A. Khin, M.P Low, M. S. Sin, Seethaletchumy Thambiah, Sorokina N Yu
{"title":"Sustainability of Women’s Employment Rate for Malaysian Economic Development","authors":"A. Khin, M.P Low, M. S. Sin, Seethaletchumy Thambiah, Sorokina N Yu","doi":"10.22452/IJIE.VOL13NO3.3","DOIUrl":"https://doi.org/10.22452/IJIE.VOL13NO3.3","url":null,"abstract":"This research paper develops a model for the sustainability of women’s employment rate in Malaysia’s economic development. This study examined annual data from 1982 to 2018, with 37 observations. A new econometric method was adopted to determine both short-run and long-run relationships among the variables using the Johansen Cointegration rank test, Vector Error Correction Method (VECM) with error correction model of cointegration equation. The VECM results revealed significant and positive short-term relationships between foreign direct investment, gross domestic product (GDP), and the negative short-term relationship of the lagged period of women’s employment rate to women employment rate (WER). The variables, GDP, education level, and women’s marital status are cointegrated and have a long-term relationship between WER in the cointegration equation. The Johansen Cointegration rank test also showed the existence of cointegration equations, and a long-term relationship between the variables. Eventually, the residual diagnosis, significant error term, and the performance of the model evaluation were found as satisfactory and valid. In short, this research paves the way for policymakers to construct a better policy for the future of women’s employment sustainability.","PeriodicalId":393532,"journal":{"name":"Jurnal Institutions and Economies","volume":"71 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121809153","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Syahid Izzulhaq, Muhammad Rizal Taufikurahman, Afaqa Hudaya, Mohammad Reza Hafiz Akbar
{"title":"Gross Capital Inflows in Indonesia: Exploring Bonanzas and Sudden Stops","authors":"Syahid Izzulhaq, Muhammad Rizal Taufikurahman, Afaqa Hudaya, Mohammad Reza Hafiz Akbar","doi":"10.22452/IJIE.VOL13NO3.2","DOIUrl":"https://doi.org/10.22452/IJIE.VOL13NO3.2","url":null,"abstract":"This paper examines episodes of capital bonanzas and sudden stops in Indonesia by utilising binary response models and several episode-identification approaches. Our identification suggests that whenever bonanza episodes occurred, capital sudden stop episodes followed in a more extended period. The estimations demonstrate that domestic factors are relatively dominant in determining the capital bonanzas, and the federal funds rate has a more significant impact on inducing the probability of capital sudden stops in Indonesia. We also found that Turkey and South Africa are the most contagious economies for Indonesia. This paper proposes some policy reforms to enhance the stability of capital inflows in Indonesia, including financial regulation and public finance policies such as a reverse Tobin tax and market-driven public debt rules.","PeriodicalId":393532,"journal":{"name":"Jurnal Institutions and Economies","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122380473","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Islamic Banks: History, Stability and Lessons from Cooperative Banking","authors":"R. Gulzar, M. Ibrahim, Mohamed Ariff","doi":"10.22452/IJIE.VOL13NO3.1","DOIUrl":"https://doi.org/10.22452/IJIE.VOL13NO3.1","url":null,"abstract":"Islamic banking’s profit-maximising fervour, building upon the use of interest-resembling products, has raised concerns about its Shariah authenticity and financial stability. While early Islamic economists envisioned an industry built on values of mutuality and participation, architects of Islamic banking have chosen to replicate interest-based conventional banking for the purpose of fast growth. This study has two objectives. First, to narrate the history of Islamic banking, from the theories postulated to the beginnings of the industry. This builds an understanding of why ‘Islamic’ banking operates as it does currently, which has implications for Shariah compliance and financial stability. It is suggested that the mimicking of conventional banks may cause instability since unlike commercial banks, ‘Islamic’ banks face Shariah constraints. This leads to the second objective, which is to analyse the cooperative banking model, which has been described as the closest theoretical model to Islamic banking. Specifically, this study focuses on the model in Europe which, despite its challenges, has managed to silence critics in the way it contributes to communal welfare and financial stability, especially during credit crunches when commercial banks are known to retreat from markets. This first study of a functioning cooperative banking model, in the context of Islamic banking, may thus offer lessons for Islamic