Browsing by Topic Conventional finance::Economics

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Showing results 50 to 59 of 105
  • institutional_quality_thresholds_finance_growth_nexus_mansor.pdf.jpg
  • Journal Article


  • Authors: Siong, Hook Law; W. Azman-Saini, W.N.; Ibrahim, Mansor H. (2013)

  • Using an innovative threshold estimation technique, this study examines whether the growth effect of financial development in countries with distinct levels of institutional development differs. The results demonstrate that there is a threshold effect in the finance-growth relationship. Specifically, we found that the impact of finance on growth is positive and significant only after a certain threshold level of institutional development has been attained. Until then, the effect of finance on growth is nonexistent. This finding suggests that the financial development-growth nexus is contingent on the level of institutional quality, thus supporting the idea that better finance (i.e., f...

  • international trade and trade policy.pdf.jpg
  • Chapter in Book


  • Authors: Abdul Kareem, Mohamed Ariff; Nambiar, Shankaran (2011)

  • Malaysia's trade policy has always beem prompted by pragmatic considerations. In the pre-Independence period, when the country had scant human resources and little capital accumulation, there was little interest in the export of manufactured products. Instead, the country concentrated on the export of agricultural commodities and minerals.

  • 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...

  • level_volatility_stock_prices_aggregate_investment_case_thailand_ibrahim.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H. (2011)

  • The present paper analyzes the aggregate investment behaviour for Thailand and its relations to real stock prices and stock market volatility. In the analysis, we focus on their long run relations as well as their dynamic causal interactions by means of time series techniques of cointegration and vector autoregression (VAR). Our basic framework consists of real aggregate investment, real output, lending rate, real stock prices and stock market volatility. We obtain evidence for their long run relation and that, in the long run, real aggregate investment is positively related to real stock prices and negatively related to the stock market volatility.The generalized impulse-response fun...

  • linear_non_linear_granger_causality_between_oil_spot_futures_prices_wavelet_based.pdf.jpg
  • Journal Article


  • Authors: Alzahrani, Mohammed; Mohammed Masih, Abul Mansur; Al-Titi, Omar (2014)

  • This study is the first attempt to investigate both the linear and non-linear Granger causality between wavelet transformed spot and futures oil prices. Our findings consistently indicate bidirectional causality between the spot and futures oil markets at different time scales, under linear and non-linear causality assumptions, and also during the recent financial crisis. Our results tend to shed further light on the ongoing controversy over the relative price discovery role played by spot market as opposed to futures market in oil price fluctuations, especially during periods of high uncertainty.

  • 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...

  • Macroeconomic_activity_dynamics_and_Granger_causality_Mansur.pdf.jpg
  • Journal Article


  • Authors: Masih, Rumi; Mohammed Masih, Abul Mansur (1996)

  • The main purpose of this paper is to discern the dynamic causal chain (in the Granger (temporal) sense rather than in the structural sense) among real output, money, interest rate, inflation and the exchange rate in the context of a small Asian developing economy, such as Indonesia. The methodology employed uses various unit root tests and Johansen's cointegration test followed by vector error-correction modelling, variance decompositions, and impulse response functions in order to capture both the within-sample and out-of-sample Granger causal chain among macroeconomic activity. Given the inward-oriented growth strategy of this small developing economy, where the real output was vuln...

  • 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...

  • macroeconomics_cover.jpg.jpg
  • Book


  • Authors: Hasan, Zubair; Lehar, Habibah (2009)

  • This content of this book are spread over eleven chapters, covering four major themes: introduction to macroeconomics, tools and models, monetary and fiscal policies and income distribution. Available in physical copy only (Call Number: HB 172.5 H344)

Browsing by Topic Conventional finance::Economics

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 50 to 59 of 105
  • institutional_quality_thresholds_finance_growth_nexus_mansor.pdf.jpg
  • Journal Article


  • Authors: Siong, Hook Law; W. Azman-Saini, W.N.; Ibrahim, Mansor H. (2013)

  • Using an innovative threshold estimation technique, this study examines whether the growth effect of financial development in countries with distinct levels of institutional development differs. The results demonstrate that there is a threshold effect in the finance-growth relationship. Specifically, we found that the impact of finance on growth is positive and significant only after a certain threshold level of institutional development has been attained. Until then, the effect of finance on growth is nonexistent. This finding suggests that the financial development-growth nexus is contingent on the level of institutional quality, thus supporting the idea that better finance (i.e., f...

  • international trade and trade policy.pdf.jpg
  • Chapter in Book


  • Authors: Abdul Kareem, Mohamed Ariff; Nambiar, Shankaran (2011)

  • Malaysia's trade policy has always beem prompted by pragmatic considerations. In the pre-Independence period, when the country had scant human resources and little capital accumulation, there was little interest in the export of manufactured products. Instead, the country concentrated on the export of agricultural commodities and minerals.

  • 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...

  • level_volatility_stock_prices_aggregate_investment_case_thailand_ibrahim.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H. (2011)

  • The present paper analyzes the aggregate investment behaviour for Thailand and its relations to real stock prices and stock market volatility. In the analysis, we focus on their long run relations as well as their dynamic causal interactions by means of time series techniques of cointegration and vector autoregression (VAR). Our basic framework consists of real aggregate investment, real output, lending rate, real stock prices and stock market volatility. We obtain evidence for their long run relation and that, in the long run, real aggregate investment is positively related to real stock prices and negatively related to the stock market volatility.The generalized impulse-response fun...

  • linear_non_linear_granger_causality_between_oil_spot_futures_prices_wavelet_based.pdf.jpg
  • Journal Article


  • Authors: Alzahrani, Mohammed; Mohammed Masih, Abul Mansur; Al-Titi, Omar (2014)

  • This study is the first attempt to investigate both the linear and non-linear Granger causality between wavelet transformed spot and futures oil prices. Our findings consistently indicate bidirectional causality between the spot and futures oil markets at different time scales, under linear and non-linear causality assumptions, and also during the recent financial crisis. Our results tend to shed further light on the ongoing controversy over the relative price discovery role played by spot market as opposed to futures market in oil price fluctuations, especially during periods of high uncertainty.

  • 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...

  • Macroeconomic_activity_dynamics_and_Granger_causality_Mansur.pdf.jpg
  • Journal Article


  • Authors: Masih, Rumi; Mohammed Masih, Abul Mansur (1996)

  • The main purpose of this paper is to discern the dynamic causal chain (in the Granger (temporal) sense rather than in the structural sense) among real output, money, interest rate, inflation and the exchange rate in the context of a small Asian developing economy, such as Indonesia. The methodology employed uses various unit root tests and Johansen's cointegration test followed by vector error-correction modelling, variance decompositions, and impulse response functions in order to capture both the within-sample and out-of-sample Granger causal chain among macroeconomic activity. Given the inward-oriented growth strategy of this small developing economy, where the real output was vuln...

  • 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...

  • macroeconomics_cover.jpg.jpg
  • Book


  • Authors: Hasan, Zubair; Lehar, Habibah (2009)

  • This content of this book are spread over eleven chapters, covering four major themes: introduction to macroeconomics, tools and models, monetary and fiscal policies and income distribution. Available in physical copy only (Call Number: HB 172.5 H344)