134 research outputs found
FISCAL ADJUSTMENT AND DYNAMIC ECONOMICS PERFORMANCE: THE CASE OF MALAYSIA
No full textThe main objective of this study is to identify the link between fiscal adjustment and dynamic economic performance in Malaysia using time series data for entire period of 1980-2009. To examine the long-run relationship between fiscal adjustment and economic performance, this has study employed the Gregory-Hansen cointegration approach to capture the endogenous structural breaks in long-run equilibrium relationship with three different specifications. The finding of this study indicates that there is long-run positive cointegration relationship between fiscal adjustment and economic performance in Malaysia. Therefore, the finding of this study clearly shows that the dynamic and continuous economics performance is a key element of the successful of the stability of Malaysia’s economic in Southeast Asian region, although have faced several economic crisis.Fiscal adjustment, Economic performance, Gregory-Hansen
Zon pesisiran pantai: penjana pertumbuhan ekonomi Malaysia
No full textPertumbuhan ekonomi sering dikaitkan dengan kewujudan sumber dan etika pengurusannya. Namun, dikebanyakan negara membangun mahupun sedang membangun, khususnya negara-negara dunia ketiga, sumber menjadi elemen utama pertumbuhan ekonomi mahupun prasarana sosial. Terdapat pelbagai persoalan yang terbayang dalam minda seseorang apabila membincangkan konsep pesisiran pantai. Laut, paya bakau, pelancongan, perikanan, masyarakat nelayan, kemiskinan dan pelbagai persoalan akan bermain dalam pemikiran seseorang apabila konsep pesisiran pantai diutarakan.
Namun pada hakikatnya, ke semua persepsi dan tanggapan tersebut hanya satu pandangan yang sempit serta tidak menyeluruh berhubung konsep zon pesisiran pantai secara global. Walaupun pada dasarnya hampir 70 peratus dan permukaan bumi diliputi lautan, namun is tidak mampu diurus dengan efisien akibat dan kerakusan manusia mengejar kekayaan sumber alam yang sering diperkatakan. Kini, sumber petroleum di Kutub Utara sekalipun sudah mula dikenalpasti sebagai lokasi penerokaan sumber utama bagi beberapa buah negara maju. (Disalin daripada artikel)
Pengaruh kestabilan ekonomi, aliran fdi dan globalisasi terhadap trend pengangguran ASEAN-3
No full textUnemployment is one of the major challenges faced by most developing
countries, especially in ASEAN. This study investigates the existence of longrun
and short-run relationship between unemployment and economic
stability, foreign direct investmen
The dynamic effects of growth, financial development and trade openness on tax revenue in Malaysia
No full textThis study explores the effects of domestic financial development, growth and trade openness on tax collection for Malaysia using the ARDL and bootstrap rolling window estimates covering the period 1970-2017. The empirical results suggest that, the presence of long-run relationship between tax revenue and per capita GDP and short-run relationship between tax collection, economic growth, financial development and trade openness. We found that there is a short-run unidirectional causality running between tax collection, economic growth and financial development. This result suggests that, in the long-run, economic performance and financial development have an adverse effect on tax collection, while trade openness has no significant causality impact on tax collection in Malaysia. Based on the empirical results of the study, the country should pay more attention to enhance the effectiveness of future public expenditure programs and put more emphasiss
on dynamic fiscal policy targeting on tax reform and securing new sources of tax revenues to ensure continuous flow of long-term tax revenue coupled with sustainable economic growth, trade and financial performances in up-coming years
Kemiskinan dinamik masyarakat pulau dan pesisiran pantai: Kajian kes Pulau Perhentian
No full textMasyarakat yang mendiami kawasan pulau dan pesisiran pantai mempunyai corak kehidupan yang agak berbeza berbanding rnasyarakat yang mendiami kawasan tanah besar. Corak
kehidupan mereka sering dikaitkan dengan sumber alam semulajadi seperti sumber perikanan dan hasil kehadiran pelancongan dari dalam mahupun luar negara. Corak perolehan serta perbelanjaan mereka juga tidak seragam dan kerapkali dikaitkan dengan jurang kekayaan sesama mereka dari sudut sosio-ekonomi serta pengaruh musim. Yang menjadi persoalannya di sini ialah, kedudukan masyarakat pulau yang sering dibelenggu kemiskinan serta jauh ketinggalan dari sudut sosio-ekonomi, walaupun pada dasarnya mereka memiliki khazanah alam semulajadi yang tidak ternilai harganya. Justeru, kertas kerja ini dan meninjau punca kemiskinan di kalangan penduduk Pulau Perhentian serta kawasan pesisiran pantai yang melibatkan penumpuan khusus terhadap konsep kemiskinan secara relatif (inequality approach). Fokus utama kajian ini adalah dari sudut perolehan atau pendapatan dan perbelanjaan masyarakat pulau serta pesisiran pantai. Bagi mendapatkan kedudukan sebenar paras kemiskinan masyarakat pulau serta pesisiran pantai, kajian ini telah mengadaptasikan Model Foster-Greer Thorbecke (FGT) berbentuk indeks yang menjadi pengukur kemiskinan utama dikalangan negara membangun. Dalam pada itu, kajian ini juga akan memberikan kedudukan sosioekonomi
masyarakat pulau serta pesisiran pantai yang pada dasarnya didorong oleh perkembangan pelancongan. Kedua, kajian ini juga mampu mengupas profail kemiskinan masyarakat pulau dan pesisiran pantai yang dijana oleh faktor pelancongan. Di akhir kajian ini, beberapa intepretasi dasar akan diutarakan bagi memantap serta mengatasi ketidakseimbangan
