Browsing by Topic Conventional finance

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Showing results 239 to 248 of 270
  • Tax_evasion_tax_burden_and_economic_development_in_Asean_5_baharom.pdf.jpg
  • Journal Article


  • Authors: Din, Badariah H.; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2018)

  • Tax evasion is a crime. Recent estimates registered the loss of tax revenue amounting to USD3.1 trillion or 5.1% of world's GDP. Tax revenue losses have negative consequences to the government ability to fuelled economic growth by providing enough public infrastructure and other services. In this study we have estimated the share of shadow economy to the official economy for five ASEAN economies, namely; Indonesia, Malaysia, the Philippines, Singapore and Thailand for the period 1980-2013 using the MIMIC model. The indexes of the shadow economy from the MIMIC model were then used to calculate the loss in tax revenue as a result of the presence of the shadow economy. We then test the h...

  • technical_efficiency_manufactured_rubber_product_malaysia_stochastic_frontier_analysis_baharom.pdf.jpg
  • Journal Article


  • Authors: Radam, Alias; Ahali, Noor Maliza; Abdul Hamid, Baharom (2012)

  • This paper investigates the technical efficiencies of rubber product manufacturing industry in Malaysia. We employed Stochastic Frontier Analysis (SFA). Secondary data from 313 firms that manufacture rubber product was obtained from the Annual Survey Of Manufacturing Industries 2004 by Department of Statistics Malaysia. Variables that are included in this are such as capital (RM), labor, and energy. Results clearly show that the mean technical efficiency of manufactured rubber product industry in Malaysia is 0.70328 or 70.33 percent. Majority of the firms are also fairly efficient in the use of available resources. Some technical assistance such as training programs for the proprietor...

  • temporal_causality_dynamic_interactions_among_macroeconomic_activity_mansur masih.pdf.jpg
  • Journal Article


  • Authors: Mohammed Masih, Abul Mansur; Masih, Rumi (1995)

  • The main purpose of this paper is to discern the dynamic causal relationship (in the Granger (temporal) sense) among real output, money, interest rate, inflation and exchange rate in the context of two small open economies, such as Singapore and Korea. The Granger-causal chain implied by the authors' evidence that real output more often the authors' predominantly leads (rather than lags) money supply followed by other three endogenous variables, is consistent more with the recent Real Business Cycle theory than with the other two major macroeconomic paradigms such as the Keynesian and the Monetarist.

  • item.jpg
  • Journal Article


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

  • Hale and Sabbagh (1991) failed to find cointegration (i.e. a long-term equilibrium relationship) between crime and unemployment in the case of England and Wales. The present study (based on multiple cointegration tests preceded by various unit root or non-stationarity tests) is the first attempt at putting the analysis of crime in a temporal Granger-causal framework in the Australian case (1963-90) by binding the relationship between different categories of crime and their socioeconomic determinants within a multivariate cointegrated system. The results, based on the most recent methodology, broadly indicate that, although the relative importance of the determinants of crime varied by...

  • testing_service-led_investment-led_hypothesis_evidence_chindia_baharom.pdf.jpg
  • Journal Article


  • Authors: Abdul Hamid, Baharom; Habibullah, Muzafar Shah; R. C., Royfaizal (2009-03-01)

  • This study examines the meaningful relationship between economic growth, and service sector contribution and domestic investment in two major Asian economies, namely India and China. Autoregressive Distributed Lag (ARDL) bounds testing procedure is employed to analyze the impact of the selected variables namely (1) contribution by the service sector, (2) (4) domestic investment on economic growth and vice versa. The period of interest is 1960-2005 using annual data. The empirical results demonstrate that for the case of India, there is (1) a unidirectional causality from domestic investment to economic growth and (2) from economic growth to services. As for China, only unidirectional ...

  • Testing regional convergence hypothesis using time-series data sectoral evidence_baharom.pdf.jpg
  • Journal Article


  • Authors: Mohd Tahir, Hirnissa; Awang Marikan, Dayang Affizzah; Abdul Hamid, Baharom (2011)

  • Almost five decades, disparity in income across states in Malaysia continues to be a matter of concern. The existence of regional inequalities and the prospects that these inequalities may widen were recognized by the Malaysian government. The nine volumes of the 5-Year Malaysia Plans reflects the sincerity of the Malaysian government in eradicating if not elevating the problem of regional or states imbalances. The objective of the present study is to investigate stochastic convergence among three regions (Peninsular Malaysia, Sabah and Sarawak) in Malaysia using sectoral data. Using annual data for the period 1968 to 2003 we found that Malaysia's sectoral data exhibit strong and weak...

  • tests_different_variants_monetary_model_developing_economy_malaysian_experience_pre-_post-crisis_periods_mansur.pdf.jpg
  • Journal Article


  • Authors: Lee, Chin; Azali, M.; Mohammed Masih, Abul Mansur (2009)

  • This study examines the validity of four different variants of the monetary model of exchange rate determination for Malaysia covering both the preand post-crisis periods using the vector error-correction models. The findings demonstrate that for both periods, the variables used are cointegrated. Tests tend to suggest that of the four variants of monetary model, the sticky-price model holds in both periods and the flexible-price model holds only in the post-crisis period. The proportionality between the exchange rate and relative money does not hold in any period. The plotted actual and fitted exchange rates for both sub-samples show that the models are able to track the actual exchan...

