Number: HG 3368 A6 I82Na)

  • item.jpg
  • Journal Article


  • Authors: Mohd Tahir, Hirnissa; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2016)

  • This paper examines the causality between military expenditures and economic growth for twenty selecteddeveloping countries. In this paper we test for Granger long-run causality employing the Panel Error-Correction Model (ECM) framework using annual data for the period 1970 to 2005. Military expenditure is measured using the logarithm of the ratio of military expenditures to gross domestic product (milex); while economic growth is proxied by the logarithm of real GDP per capita (rgdppc). Causation (as well as cointegration) is inferred from milex to rgdppc, in a panel setting using the Pooled Mean Group (PMG) estimator proposed by Pesaran et al. (1999) when the Error-Correction (ECM) ...

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 23 to 42 of 61
  • 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...

  • intertemporal_changes_influence_environmental_degradation_migration_case_between_Malaysia_Asia-Pacific_countries_baharom.pdf.jpg
  • Journal Article


  • Authors: Ow, Wilson Chee Seong; Abdul Hamid, Baharom; Habibullah, Muzafar Shah (2015)

  • The purpose of this study is to determine the intertemporal changes that occurred in 1990 and 2000 in the link between migration and environmental degradation in the Asia Pacific region. The study used carbon dioxide emission index, gross domestic per capita income, consumer price index and distance among the countries to conduct a cross-sectional analysis to investigate this relationship. Two different points of time were regressed cross-sectionally and White standard was employed to remove traces of heterogeneity. Results clearly indicated that intertemporal effects between 1990 and 2000 were negligible. Overall, the study found that in the case...

  • item.jpg
  • Academic Proceeding


  • Authors: Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2015)

  • The paper "Is our macroeconomic policy right? A simple test" presented at International Conference on Contemporary Issues in Accounting and Finance 2015 (CoCiAF 2015), Sarawak, Malaysia.

  • 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...

  • linkages_between_education_expenditure_economic_growth_evidence_CHINDIA_baharom.pdf.jpg
  • Journal Article


  • Authors: Kaur, Harpaljit; Abdul Hamid, Baharom; Habibullah, Muzafar Shah (2014)

  • This paper examines the relationship between education expenditure and economic growth in China and India by employing annual data from 1970 to 2005. This study utilizes multi econometric tools such as the Johansen-Juselius (1990) co-integration test, Ordinary Least Square (OLS) method, Dynamic Ordinary Least Square (DOLS), Vector Error Correction Model (VECM) as well as variance decomposition to obtain a robust and consistent result. The findings indicate that there exists a long run trending relationship between income level (Gross Domestic Product per capita (GDPpc) and education expenditure in both China and India. In the long run, a unidirectional causal relationship could be det...

  • malaysia_us_trade_question_sustainability_correct_policy_baharom_2015.pdf.jpg
  • Industry Article


  • Authors: Abdul Hamid, Baharom; Habibullah, Muzafar Shah (2015-09-30)

  • The on-off-on again-off again Malaysia-US Free Trade Agreement (MUSFTA) is a proposed treaty between Malaysia and the United States of America. Initial negotiations, in fact started way back in 2005 and as all other Free Trade Agreements (FTAs), the treaty aims to liberalise each other markets to parties of the agreement and directly encourage trade between the two countries. Malaysia has a commendable and enviable economic growth and development. Our macroeconomic policies have always been designed to create a more liberalized and fair international trade environment. Though Malaysia continues to accord high priority to the rule-based multilateral trading system under the World Trade...

  • marketing_effectiveness_Islamic_conventional_banks.pdf.jpg
  • Chapter in Book


  • Authors: Abdul Hamid, Baharom; Najibullah, Syed; Habibullah, Muzafar Shah (2017)

  • The study aims to address marketing effectiveness of both Islamic banks and conventional banks (CBs) by using a modified "chain-of-effect" framework. Against current literature, which is based on customer surveys, reports do not include marketing activities by the Islamic banks (IB); this study adopts a bank perspective to explore the IB's behavior in this regard. Applying fixed-effect panel regression on the quarterly data of five IBs and five CBs in Malaysia, the study aims to explore the influence of marketing efforts on performance... Available in physical copy only (Call Number: HG 3368 A6 I82Na)

  • item.jpg
  • Journal Article


  • Authors: Mohd Tahir, Hirnissa; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2016)

  • This paper examines the causality between military expenditures and economic growth for twenty selecteddeveloping countries. In this paper we test for Granger long-run causality employing the Panel Error-Correction Model (ECM) framework using annual data for the period 1970 to 2005. Military expenditure is measured using the logarithm of the ratio of military expenditures to gross domestic product (milex); while economic growth is proxied by the logarithm of real GDP per capita (rgdppc). Causation (as well as cointegration) is inferred from milex to rgdppc, in a panel setting using the Pooled Mean Group (PMG) estimator proposed by Pesaran et al. (1999) when the Error-Correction (ECM) ...