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Showing results 595 to 614 of 1655
  • Funding_development_infrastructure_without_leverage_Obiya.pdf.jpg
  • Journal Article


  • Authors: Bacha, Obiyathulla Ismath; Mirakhor, Abbas (2017)

  • Muslim developing countries like many of their conventional counterparts suffer serious indebtedness. Amongst the 57 OIC countries, only the six Gulf cooperation Council countries have positive fiscal balances. The other 51 OIC nations have government budget deficits. Nineteen of these 51 countries are classified by the World Bank/IMF as HIPC (heavily indebted poor country). That government expenditure exceeds government revenues is a fairly common characteristic of developing economics. It is typically the result of the need to fund development. As matters now stand, there are two key problems with this. First, the budget shortfall is typically met by way of interest-based borrowing....

  • Funding_the_refugee_crisis_Turkey_case_for_social_impact_sukuk_Ziyaad_Shamsher.pdf.jpg
  • Chapter in Book


  • Authors: Ziyaad Mahomed; Ibrahim Musa Unal; Shamsher Mohamad Ramadili Mohd (2021)

  • The 20th century has generated a gradually intensifying refugee crisis that has amplified into an ongoing social crisis, especially since the Cold War in 1989. Civil wars, the internal conflict of countries, mass famine, and many faltering economic, political, and social institutions (US Mission to UN, Global Humanitarian Emergency 1995) contributed to this intensification. The host countries that receive these refugees bear the cost of managing the refugees at the expense of the country's economy (Mandel, 1997). Consequently, when countries face an impossible task of efficient control and maintenance of the livelihood of these refugees on a sustainable basis, they will impose restric...

  • Future_insights_for_Islamic_finance_ziyaad.pdf.jpg
  • Industry Article


  • Authors: Ziyaad Mahomed (2017)

  • The global Islamic banking and finance industry has been growing consistently notwithstanding the periodic shocks and turbulence economic conditions in various parts of the world. However, looking ahead, what would ensure the growth of the industry and maintain its value proposion? We consider some of these emerging trends. Arguably, the two most significance trends in the financial service space have been the rise of advanced financial technology and the buzz on the "green economy" or sustainable financing.

  • future_US-China_relations_scientific_investigation_belal et al.pdf.jpg
  • Journal Article


  • Authors: Baaquie, Belal E.; Richmond, Peter; Roehner, Bertrand M.; Qing-hai, Wang (2019)

  • In earlier centuries kings and governments employed astrologists to help them take the best decisions. Present-day governments no longer employ astrologists but still have no clear analytical tool to replace them. Over the past two decades we have developed a methodology for the scientific investigation of recurrent historical events. It consists in two steps. (i) Identification and comparison of historical episodes driven by a common mechanism. (ii) Under the reasonable assumption that what has happened several times in the past is likely to happen again, one then derives testable predictions. This of course is nothing other than the protocol used in experimental science when explori...

  • Futures_trading_volume_as_a_determinant_of_prices_mansur.pdf.jpg
  • Journal Article


  • Authors: Hodgson, Allan; Mohammed Masih, Abul Mansur; Masih, Rumi (2004)

  • Recent studies contend that trading volume has predictive power for ex ante stock prices, particularly small stocks that do not react quickly to macroeconomic information. This study postulates that a significant amount of macro-information that flows on to stock markets is derived from derivative markets. We examine the impact of short-term futures trading volume and prices on cash stock prices using a case study of 15-min data from the Australian stock index futures market which reports actual trading volume. After applying vector error correction modelling (VECM), variance decomposition and impulse functions, we conclude that futures prices provide a short-term information lead to ...

  • PhD_A_game_theoretic_investigation_of_compliance_to_Islamic_rules_of_behaviour_Hazik.pdf.jpg
  • PhD


  • Authors: Mohamed, Hazik (2017)

  • The breakdown of trust and cooperation as well as the failure of institutions to govern effectively can be attributed as the critical causes of the global financial meltdown. This research will extend the behavioural investigation into testing the level of adherence towards these rules of behaviour in the members of society - specifically separated into two groups, Muslims and non-Muslims. This research will analyze the comparative behaviours of Muslims and non-Muslims using selected games (from the body of published work on behavioural and experimental games). The experimental games will be carried out on test subjects in Singapore as well as in Malaysia from diverse backgrounds ...<...