agihan pendapatan masyarakat pulau dan pesisiran pantai
Exploring the role of energy, trade and financial development in explaining economic growth in South Africa: A revisit
No full textSouth Africa is an emerging and industrializing economy which is experiencing remarkable progress. We contend that amidst the developments in the economy, the role of energy, trade openness and financial development are critical. In this article, we revisit the pivotal role of these factors. We use the ARDL bounds [72], the Bayer and Hanck [11] cointegration techniques, and an extended Cobb–Douglas framework, to examine the long-run association with output per worker over the sample period 1971–2011. The results support long-run association between output per worker, capital per worker and the shift parameters. The short-run elasticity coefficients are as follows: energy (0.24), trade (0.07), financial development (−0.03). In the long-run, the elasticity coefficients are: trade openness (0.05), energy (0.29), and financial development (−0.04). In both the short-run and the long-run, we note the post-2000 period has a marginal positive effect on the economy. The Toda and Yamamoto [91] Granger causality results show that a unidirectional causality from capital stock and energy consumption to output; and from capital stock to trade openness; a bidirectional causality between trade openness and output; and absence (neutrality) of any causality between financial development and output thus indicating that these two variables evolve independent of each other
The nexus between tourism demand and output per capita with the relative importance of trade openness and financial development: a study of Malaysia
No full textThis article revisits the tourism-growth nexus in Malaysia using time series quarterly data over the period 1975–2013. The authors examine the impact of tourism using two separate indicators – tourism receipts per capita and visitor arrivals per capita. Using the augmented Solow production function and the autoregressive distributed lag bounds procedure, they also incorporate trade openness and financial development and account for structural breaks in series. The results show the evidence of cointegration between the variables. Assessing the long-run results using both indicators of tourism demand, it is noted that the elasticity coefficient of tourism is 0.13 and 0.10 when considering visitor arrivals and tourism receipts (in per capita terms), respectively. Notably, the impact of tourism demand is marginally higher with visitor arrivals. The elasticity of trade openness is 0.19, that of financial development is 0.09 and that of capital share is 0.15. In the short run, the coefficient of tourism is marginally negative, and for financial development and trade openness, it is 0.01 and 0.18, respectively. The Granger causality tests show bidirectional causation between tourism and output per capita, financial development and tourism and trade openness and tourism demand, duly indicating the feedback or mutually reinforcing impact between the variables and providing evidence that tourism is central to enhancing the key sectors and the overall income level
Analisis kadar pulangan pendidikan di Malaysia
No full textThis paper analysis the rate of return from investment in education at the primary, secondary, tertiary and some selected courses in the public higher learning institutions by using Cost and Benefit Analysis (CBA). The main reason
for this analysis is to compare impact of investment in education on ‘human capital’ accumulation based on social and private the return. The result of this study is very useful to look forward at the importance of investment in education. Previous studies have been used several methodology to analyse the rate of return from investment in education and from that a lot of conclusion had been
discussed. Anyway, in this study the ways of educational costing in Malaysia had been showed clearly and try to analysis the rate of return in education from various situations by using the Elaborate and Short-cut Method. Finally, a few miscellaneous aspects about the rate of return measurement in this analysis should be highlight clearly because the private and social rate of return result
in each level of education is not equal
Taxation, growth and the stock traded nexus in emerging Asian countries: heterogeneous and semi-parametric panel estimates
No full textThis study attempts to investigate the impact of economic growth and stock traded on taxation for emerging Asian countries, namely China, India, Indonesia, Republic of Korea, Malaysia and Thailand. To examine the plausible links between these indicators, we used semi-parametric, heterogeneous and panel causality analysis by employing data covering the period 1990–2014. The semi-parametric estimates indicate a U-shape effect between growth and taxation, along with elastic opposite direction effects of stock traded on taxation. This suggests that higher growth will have a positive influence on taxation in emerging Asian countries. The findings of the Dumitrescu and Hurlin (DH) heterogeneous Granger causality test revealed that there is a bi-directional causality running between growth and taxation, and a uni-directional causality running from stock traded to taxation,and from growth to stock traded.This confirms the presence of a growth-led taxation nexus in emerging Asian countries
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