  • behaviour_ MENA_oil_non_oil_producing_countries _international_portfolio_optimization_shamser.pdf.jpg
  • Journal Article


  • Authors: Mansourfar, Gholamreza; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2010)

  • It is well documented in developed economies that portfolio investment across national borders brings benefits of increasing returns and/or reducing risk. Dividing MENA stock markets into two main groups (oil producing and non-oil producing countries), this study examines the potential role of each group in providing diversification benefits for international investors. In addition, the behavior of the long and the short-run Efficient Frontiers (EFs) constructed by each of the sub-groups and the combined MENA markets is explored. Multi-objective international portfolio models are proposed under Mean-Variance and Mean-Lower Partial Moment frameworks, and the Multiple Fitness Function G...

  • item.jpg
  • Journal Article


  • Authors: Abdul Hamid, Baharom; Habibullah, Muzafar Shah; Mohamed, Azali; Chow, Li Shen (2011)

  • This study examines the fundamental determinants of the real exchange rate in Thailand during the period of 1976-2006, using the Bounds testing approach suggested by Pesaran et al. (2001). Three main fundamentals are used to identify the RER, namely, the productivity differentials (proxied by GDP per capita), the net foreign assets position (proxied by the current account balance, CAB), and the real interest rate differential (RIR). The empirical results demonstrate stable long run relationship between the real exchange rate (RER) and GDP per capita (GDPPC), real interest rate (RIR) and current account balance (CAB).

  • item.jpg
  • Journal Article


  • Authors: V. Rasiah, R. Ratneswary; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2015)

  • This study seeks to investigate the economic antecedents of happiness by employing the Mean Group (MG), Pooled Mean Group (PMG) and the Dynamic Fixed Effects (DFE) estimators to analyse a set of macro panel data on selected OECD countries for 40 years from 1973 to 2012. The results show evidence that income and unemployment have a favourable impact on happiness, while happiness is hindered by inflation and income inequality. Surprisingly, the study revealed that institutional quality is not a significant antecedent of happiness. It is worth noting the importance of the reference group theory or relative theory of happiness and the set-point theory of happiness in explaining the role p...

Browsing by Topic Conventional finance

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 239 to 248 of 270
  • Tax_evasion_tax_burden_and_economic_development_in_Asean_5_baharom.pdf.jpg
  • Journal Article


  • Authors: Din, Badariah H.; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2018)

  • Tax evasion is a crime. Recent estimates registered the loss of tax revenue amounting to USD3.1 trillion or 5.1% of world's GDP. Tax revenue losses have negative consequences to the government ability to fuelled economic growth by providing enough public infrastructure and other services. In this study we have estimated the share of shadow economy to the official economy for five ASEAN economies, namely; Indonesia, Malaysia, the Philippines, Singapore and Thailand for the period 1980-2013 using the MIMIC model. The indexes of the shadow economy from the MIMIC model were then used to calculate the loss in tax revenue as a result of the presence of the shadow economy. We then test the h...

  • technical_efficiency_manufactured_rubber_product_malaysia_stochastic_frontier_analysis_baharom.pdf.jpg
  • Journal Article


  • Authors: Radam, Alias; Ahali, Noor Maliza; Abdul Hamid, Baharom (2012)

  • This paper investigates the technical efficiencies of rubber product manufacturing industry in Malaysia. We employed Stochastic Frontier Analysis (SFA). Secondary data from 313 firms that manufacture rubber product was obtained from the Annual Survey Of Manufacturing Industries 2004 by Department of Statistics Malaysia. Variables that are included in this are such as capital (RM), labor, and energy. Results clearly show that the mean technical efficiency of manufactured rubber product industry in Malaysia is 0.70328 or 70.33 percent. Majority of the firms are also fairly efficient in the use of available resources. Some technical assistance such as training programs for the proprietor...

  • temporal_causality_dynamic_interactions_among_macroeconomic_activity_mansur masih.pdf.jpg
  • Journal Article


  • Authors: Mohammed Masih, Abul Mansur; Masih, Rumi (1995)

  • The main purpose of this paper is to discern the dynamic causal relationship (in the Granger (temporal) sense) among real output, money, interest rate, inflation and exchange rate in the context of two small open economies, such as Singapore and Korea. The Granger-causal chain implied by the authors' evidence that real output more often the authors' predominantly leads (rather than lags) money supply followed by other three endogenous variables, is consistent more with the recent Real Business Cycle theory than with the other two major macroeconomic paradigms such as the Keynesian and the Monetarist.