  • gaps_theory_practice_Islamic_economics_mabid.pdf.jpg
  • Journal Article


  • Authors: Mahmoud Al-Jarhi, Mabid Ali Mohamed (2013)

  • After a generation of non-professional writers in Islamic economics, professional economists entered the stage with an important ambition, which has been to introduce a third alternative to humanity in addition to capitalism and socialism that would answer some of the inadequacies of each. Moreover, the analysis of human (individual and collective) behavior towards scarcity under the teachings of Islam was itself worth pursuing. The intellectual effort is yet to produce significant practices of Islamic economics. The exceptions include some application of Islamic finance that raises many questions, and a few applications of zakah and awqaf. The most serious challenge of Islamic financ...

  • Gender_diversity_corporate_boards_Malaysia_Syed_Hamid.pdf.jpg
  • Industry Article


  • Authors: Aljunid, Syed Abdul Hamid (2020)

  • The journey of gender inclusion in Malaysia began in 2004 when the government pushed for 30% of decision making positions in the public sector to be filled by women. This was achieved in 2010. In 2011 the Securities Commission of Malaysia (SC) in its Corporate Governance Blueprint encouraged listed companies to develop gender diversity policies and to disclose its implementation toward achieving 30% target of women in their boards by 2015. However, this target was not achieved because of a number of factors, most important among them was that gender inclusion was only a recommendation and not a practice to be complied by listed companies. Besides, there was limited supply of women who...

  • item.jpg
  • Master


  • Authors: Is'haq Muhammad Mustapha (2016)

  • World demand for oil and natural gas is driven by economic growth and social development across the globe. According to the U.S Energy Information Administration (EIA, 2016), world oil consumption increased almost fourfold in the last 45 years. As at 1st quarter 2016, It reached 96mb/day (more than 35billion barrels per year) from 86mb/day in 2006. Muslim countries, which include Saudi Arabia, Iran, Iraq, Kuwait, United Arab Emirates (UAE), Qatar, Yemen, Libya, Nigeria, Algeria, Kazakhstan, Azerbaijan, Malaysia, Indonesia, Brunei, are blessed with crude oil and natural gas reserves, making a concentration of the world oil production in the Muslim world ...

  • gercekten_de_suclu_seriat_miydi_cizakca_2013.pdf.jpg
  • Industry Article


  • Authors: Cizakca, Murat (2013)

  • Over the centuries, there is no doubt that the leading civilization of the world of Islam. It is well-known achievements in science and philosophy. Islam 's effective economic / financial. The success of Medieval and on how to establish institutions to borrow taken by these institutions in the West it is now well documented. But this is to create a clear contrast to the early success, is considered one of the most underdeveloped regions of the world still in the Islamic world. Timur Kuran , the tough stance of the Islamic inheritance law, and Muslim legal scholar, is an obstacle to the development of the company form and the company founded by the Muslims as a result of it is bound to...

  • item.jpg
  • Master


  • Authors: Rosana Gulzar (2016)

  • This study, which compares the German system with Malaysia in the hope of improving Islamic finance, uncovers four paradoxes. Germany is chosen because its focus on mutuality and small enterprises, at the expense of profit maximisation, not only embodies the Shariah principles of justice and social welfare but also makes the system more stable. The banks' profitability and stability between 2006 and 2014 are compared. This covers their performances before, during and after the global financial crisis ...

  • giving_back_cash_waqf_malaysia_magda_2010.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2010-01-01)

  • The institution of waqf, or an Islamic foundation, has played a significant role throughout Islamic history, from the time of the Prophet (pbuh) to the present time. Although this institution existed before the coming of Islam, Islam was the first religion to develop its legal system and to regulate it. It became the main device created by Muslims to facilitate most social services such as education, health care, national security, transportation facilities, basic infrastructure, etc., without any cost to the government. Recently, the creation of new waqf has concentrated mainly on movable waqf, i.e., cash waqf.

