Browsing by Topic Conventional finance::Economics

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Showing results 55 to 64 of 95
  • 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)

  • 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...

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


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

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

  • model_uncertainty_asset_return_predictability_application_bayesian_model_averaging_masih_mie.pdf.jpg
  • Journal Article


  • Authors: Masih, Rumi; Mohammed Masih, Abul Mansur; Mie, Killian (2010)

  • We investigate model uncertainty associated with predictive regressions employed in asset return forecasting research. We use simple combination and Bayesian model averaging (BMA) techniques to compare the performance of these forecasting approaches in short-vs. long-run horizons of S&P500 monthly excess returns. Simple averaging involves an equally-weighted averaging of the forecasts from alternative combinations of factors used in the predictive regressions, whereas BMA involves computing the predictive probability that each model is the true model and uses these predictive probabilities as weights in combing the forecasts from different models. From a given set of multiple factors,...

  • money_supply_interest_rate_liquidity_share_prices_test_their_linkage_ariff.pdf.jpg
  • Journal Article


  • Authors: Ariff, Mohamed; Tin-fah, Chung; Ramadili Mohd, Shamsher Mohamad (2012)

  • The money supply impacts on interest rate and liquidity were first proposed in 1961 by Friedman, the late Nobel laureate. The liquidity effect has yet received unanimous empirical support. Also, research interest on liquidity subsided in the 2000s. Using quarterly data over 1960–2011 and simultaneous solution to a system of equations, this paper reports positive liquidity effect from money supply. By extending the system of equations with a liquidity equation and after controlling the effect of earnings, evidence is found of a significant positive effect from liquidity on share prices. Money supply is found to be endogenous as in post Keynesian theory. These findings, obtained after s...

  • money_price_relation_malaysia_disappeared_strengthened_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H. (2010)

  • The paper analyzes empirically the money-price link for the case of Malaysia using quarterly data from 1978 to 2006. Looking at the correlations between cyclical components of monetary aggregates (M1, M2 and M3) and of the price level, we note that the significant correlations documented between money and price during 1978–1987 tend to disappear or become perverse during late 1980s and 1990s. However, for the case of M2 and M3 monetary aggregates, their significant relations with the price level reemerge during 1998–2006. While time series analyses of cointegration and vector autoregressions (VAR) are uncertain in suggesting the pre-1998 relations between broader monetary aggregates (...

  • multiple_commodities_in_statistical_microeconomics_model and_market_belal_miao_xin.pdf.jpg
  • Journal Article


  • Authors: Baaquie, Belal E.; Miao, Yu; Xin, Du (2016)

  • A statistical generalization of microeconomics has been made in Baaquie (2013). In Baaquie et al. (2015), the market behavior of single commodities was analyzed and it was shown that market data provides strong support for the statistical microeconomic description of commodity prices. The case of multiple commodities is studied and a parsimonious generalization of the single commodity model is made for the multiple commodities case. Market data shows that the generalization can accurately model the simultaneous correlation functions of up to four commodities. To accurately model five or more commodities, further terms have to be included in the model. This study shows that the statist...

  • new_evidence_from_an_alternative_methodological_approach_mansur_et_al.pdf.jpg
  • Journal Article


  • Authors: Mohammed Masih, Abul Mansur; Masih, Rumi; Hasan, Mohammad S. (1997)

  • Proposes to re-examine empirically the causal relationship between defence spending and economic growth in mainland China. First, using a VAR modelling technique with suitable diagnostics, e.g. Akaike's FPE statistics and a likelihood ratio test for over and under-fitting the causal model, the results indicate a positive unidirectional causality flowing from defence spending to economic growth. Second, by evaluating a dynamic vector error correction model, variance decomposition and impulse response functions, then analyses the direction, duration and strength of Granger-causality between defence spending and economic growth. The results broadly indicate that defence spending and econ...

  • oil_food_prices_malaysia_nonlinear_ardl_analysis_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H. (2015)

  • The present paper analyses the relations between food and oil prices for Malaysia using a nonlinear autoregressive distributed lags (NARDL) model. The bounds test of the NARDL specification suggests the presence of cointegration among the variables, which include the food price, oil price and real GDP. The estimated NARDL model affirms the presence of asymmetries in the food price behavior. Namely, in the long run, we find a significant relation between oil price increases and food price. Meanwhile, the long run relation between oil price reduction and the food price is absent. Furthermore, in the short run, only changes in the positive oil price exert significant influences on the fo...

