Amanah Pelaburan Hartanah Islam (I-REIT) di Malaysia: analisis hubungan keseimbangan dengan pemboleh ubah makroekonomi

Malaysia kini dianggap sebagai pemimpin dalam pembiayaan Islam sehingga pengalamannya merintis pelbagai cabang pembiayaan Islam dapat menjadi petunjuk kepada mereka yang sedang atau merancang untuk menurut jejak langkah Malaysia dalam bidang ini. Artikel ini bertujuan untuk mengenal pasti kewujudan hubungan jangka panjang dan pendek antara pemboleh ubah Amanah Pelaburan Hartanah Islam (Islamic Real Estate Investment Trust) dengan pemboleh ubah makroekonomi di Malaysia. Data yang digunakan dalam kajian ini adalah data bulanan dari Disember 2008 hingga Disember 2013 dan dianalisis menggunakan model Vektor Autoregresif (VAR) yang piawai. Dapatan kajian menunjukkan wujudnya hubungan jangka panjang antara Amanah Pelaburan Hartanah Islam dengan Indeks Harga Pengguna, Indeks Pengeluaran Industri, Kadar Pelaburan antara Bank secara Islam, Kadar Tukaran Asing dan FTSE Bursa Malaysia Emas Syariah Indeks. Berdasarkan kepada hasil ujian VECM, didapati bahawa IREIT bukan penyebab Granger jangka pendek kepada semua pemboleh ubah makroekonomi, tetapi pemboleh ubah Indeks Pengeluar Industri, Indeks Harga Pengguna dan Penawaran Wang merupakan penyebab Granger jangka pendek kepada pemboleh ubah I-REIT. Oleh itu, didapati prestasi I-REIT banyak dipengaruhi oleh pemboleh ubah makroekonomi di Malaysia

Flying Geese of Japan: Asian Electronic Industry

Although Japan is known as the largest electronics goods manufacturer, many Japanese companies are facing high cost production due to limited resources. Some Asian countries have been proven to surpass Japan due to their low cost production and cheaper labour. This study analyse the development of Asian leading electronic industries and validity Japan as the flying geese in Asian electronic industries. The empirical result shows that all Asian countries are divergence except Italy, India, United Kingdom and Indonesia. The study suggest that each of the Asian convergence countries should cooperate, give their obligation and commitment to track in the same direction of economic structure, political will and the income distribution of a country. This action could promote economic integration between Asian countries as a whole

The influence of 4P marketing on housewives’ spending patterns in Malaysia

The main focus of this study is to examine the demographic and psychological factors which influenced the spending patterns of housewives in Malaysia with special emphasis on the role of the 4P (product, price, promotion, place) marketing. Based on the factors, a total of 31 problem statements related to the attitude and the buying decision of housewives were designed. The findings showed that the price factor played an important part in influencing housewives’ spending attitude compared to the factors. By contrast, the location factor (place) was the least important factor in determining the housewives’ spending decision. The study also proved that housewives in Malaysia spent their money according to the household needs. Such attitudinal and decision-making pattern of the housewives means that the government’s regulation of consumer prices should work towards controlling inflation in Malaysia

Relationship between Education Expenditure, Capital, Labor Force and Economic Growth in Malaysia

Educational institutions play important role in producing highly educated communities. Investment in education an opportunities expansion to obtain higher education has become main economic development agenda in many countries, including Malaysia. Therefore, this study is conducted to examine the relationship between government expenditure and economic growth from 1970 to 2013. By using Cobb-Douglas Production Function in developing Multiple Regression Linear Model, the results show a significant and positive relationship between education expenditure and Malaysian economic growth. The findings further suggest that capital and labor force also influence economic growth in the long run

The influence of 4P marketing on housewives’ spending patterns in Malaysia

The main focus of this study is to examine the demographic and psychological factors which influenced the spending patterns of housewives in Malaysia with special emphasis on the role of the 4P (product, price, promotion, place) marketing. Based on the factors, a total of 31 problem statements related to the attitude and the buying decision of housewives were designed. The findings showed that the price factor played an important part in influencing housewives’ spending attitude compared to the factors. By contrast, the location factor (place) was the least important factor in determining the housewives’ spending decision. The study also proved that housewives in Malaysia spent their money according to the household needs. Such attitudinal and decision-making pattern of the housewives means that the government’s regulation of consumer prices should work towards controlling inflation in Malaysia

Empirical analysis on exchange rate fluctuation and sectoral stock returns in Malaysia