  • Phd_Global_financial_shocks_and_stock_market_comovements_Siti_Zulaikha.pdf.jpg
  • PhD


  • Authors: Siti Zulaikha (2017)

  • The study investigates the impact of the global financial shocks on the correlations between the stock market and interest rate on the one hand and that between conventional and Islamic stocks on the other. The countries investigated are Malaysia, Indonesia, the U.S., Japan, the U.K., Kuwait, Saudi Arabia, Qatar with the sample period from December 2004 to December 2012. Changes in correlations for different time scales or investment horizons levels with wavelet analysis were tested. It was found that correlations among Islamic and conventional stock markets in non-shock periods tend to be ...

  • The_global_perspective_of_Islamic_finance_and_the_potential_for_China_Fares_Akram.pdf.jpg
  • Journal Article


  • Authors: Fares Djafri; Mohamad Akram Laldin; Abdelkader Laallam (2021)

  • Islamic finance is considered one of the fastest-growing segments of the global financial industry. Over the last four decades, Islamic finance has expanded globally to western and other non-Muslim countries. This paper aims to explore the potential for China to tap into the Islamic finance market and the challenges that may face the implementation of Islamic finance there. This study adopts a qualitative method of inquiry and utilizes the inductive method and content analysis to build comprehensive knowledge that would assist in exploring the significance and potential benefits that China may gain from the adoption of Islamic finance. The study reveals that China has a huge opportuni...

  • globalization_islamic_finance_convergence_prospects_challenges_cover.jpg.jpg
  • Book


  • Authors: Iqbal, Zamir; Mirakhor, Abbas; Askari, Hossein (2010)

  • This is an extremely valuable book written by three highly qualified scholars whose credentials for writing such a book are difficult to match. The timing of the book is also perfect, having come at a time when the worst financial crisis in living memory has intensified the quest for reform of the international architecture. The proposals made by the authors should go a long way in not only reforming the system but also in accelerating the move towards financial globalization and convergence of the conventional and Islamic financial systems.

  • globalization governance and leadership.pdf.jpg
  • Chapter in Book


  • Authors: Wilson, Rodney (2011)

  • The question of whether management culture is universal of society specific has long been debated in the Middle East, with htose who accept the latter suggesting that there may be some characteristics of Arab and Islamic culture that are inimical to business development. Business leaders in the Middle East appear to accept cultural relativist arguments, believing that their values are rooted in their culture and religion.

  • gold investment as an inflationary hedge.pdf.jpg
  • Chapter in Book


  • Authors: Mansor H. Ibrahim; Raditya Sukmana (2009)

  • The paper assesses empirically the inflation-hedging properties of gold and, as comparison, of the stock market for Malaysia using montly data from July 2001 to May 2007. The results provide clear evidence that, over the sample period, gold serves as a good inflationary hedge. However, the hedging value seems to be lacking in stock prices. More specifically, from regression analyses, we note that gold provides a good hedge over all investment horizons considered and with better hedging at longer horizons. Moreover, from the VAR-based impulse response functions, the return on gold investment seems to increase immediately in response to inflation shocks. For the stock return, we find no...

  • IF_Hub_Issue_2_The_good_and_bad_aspect_of_financialization_Fatima.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Fatima Muhammad Abdulkarim (2017)

  • Throughout the world, the income gap between the rich and the poor continues to widen. This disparity in income has become more obvious in the last two decades as the income of the vast majority of the world's population has been somewhat stagnant over time, while small segments of the population experience an upward trend in income. In a recent report by (Oxfam 2016), it is reported that income inequality is spiralling out of control and this is a dangerous trend that poses significant threat to the global sustainability. Income inequality is not only a problem peculiar to the developed world, but also developing countries such as Muslim countries (OIC countries) as they have in rece...

