 Journal Article
Authors: Ibrahim, Mansor H. (2009)  The paper assesses the transmission of foreign inflationary disturbances for Malaysia. Using quarterly data from 1971 to 2003, we form a fourvariable vector error correction model (VECM) consisting of domestic prices, US prices, Ringgit exchange rate and relative interest rate. Apart from the fullsample analysis, recursive and rolling regressions are adopted to examine potential changes in infl ation transmission from the US to Malaysia. As a basis for inferences, we rely on the speed of adjustments estimates as well as the significance of lagged fi rstdifferenced terms of the VECM. The results unequivocally suggest significant spillover of US infl ationary disturbances to Malaysia...

 Journal Article
Authors: Muhamad Sori, Zulkarnain (2009)  This study seeks to examine the use of Accounting Information Systems (AIS) by ZBMS Sdn. Bhd., and it's contribution to the knowledge management and strategic role of the organisation. ZBMS is a company that registered in Kuala Lumpur and operate in construction industry. The company used automated AIS known as Contract Plus Financial & Project Accounting package commercially developed by a private company (ZYXW). Wide variety of people that involve in the company's operation within and outside the organisation uses accounting information generated by this system for decisionmaking. Based on input provided by operational level managers, the Contract Plus software produces monthly pro...

 Journal Article
Authors: Baaquie, Belal E. (2013)  An action having an acceleration term in addition to the usual velocity term is analyzed. The quantum mechanical system is directly defined for Euclidean time using the path integral. The Euclidean Hamiltonian is shown to yield the acceleration Lagrangian and the path integral with the correct boundary conditions. Due to the acceleration term, the state space depends on both position and velocity, and hence the Euclidean Hamiltonian depends on two degrees of freedom. The Hamiltonian for the acceleration system is nonHermitian and can be mapped to a Hermitian Hamiltonian using a similarity transformation; the matrix elements of this unbounded transformation is explicitly evaluated. Th...

 Journal Article
Authors: Baaquie, Belal E. (2013)  The Euclidean action with acceleration has been analyzed in Ref. 1, and referred to henceforth as Paper I, for its Hamiltonian and path integral. In this paper, the state space of the Hamiltonian is analyzed for the case when it is pseudoHermitian (equivalent to a Hermitian Hamiltonian), as well as the case when it is inequivalent. The propagator is computed using both creation and destruction operators as well as the path integral. A state space calculation of the propagator shows the crucial role played by the dual state vectors that yields a result impossible to obtain from a Hermitian Hamiltonian. When it is not pseudoHermitian, the Hamiltonian is shown to be a direct sum of Jor...

 Journal Article
Authors: Mohammed Masih, Abul Mansur; Ryan, Vicky (2010)  This paper aims to examine the relationship between the rate of interest on the key instrument of monetary policy in Australia, the overnight cash rate and the debt instruments comprising the Australian Government Yield curve, during the climate of low inflation and transparent monetary policy in Australia since the early 1990s. This relationship is fitted to an Expectations Theory based function. The methods applied are the errorcorrection and variance decompositions techniques including the most recently developed ‘long run structural modelling’ (Pesaran and Shin, 2002). The findings indicate that, contrary to common belief, longerterm interest rates more often than not tend to le...

 Journal Article
Authors: Ibrahim, Mansor H. (2010)  The present paper analyzes the role of stock market returns as a predictor of real output for a fastgrowing emerging market, Malaysia. In the analysis, forecasting equations for 1, 2, 4, and 8quarter forecasting horizons based on autoregressive distributed lags framework are adopted. From the estimation, we find evidence that stock market returns do contain predictive ability at shortforecasting horizons, especially at less than 4quarter horizons. Estimating the forecasting models recursively, we note reduction of outofsample forecasting evaluation statistics, namely the mean absolute errors (MAE) and the mean squared forecast errors (MSFE), from those obtained from the simpl...

 Academic Proceeding
Authors: V. Rasiah, R. Ratneswary; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2012)  There has been a tremendous growth in the number of empirical research on happiness by economists in the past decade. The present study is in the right direction as it explores a relatively intriguing area of research on the 'economics of happiness'. The purpose of this study is to find the existence of linkages between happiness and several economic variables. A crosssectional econometric analysis is employed to examine the impact of the economic variables of income (Gross Domestic Product per capita), health care expenditure and pollution (proxies by CO2 emissions) on happiness across 42 countries in 2006. The findings indicate that a significantly positive relationship exists betw...

 Academic Presentation
Authors: Abdul Hamid, Baharom (2014)  Malaysia has witnessed strong sustained growth over the last three decades, growing at an average annual rate of 5.8%. This sustained growth performance has been accompanied by significant structural shifts in the economy, reflecting the transformation of the Malaysian economy amid the changing global and domestic environment.

 Academic Presentation
Authors: Abdul Hamid, Baharom (2014)  Malaysia has a long history of internationally valued exports, being known from the early centuries A.D. as a source of gold, tin and exotics such as birds’ feathers, edible birds’ nests, aromatic woods, tree resins etc. The commercial importance of the area was enhanced by its strategic position athwart the seaborne trade routes from the Indian Ocean to East Asia.

 Journal Article
Authors: Georgievski, Alex; Mohammed Masih, Abul Mansur (2004)  An issue in the pricing of contingent claims is whether to account for consumption risk. This is relevant for contingent claims on stock indices, such as the FTSE 100 share price index, as investor's desire for smooth consumption is often used to explain risk premiums on stock market portfolios, but is not used to explain risk premiums on contingent claims themselves. This paper addresses this fundamental question by allowing for consumption in an economy to be correlated with returns. Daily data on the FTSE 100 share price index are used to compare three option pricing models: the BlackScholes option pricing model, a GARCH (1, 1) model priced under a riskneutral framework, and aGAR...