The purpose of this study is to observe the impact of the exchange rate fluctuation in Malaysia on sectors stock returns by using an augmented standard capital asset pricing model from October, 1992 to December, 2015. This paper extends previous studies on exchange rate fluctuation for the case of Malaysia by estimating the augmented capital asset pricing model for the price indexes sectors, including financial, plantation, properties, industrial, tin and mining, trade and services, consumer products and construction sector indexes. Moreover, this study also expands the literature by adapting the modelling proposed by Ibrahim (2008) by considering the exchange rate volatility, Asian financial crisis dummy and pegging exchange rate dummy. Such an analysis significant in part because of the importance of exchange rate fluctuation as drivers of sectoral returns. In general this study successfully documented the exchange rate fluctuation scenario in Malaysia. Overall, the result suggests that the exchange rate fluctuation in Malaysia can be categorized as the long memory in the volatility process. The results further suggest the sectors are largely affected by the currency fluctuated

Empirical Analysis on Exchange Rate Fluctuation and Sectoral Stock Returns in Malaysia

The purpose of this study is to observe the impact of the exchange rate fluctuation in Malaysia on sectors stock returns by using an augmented standard capital asset pricing model from October, 1992 to December, 2015. This paper extends previous studies on exchange rate fluctuation for the case of Malaysia by estimating the augmented capital asset pricing model for the price indexes sectors, including financial, plantation, properties, industrial, tin and mining, trade and services, consumer products and construction sector indexes. Moreover, this study also expands the literature by adapting the modelling proposed by Ibrahim (2008) by considering the exchange rate volatility, Asian financial crisis dummy and pegging exchange rate dummy. Such an analysis significant in part because of the importance of exchange rate fluctuation as drivers of sectoral returns. In general this study successfully documented the exchange rate fluctuation scenario in Malaysia. Overall, the result suggests that the exchange rate fluctuation in Malaysia can be categorized as the long memory in the volatility process. The results further suggest the sectors are largely affected by the currency fluctuated

The Determinants of Carbon Dioxide Emissions in Malaysia and Singapore

The focal aim of this paper is to examine the relationship between total energy consumption, Gross Domestic Product, urbanization, trade openness and financial development on carbon dioxide (CO2) emissions. The study focuses on two selected ASEAN countries namely, Malaysia and Singapore, due to their major contribution in CO2 emissions among other ASEAN countries, after Brunei. This study adopts the quarterly time series data from Q1:2010 to Q1:2020. By utilizing the linear ARDL method, the presence of a positive and long-term relationship was confirmed between the variables for both countries. The findings also validate the Environment Kuznets hypothesis namely, that CO2 emissions will continue to rise until the national income reaches optimum point and beyond this environment quality will begin to improve. The results established that financial development helps to reduce CO2 emissions in both the short- and long-run. Further, trade openness tends to reduce CO2 in Malaysia. For Singapore however, it reduces CO2 in the short-run but not in the long-run. In general the study reveals that the relationship between emissions of CO2 and economic development is U-shaped, for both countries. For future sustainable environment the study implies that specific financial planning towards green technology is necessary to sustain a better environment. Economic growth of the country is therefore more meaningful if accompanied with a sustainable environment for future generations.</p

The Determinants of Carbon Dioxide Emissions in Malaysia and Singapore

The focal aim of this paper is to examine the relationship between total energy consumption, Gross Domestic Product, urbanization, trade openness and financial development on carbon dioxide (CO2) emissions. The study focuses on two selected ASEAN countries namely, Malaysia and Singapore, due to their major contribution in CO2 emissions among other ASEAN countries, after Brunei. This study adopts the quarterly time series data from Q1:2010 to Q1:2020. By utilizing the linear ARDL method, the presence of a positive and long-term relationship was confirmed between the variables for both countries. The findings also validate the Environment Kuznets hypothesis namely, that CO2 emissions will continue to rise until the national income reaches optimum point and beyond this environment quality will begin to improve. The results established that financial development helps to reduce CO2 emissions in both the short- and long-run. Further, trade openness tends to reduce CO2 in Malaysia. For Singapore however, it reduces CO2 in the short-run but not in the long-run. In general the study reveals that the relationship between emissions of CO2 and economic development is U-shaped, for both countries. For future sustainable environment the study implies that specific financial planning towards green technology is necessary to sustain a better environment. Economic growth of the country is therefore more meaningful if accompanied with a sustainable environment for future generations