  • good_governance_crime_rates_malaysia_baharom.pdf.jpg
  • Journal Article


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

Browsing by Title

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 595 to 614 of 1655
  • Funding_development_infrastructure_without_leverage_Obiya.pdf.jpg
  • Journal Article


  • Authors: Bacha, Obiyathulla Ismath; Mirakhor, Abbas (2017)

  • Muslim developing countries like many of their conventional counterparts suffer serious indebtedness. Amongst the 57 OIC countries, only the six Gulf cooperation Council countries have positive fiscal balances. The other 51 OIC nations have government budget deficits. Nineteen of these 51 countries are classified by the World Bank/IMF as HIPC (heavily indebted poor country). That government expenditure exceeds government revenues is a fairly common characteristic of developing economics. It is typically the result of the need to fund development. As matters now stand, there are two key problems with this. First, the budget shortfall is typically met by way of interest-based borrowing....

  • Funding_the_refugee_crisis_Turkey_case_for_social_impact_sukuk_Ziyaad_Shamsher.pdf.jpg
  • Chapter in Book


  • Authors: Ziyaad Mahomed; Ibrahim Musa Unal; Shamsher Mohamad Ramadili Mohd (2021)

  • The 20th century has generated a gradually intensifying refugee crisis that has amplified into an ongoing social crisis, especially since the Cold War in 1989. Civil wars, the internal conflict of countries, mass famine, and many faltering economic, political, and social institutions (US Mission to UN, Global Humanitarian Emergency 1995) contributed to this intensification. The host countries that receive these refugees bear the cost of managing the refugees at the expense of the country's economy (Mandel, 1997). Consequently, when countries face an impossible task of efficient control and maintenance of the livelihood of these refugees on a sustainable basis, they will impose restric...

  • Future_insights_for_Islamic_finance_ziyaad.pdf.jpg
  • Industry Article


  • Authors: Ziyaad Mahomed (2017)

  • The global Islamic banking and finance industry has been growing consistently notwithstanding the periodic shocks and turbulence economic conditions in various parts of the world. However, looking ahead, what would ensure the growth of the industry and maintain its value proposion? We consider some of these emerging trends. Arguably, the two most significance trends in the financial service space have been the rise of advanced financial technology and the buzz on the "green economy" or sustainable financing.

  • future_US-China_relations_scientific_investigation_belal et al.pdf.jpg
  • Journal Article


  • Authors: Baaquie, Belal E.; Richmond, Peter; Roehner, Bertrand M.; Qing-hai, Wang (2019)

  • In earlier centuries kings and governments employed astrologists to help them take the best decisions. Present-day governments no longer employ astrologists but still have no clear analytical tool to replace them. Over the past two decades we have developed a methodology for the scientific investigation of recurrent historical events. It consists in two steps. (i) Identification and comparison of historical episodes driven by a common mechanism. (ii) Under the reasonable assumption that what has happened several times in the past is likely to happen again, one then derives testable predictions. This of course is nothing other than the protocol used in experimental science when explori...

  • Futures_trading_volume_as_a_determinant_of_prices_mansur.pdf.jpg
  • Journal Article


  • Authors: Hodgson, Allan; Mohammed Masih, Abul Mansur; Masih, Rumi (2004)

  • Recent studies contend that trading volume has predictive power for ex ante stock prices, particularly small stocks that do not react quickly to macroeconomic information. This study postulates that a significant amount of macro-information that flows on to stock markets is derived from derivative markets. We examine the impact of short-term futures trading volume and prices on cash stock prices using a case study of 15-min data from the Australian stock index futures market which reports actual trading volume. After applying vector error correction modelling (VECM), variance decomposition and impulse functions, we conclude that futures prices provide a short-term information lead to ...

  • PhD_A_game_theoretic_investigation_of_compliance_to_Islamic_rules_of_behaviour_Hazik.pdf.jpg
  • PhD


  • Authors: Mohamed, Hazik (2017)

  • The breakdown of trust and cooperation as well as the failure of institutions to govern effectively can be attributed as the critical causes of the global financial meltdown. This research will extend the behavioural investigation into testing the level of adherence towards these rules of behaviour in the members of society - specifically separated into two groups, Muslims and non-Muslims. This research will analyze the comparative behaviours of Muslims and non-Muslims using selected games (from the body of published work on behavioural and experimental games). The experimental games will be carried out on test subjects in Singapore as well as in Malaysia from diverse backgrounds ...<...