  • item.jpg
  • Journal Article


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

  • Hale and Sabbagh (1991) failed to find cointegration (i.e. a long-term equilibrium relationship) between crime and unemployment in the case of England and Wales. The present study (based on multiple cointegration tests preceded by various unit root or non-stationarity tests) is the first attempt at putting the analysis of crime in a temporal Granger-causal framework in the Australian case (1963-90) by binding the relationship between different categories of crime and their socioeconomic determinants within a multivariate cointegrated system. The results, based on the most recent methodology, broadly indicate that, although the relative importance of the determinants of crime varied by...

  • testing_service-led_investment-led_hypothesis_evidence_chindia_baharom.pdf.jpg
  • Journal Article


  • Authors: Abdul Hamid, Baharom; Habibullah, Muzafar Shah; R. C., Royfaizal (2009-03-01)

  • This study examines the meaningful relationship between economic growth, and service sector contribution and domestic investment in two major Asian economies, namely India and China. Autoregressive Distributed Lag (ARDL) bounds testing procedure is employed to analyze the impact of the selected variables namely (1) contribution by the service sector, (2) (4) domestic investment on economic growth and vice versa. The period of interest is 1960-2005 using annual data. The empirical results demonstrate that for the case of India, there is (1) a unidirectional causality from domestic investment to economic growth and (2) from economic growth to services. As for China, only unidirectional ...

  • Testing regional convergence hypothesis using time-series data sectoral evidence_baharom.pdf.jpg
  • Journal Article


  • Authors: Mohd Tahir, Hirnissa; Awang Marikan, Dayang Affizzah; Abdul Hamid, Baharom (2011)

  • Almost five decades, disparity in income across states in Malaysia continues to be a matter of concern. The existence of regional inequalities and the prospects that these inequalities may widen were recognized by the Malaysian government. The nine volumes of the 5-Year Malaysia Plans reflects the sincerity of the Malaysian government in eradicating if not elevating the problem of regional or states imbalances. The objective of the present study is to investigate stochastic convergence among three regions (Peninsular Malaysia, Sabah and Sarawak) in Malaysia using sectoral data. Using annual data for the period 1968 to 2003 we found that Malaysia's sectoral data exhibit strong and weak...

  • tests_different_variants_monetary_model_developing_economy_malaysian_experience_pre-_post-crisis_periods_mansur.pdf.jpg
  • Journal Article


  • Authors: Lee, Chin; Azali, M.; Mohammed Masih, Abul Mansur (2009)

  • This study examines the validity of four different variants of the monetary model of exchange rate determination for Malaysia covering both the preand post-crisis periods using the vector error-correction models. The findings demonstrate that for both periods, the variables used are cointegrated. Tests tend to suggest that of the four variants of monetary model, the sticky-price model holds in both periods and the flexible-price model holds only in the post-crisis period. The proportionality between the exchange rate and relative money does not hold in any period. The plotted actual and fitted exchange rates for both sub-samples show that the models are able to track the actual exchan...

  • behaviour_ MENA_oil_non_oil_producing_countries _international_portfolio_optimization_shamser.pdf.jpg
  • Journal Article


  • Authors: Mansourfar, Gholamreza; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2010)

  • It is well documented in developed economies that portfolio investment across national borders brings benefits of increasing returns and/or reducing risk. Dividing MENA stock markets into two main groups (oil producing and non-oil producing countries), this study examines the potential role of each group in providing diversification benefits for international investors. In addition, the behavior of the long and the short-run Efficient Frontiers (EFs) constructed by each of the sub-groups and the combined MENA markets is explored. Multi-objective international portfolio models are proposed under Mean-Variance and Mean-Lower Partial Moment frameworks, and the Multiple Fitness Function G...

  • item.jpg
  • Journal Article


  • Authors: Abdul Hamid, Baharom; Habibullah, Muzafar Shah; Mohamed, Azali; Chow, Li Shen (2011)

  • This study examines the fundamental determinants of the real exchange rate in Thailand during the period of 1976-2006, using the Bounds testing approach suggested by Pesaran et al. (2001). Three main fundamentals are used to identify the RER, namely, the productivity differentials (proxied by GDP per capita), the net foreign assets position (proxied by the current account balance, CAB), and the real interest rate differential (RIR). The empirical results demonstrate stable long run relationship between the real exchange rate (RER) and GDP per capita (GDPPC), real interest rate (RIR) and current account balance (CAB).

  • item.jpg
  • Journal Article


  • Authors: V. Rasiah, R. Ratneswary; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2015)

  • This study seeks to investigate the economic antecedents of happiness by employing the Mean Group (MG), Pooled Mean Group (PMG) and the Dynamic Fixed Effects (DFE) estimators to analyse a set of macro panel data on selected OECD countries for 40 years from 1973 to 2012. The results show evidence that income and unemployment have a favourable impact on happiness, while happiness is hindered by inflation and income inequality. Surprisingly, the study revealed that institutional quality is not a significant antecedent of happiness. It is worth noting the importance of the reference group theory or relative theory of happiness and the set-point theory of happiness in explaining the role p...