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The less developed states are converging to the richer state in Malaysia: an empirical investigation with some robust results

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dc.contributor.authorMuzafar Shah Habibullah
dc.contributor.authorBadariah H. Din
dc.contributor.authorNur Azura Sanusi
dc.contributor.authorBaharom Abdul Hamid
dc.date.accessioned2019-02-06T14:12:26Z
dc.date.available2019-02-06T14:12:26Z
dc.date.issued2018
dc.description.abstractThe present paper addresses the question whether the less developed states, namely; Kedah, Kelantan, Pahang, Perlis, Sabah, Sarawak and Terengganu are converging with the richer state of Selangor, using unit root test and cointegration approach to test for income convergence for the period 1970-2013. We tested convergence on per capita real GDP for the states involved and the results suggest that the less developed states have been converging to the state of Selangor for the period under study. We also identify two convergence clubs among the states. In this respect, the state government has an important role to play in enhancing growth by continuously providing stable economic environment for investment and other productive economic activities. Without the Five-Year Malaysia Plans, this convergence phenomenon could not have been achieved in Malaysia. To ensure further convergence can take place at a faster rate in the future, government efforts and policies to foster narrowing states' income disparity has to be enforced further.en_US
dc.goalsGoal 1
dc.identifier.citationHabibullah, M. S., Din, B. H., Sanusi, N. A., & Abdul Hamid, B. (2018). The less developed states are converging to the richer state in Malaysia: an empirical investigation with some robust results. International Journal of Economics and Management, 12(52), 549-566.en_US
dc.identifier.issn1823-836X (print)
dc.identifier.issn2600-9390 (e-ISSN)
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3044
dc.languageEnglish
dc.language.isoengen_US
dc.publisherFaculty of Economics and Management, UPMen_US
dc.rights2018. Faculty of Economics and Management, UPM
dc.sourceSEDONA
dc.subjectIncome convergenceen_US
dc.subjectUnit rooten_US
dc.subjectCointegrationen_US
dc.subjectConvergence-clubsen_US
dc.subjectStates GDPen_US
dc.subjectMalaysiaen_US
dc.titleThe less developed states are converging to the richer state in Malaysia: an empirical investigation with some robust resultsen_US
dc.typeJournal Articleen_US
dlc.maintopicConventional finance
dlc.maintopicConventional finance::Economics
dlc.subtopicEconomics
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.goalGoal 1
ikr.topic.maintopicConventional financeen_US
ikr.topic.subtopicConventional finance::Economicsen_US
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relation.isAuthorOfPublication.latestForDiscovery219f93a8-b38f-400c-981f-6a7162e44a2f
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