  • gaps_theory_practice_Islamic_economics_mabid.pdf.jpg
  • Journal Article


  • Authors: Mahmoud Al-Jarhi, Mabid Ali Mohamed (2013)

  • After a generation of non-professional writers in Islamic economics, professional economists entered the stage with an important ambition, which has been to introduce a third alternative to humanity in addition to capitalism and socialism that would answer some of the inadequacies of each. Moreover, the analysis of human (individual and collective) behavior towards scarcity under the teachings of Islam was itself worth pursuing. The intellectual effort is yet to produce significant practices of Islamic economics. The exceptions include some application of Islamic finance that raises many questions, and a few applications of zakah and awqaf. The most serious challenge of Islamic financ...

  • Gender_diversity_corporate_boards_Malaysia_Syed_Hamid.pdf.jpg
  • Industry Article


  • Authors: Aljunid, Syed Abdul Hamid (2020)

  • The journey of gender inclusion in Malaysia began in 2004 when the government pushed for 30% of decision making positions in the public sector to be filled by women. This was achieved in 2010. In 2011 the Securities Commission of Malaysia (SC) in its Corporate Governance Blueprint encouraged listed companies to develop gender diversity policies and to disclose its implementation toward achieving 30% target of women in their boards by 2015. However, this target was not achieved because of a number of factors, most important among them was that gender inclusion was only a recommendation and not a practice to be complied by listed companies. Besides, there was limited supply of women who...

  • item.jpg
  • Master


  • Authors: Is'haq Muhammad Mustapha (2016)

  • World demand for oil and natural gas is driven by economic growth and social development across the globe. According to the U.S Energy Information Administration (EIA, 2016), world oil consumption increased almost fourfold in the last 45 years. As at 1st quarter 2016, It reached 96mb/day (more than 35billion barrels per year) from 86mb/day in 2006. Muslim countries, which include Saudi Arabia, Iran, Iraq, Kuwait, United Arab Emirates (UAE), Qatar, Yemen, Libya, Nigeria, Algeria, Kazakhstan, Azerbaijan, Malaysia, Indonesia, Brunei, are blessed with crude oil and natural gas reserves, making a concentration of the world oil production in the Muslim world ...

  • gercekten_de_suclu_seriat_miydi_cizakca_2013.pdf.jpg
  • Industry Article


  • Authors: Cizakca, Murat (2013)

  • Over the centuries, there is no doubt that the leading civilization of the world of Islam. It is well-known achievements in science and philosophy. Islam 's effective economic / financial. The success of Medieval and on how to establish institutions to borrow taken by these institutions in the West it is now well documented. But this is to create a clear contrast to the early success, is considered one of the most underdeveloped regions of the world still in the Islamic world. Timur Kuran , the tough stance of the Islamic inheritance law, and Muslim legal scholar, is an obstacle to the development of the company form and the company founded by the Muslims as a result of it is bound to...

  • item.jpg
  • Master


  • Authors: Rosana Gulzar (2016)

  • This study, which compares the German system with Malaysia in the hope of improving Islamic finance, uncovers four paradoxes. Germany is chosen because its focus on mutuality and small enterprises, at the expense of profit maximisation, not only embodies the Shariah principles of justice and social welfare but also makes the system more stable. The banks' profitability and stability between 2006 and 2014 are compared. This covers their performances before, during and after the global financial crisis ...

  • giving_back_cash_waqf_malaysia_magda_2010.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2010-01-01)

  • The institution of waqf, or an Islamic foundation, has played a significant role throughout Islamic history, from the time of the Prophet (pbuh) to the present time. Although this institution existed before the coming of Islam, Islam was the first religion to develop its legal system and to regulate it. It became the main device created by Muslims to facilitate most social services such as education, health care, national security, transportation facilities, basic infrastructure, etc., without any cost to the government. Recently, the creation of new waqf has concentrated mainly on movable waqf, i.e., cash waqf.