banking reform.","PeriodicalId":393532,"journal":{"name":"Jurnal Institutions and Economies","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123548666","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Trade Policy, Infrastructural Development and Agricultural Sector Value Added in Nigeria","authors":"L. Effiom, B. Ebi","doi":"10.22452/IJIE.VOL13NO1.1","DOIUrl":"https://doi.org/10.22452/IJIE.VOL13NO1.1","url":null,"abstract":"The collapse of the international price of crude oil in 2015 and its attendant negative consequences on government fiscal capacity and development efforts re-echoed the need for Nigerians to return to agriculture as the surest means of conserving foreign exchange and revamping productive capacity. Within this context, this paper investigates, using the Autoregressive Distributed Lag methodology, the impact of Nigeria’s trade policy and infrastructural development on agricultural value added. Findings show that in the long-run Nigeria’s trade liberalisation policy is a disincentive to the growth of the agricultural sector’s value added, while key components of infrastructure (roads, telecommunications and electricity consumption) had a significant relationship and positive impact on the agricultural sector. Inter alia, the paper recommends that government strengthen the current selective ban on some agricultural products while it implements the recommendations of the African Development Bank Infrastructure Plan for Nigeria.","PeriodicalId":393532,"journal":{"name":"Jurnal Institutions and Economies","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123264622","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Role of Country Governance on the Relationship between Firm Governance and Firm Performance: Evidence from Emerging Countries","authors":"Soong Yu Qing, Hooy Chee Wooi, A. Zulkafli","doi":"10.22452/IJIE.VOL13NO1.2","DOIUrl":"https://doi.org/10.22452/IJIE.VOL13NO1.2","url":null,"abstract":"This study examines the moderating effect of country governance on the relationship between firm governance and firm performance in emerging countries. We employ a panel regression model on 21 emerging countries over the period 2007 to 2016. We find that poor firm governance is negatively linked to Tobin’s Q, but positively linked to return on assets (ROA) and return on equity (ROE), while country governance has a consistent positive moderating effect on all three performance variables. Specific country governance dimensions include voice and accountability, government effectiveness, regulatory quality, the rule of law and control of corruption also have significant positive moderating effects. We further find that only a strong legal environment can compensate for the ineffectiveness of firm governance but not in a weak legal environment and only countries with strong country governance can positively affect firm value.","PeriodicalId":393532,"journal":{"name":"Jurnal Institutions and Economies","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127663065","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Influence of Organisational Climate on Knowledge Management: A Literature Review","authors":"Deepjyoti Choudhury, P. Das","doi":"10.22452/IJIE.VOL13NO1.5","DOIUrl":"https://doi.org/10.22452/IJIE.VOL13NO1.5","url":null,"abstract":"Knowledge is considered to be a strategic resource that helps to leverage the effectiveness of an organisation and is classified into two types: tacit knowledge and explicit knowledge. Tacit knowledge is acquired through long-term experience and cognition while explicit knowledge is a formal knowledge which can be easily shared or transferred. Knowledge management is considered to be an emerging concept in an era of rising global competition that helps to organise and channel the valuable knowledge resource of an organisation and which may therefore ultimately lead to the success of that organisation. However, a cooperative and innovative organisational climate might play a vital role in different aspects of knowledge management with regard to knowledge acquisition, knowledge storage and knowledge sharing. This paper aims to review the literature in the area of knowledge management as well as the influence of organisational climate on knowledge management through the effective flow of tacit knowledge andprovide a clear and systematic overview of it. Thus, this study tries to highlight the research gap in the course of reviewing the relevant literature and also attempts to investigate, from the relevant literature, the in-depth relationship, if any, between organisational climate and tacit knowledge management in particular and ultimatelyknowledge management in general.","PeriodicalId":393532,"journal":{"name":"Jurnal Institutions and Economies","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133747909","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}