Though there is overwhelming evidence of long-term dependence in stock returns series, relatively less attention has been given to explore the factors that generate these long memory effects. Using the Hurst exponents reported by Cajueiro and Tabak (2007) for 41 countries and the available classification of legal systems, this paper explores whether cross-country variations in… Continue reading Long-Term Dependence in World Stock Markets: Does Legal Origin Matter?
Category: Economics
Estimating Monetary Policy Rules: An Optimal Monetary Conditions Index for Malaysia
Based on the concept of the monetary conditions index (MCI) to underscore the important role of the interest rate parity, the paper attempts to estimate a model of optimal monetary policy for open emerging market economies. It is designed to shed a light of significance of the internal and external equilibrium and provide the basis… Continue reading Estimating Monetary Policy Rules: An Optimal Monetary Conditions Index for Malaysia
Detecting Rational Speculative Bubbles in the Malaysian Stock Market
The study investigates the presence of rational speculative bubbles in Malaysian stock market by employing duration dependence test using the Weibull’s hazard model and Log Logistic hazard model. Using abnormal monthly real returns, we report the existence of rational speculative bubbles in Malaysian stock market in before (1994–1996) and after (1999–2003) the Asian Financial Crisis… Continue reading Detecting Rational Speculative Bubbles in the Malaysian Stock Market
Malaysia looking to gain export edge
The article provides information on the 14th annual Malaysian International Furniture Fair in Kuala Lumpur, Malaysia. The show’s attendance was 19,549, with 6.5% coming the U.S. and Canada, 20.9% from Europe, 12.4% from the Middle East and the rest from other Asian countries with strong economies. Orders generated by the show exceeded the expectation of… Continue reading Malaysia looking to gain export edge
Bright Future For Islamic Finance
The article presents the economic outlook for Malaysia from 2007 to 2010. Islamic financial services products are expected to increase by 73% in 2007 and are projected to strengthen in coming years. The country is forecast to maintain its position as the world’s leader in Islamic banking and finance. The country introduced a number of… Continue reading Bright Future For Islamic Finance
Knowledge Management, Innovation, Economic Development
Knowledge propels growth in the knowledge-based economy, be it the growth of a company, an industry, or even a country. According to Toffler, knowledge is the ultimate power. Author: Quah Boon Huat. Publication: MIERScan, 16 June 2008. Download
Panel Tests of Stochastic Convergence in the States of Malaysia: Some Empirical Evidence
The paper uses two panel unit root procedures to test stochastic convergence for 14 states in Malaysia, for the period 1960-2003. Stochastic convergence implies that idiosyncratic country-specific factors cannot explain long-run economic growth, and that shocks to relative regional real per capita Gross Domestic Product (GDP) have temporary effects. In this case, real per capita… Continue reading Panel Tests of Stochastic Convergence in the States of Malaysia: Some Empirical Evidence
The Returns to Education Over Time: The Malaysian Outlook, 1984-1997
The results in this paper show that the relative demand for higher educated workers have been increasing amidst increasing relative supply for the period of analysis. Relative wages for this period have also been increasing, highlighting the possibility of an increased demand for higher educated workers in Malaysia. Our results also show that there are… Continue reading The Returns to Education Over Time: The Malaysian Outlook, 1984-1997
Perusahaan Kecil dan Sederhana (PKS): Kajian Kes Zon Pesisir Pantai Semenanjung Malaysi
The article elaborates the potential of SMI in the economy development of Eastcoast, Peninsula. Article written in Malay. Publication: 4th International Malaysian Studies Conference; 3-5 August 2004, Universiti Kebangsaan Malaysia, Bangi. Nanthakumar a/l Loganathan, Mohd. Najit B. Sukemi & Mohd. Nasir B. Nawawi. Download
Perbankan Islam Dan Penerimaan Masyarakat Di Terengganu
The purpose of this research is to study the acceptance of the community in Terengganu towards Islamic banking. The findings revealed that majority of customers have a lack of knowledge and information about Islamic banking. They do not understand the principles of Syariah which were applied in product/services such as Bai’ Bithaman Ajil, Ijarah and… Continue reading Perbankan Islam Dan Penerimaan Masyarakat Di Terengganu