  • Phd_Global_financial_shocks_and_stock_market_comovements_Siti_Zulaikha.pdf.jpg
  • PhD


  • Authors: Siti Zulaikha (2017)

  • The study investigates the impact of the global financial shocks on the correlations between the stock market and interest rate on the one hand and that between conventional and Islamic stocks on the other. The countries investigated are Malaysia, Indonesia, the U.S., Japan, the U.K., Kuwait, Saudi Arabia, Qatar with the sample period from December 2004 to December 2012. Changes in correlations for different time scales or investment horizons levels with wavelet analysis were tested. It was found that correlations among Islamic and conventional stock markets in non-shock periods tend to be ...

  • The_global_perspective_of_Islamic_finance_and_the_potential_for_China_Fares_Akram.pdf.jpg
  • Journal Article


  • Authors: Fares Djafri; Mohamad Akram Laldin; Abdelkader Laallam (2021)

  • Islamic finance is considered one of the fastest-growing segments of the global financial industry. Over the last four decades, Islamic finance has expanded globally to western and other non-Muslim countries. This paper aims to explore the potential for China to tap into the Islamic finance market and the challenges that may face the implementation of Islamic finance there. This study adopts a qualitative method of inquiry and utilizes the inductive method and content analysis to build comprehensive knowledge that would assist in exploring the significance and potential benefits that China may gain from the adoption of Islamic finance. The study reveals that China has a huge opportuni...

  • globalization_islamic_finance_convergence_prospects_challenges_cover.jpg.jpg
  • Book


  • Authors: Iqbal, Zamir; Mirakhor, Abbas; Askari, Hossein (2010)

  • This is an extremely valuable book written by three highly qualified scholars whose credentials for writing such a book are difficult to match. The timing of the book is also perfect, having come at a time when the worst financial crisis in living memory has intensified the quest for reform of the international architecture. The proposals made by the authors should go a long way in not only reforming the system but also in accelerating the move towards financial globalization and convergence of the conventional and Islamic financial systems.

  • globalization governance and leadership.pdf.jpg
  • Chapter in Book


  • Authors: Wilson, Rodney (2011)

  • The question of whether management culture is universal of society specific has long been debated in the Middle East, with htose who accept the latter suggesting that there may be some characteristics of Arab and Islamic culture that are inimical to business development. Business leaders in the Middle East appear to accept cultural relativist arguments, believing that their values are rooted in their culture and religion.

  • gold investment as an inflationary hedge.pdf.jpg
  • Chapter in Book


  • Authors: Mansor H. Ibrahim; Raditya Sukmana (2009)

  • The paper assesses empirically the inflation-hedging properties of gold and, as comparison, of the stock market for Malaysia using montly data from July 2001 to May 2007. The results provide clear evidence that, over the sample period, gold serves as a good inflationary hedge. However, the hedging value seems to be lacking in stock prices. More specifically, from regression analyses, we note that gold provides a good hedge over all investment horizons considered and with better hedging at longer horizons. Moreover, from the VAR-based impulse response functions, the return on gold investment seems to increase immediately in response to inflation shocks. For the stock return, we find no...

  • IF_Hub_Issue_2_The_good_and_bad_aspect_of_financialization_Fatima.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Fatima Muhammad Abdulkarim (2017)

  • Throughout the world, the income gap between the rich and the poor continues to widen. This disparity in income has become more obvious in the last two decades as the income of the vast majority of the world's population has been somewhat stagnant over time, while small segments of the population experience an upward trend in income. In a recent report by (Oxfam 2016), it is reported that income inequality is spiralling out of control and this is a dangerous trend that poses significant threat to the global sustainability. Income inequality is not only a problem peculiar to the developed world, but also developing countries such as Muslim countries (OIC countries) as they have in rece...

  • good_governance_crime_rates_malaysia_baharom.pdf.jpg
  • Journal Article


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