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 55 to 64 of 95
  • 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)

  • 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...

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


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

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

  • model_uncertainty_asset_return_predictability_application_bayesian_model_averaging_masih_mie.pdf.jpg
  • Journal Article


  • Authors: Masih, Rumi; Mohammed Masih, Abul Mansur; Mie, Killian (2010)

  • We investigate model uncertainty associated with predictive regressions employed in asset return forecasting research. We use simple combination and Bayesian model averaging (BMA) techniques to compare the performance of these forecasting approaches in short-vs. long-run horizons of S&P500 monthly excess returns. Simple averaging involves an equally-weighted averaging of the forecasts from alternative combinations of factors used in the predictive regressions, whereas BMA involves computing the predictive probability that each model is the true model and uses these predictive probabilities as weights in combing the forecasts from different models. From a given set of multiple factors,...

  • money_supply_interest_rate_liquidity_share_prices_test_their_linkage_ariff.pdf.jpg
  • Journal Article


  • Authors: Ariff, Mohamed; Tin-fah, Chung; Ramadili Mohd, Shamsher Mohamad (2012)

  • The money supply impacts on interest rate and liquidity were first proposed in 1961 by Friedman, the late Nobel laureate. The liquidity effect has yet received unanimous empirical support. Also, research interest on liquidity subsided in the 2000s. Using quarterly data over 1960–2011 and simultaneous solution to a system of equations, this paper reports positive liquidity effect from money supply. By extending the system of equations with a liquidity equation and after controlling the effect of earnings, evidence is found of a significant positive effect from liquidity on share prices. Money supply is found to be endogenous as in post Keynesian theory. These findings, obtained after s...

  • money_price_relation_malaysia_disappeared_strengthened_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H. (2010)

  • The paper analyzes empirically the money-price link for the case of Malaysia using quarterly data from 1978 to 2006. Looking at the correlations between cyclical components of monetary aggregates (M1, M2 and M3) and of the price level, we note that the significant correlations documented between money and price during 1978–1987 tend to disappear or become perverse during late 1980s and 1990s. However, for the case of M2 and M3 monetary aggregates, their significant relations with the price level reemerge during 1998–2006. While time series analyses of cointegration and vector autoregressions (VAR) are uncertain in suggesting the pre-1998 relations between broader monetary aggregates (...

  • multiple_commodities_in_statistical_microeconomics_model and_market_belal_miao_xin.pdf.jpg
  • Journal Article


  • Authors: Baaquie, Belal E.; Miao, Yu; Xin, Du (2016)

  • A statistical generalization of microeconomics has been made in Baaquie (2013). In Baaquie et al. (2015), the market behavior of single commodities was analyzed and it was shown that market data provides strong support for the statistical microeconomic description of commodity prices. The case of multiple commodities is studied and a parsimonious generalization of the single commodity model is made for the multiple commodities case. Market data shows that the generalization can accurately model the simultaneous correlation functions of up to four commodities. To accurately model five or more commodities, further terms have to be included in the model. This study shows that the statist...

  • new_evidence_from_an_alternative_methodological_approach_mansur_et_al.pdf.jpg
  • Journal Article


  • Authors: Mohammed Masih, Abul Mansur; Masih, Rumi; Hasan, Mohammad S. (1997)

  • Proposes to re-examine empirically the causal relationship between defence spending and economic growth in mainland China. First, using a VAR modelling technique with suitable diagnostics, e.g. Akaike's FPE statistics and a likelihood ratio test for over and under-fitting the causal model, the results indicate a positive unidirectional causality flowing from defence spending to economic growth. Second, by evaluating a dynamic vector error correction model, variance decomposition and impulse response functions, then analyses the direction, duration and strength of Granger-causality between defence spending and economic growth. The results broadly indicate that defence spending and econ...

  • oil_food_prices_malaysia_nonlinear_ardl_analysis_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H. (2015)

  • The present paper analyses the relations between food and oil prices for Malaysia using a nonlinear autoregressive distributed lags (NARDL) model. The bounds test of the NARDL specification suggests the presence of cointegration among the variables, which include the food price, oil price and real GDP. The estimated NARDL model affirms the presence of asymmetries in the food price behavior. Namely, in the long run, we find a significant relation between oil price increases and food price. Meanwhile, the long run relation between oil price reduction and the food price is absent. Furthermore, in the short run, only changes in the positive oil price exert significant influences on the fo...