Malaysian Journal of Economic Studies最新文献_第6页

Determinants of Well-being for Developing and Developed Countries and their Role in Policy-making: A Panel Data Analysis 发展中国家和发达国家福祉的决定因素及其在政策制定中的作用：面板数据分析

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Malaysian Journal of Economic Studies Pub Date : 2019-06-10 DOI: 10.22452/MJES.VOL56NO1.5

J. Ng, Santha Vaithilingam, Jing Moon Chua

{"title":"Determinants of Well-being for Developing and Developed Countries and their Role in Policy-making: A Panel Data Analysis","authors":"J. Ng, Santha Vaithilingam, Jing Moon Chua","doi":"10.22452/MJES.VOL56NO1.5","DOIUrl":"https://doi.org/10.22452/MJES.VOL56NO1.5","url":null,"abstract":"The gross domestic product has been the traditional indicator used to measure economic growth, with almost every country having national policies that are growth-centric in nature. Underlying this practice is the assumption that higher income levels precede higher levels of utility, or well-being. However, the Easterlin paradox discovered by Easterlin in the 1970s contradicts this economic assumption and has subsequently ignited interest in the study of subjective well-being and its determinants. Using the countries’ responses to the life satisfaction question in the World Values Survey as the measure of subjective well-being over a period of time, this study utilises panel data techniques to identify the key determinants of life satisfaction for developing and developed countries. The study also determines the relative importance of these key determinants for the two groups of countries. The findings of this study show that the determinants of life satisfaction differ across developed and developing countries, with religiosity being the only common determinant. The policy implications of these findings are discussed.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2019-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45424251","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}

引用次数: 0

Efficiency, Asset Quality and Stability of the Banking Sector in Malaysia 马来西亚银行业的效率、资产质量和稳定性

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Malaysian Journal of Economic Studies Pub Date : 2019-06-10 DOI: 10.22452/MJES.VOL56NO1.6

M. Ariff, F. Shawtari

{"title":"Efficiency, Asset Quality and Stability of the Banking Sector in Malaysia","authors":"M. Ariff, F. Shawtari","doi":"10.22452/MJES.VOL56NO1.6","DOIUrl":"https://doi.org/10.22452/MJES.VOL56NO1.6","url":null,"abstract":"Malaysia practices a dual banking system, where conventional banks coexist with Islamic banks. While conventional banks are well established, Islamic banks are growing rapidly. Since Islamic banks consist of two types, namely stand-alone or wholesome Islamic banks and Islamic subsidiaries of conventional banks, it would be revealing to examine if Islamic subsidiaries of conventional banks differ from standalone Islamic banks in terms of efficiency, stability and assets quality. A few studies in the literature that examine the issue have focused on comparisons between Islamic banks and conventional banks, with no consideration given to the differentiation between the two categories of Islamic banks. In this paper, we attempt to examine the differences among the players in the banking sector in Malaysia. This paper extends the traditional analysis of conventional versus Islamic banks to comparisons between stand-alone Islamic banks and Islamic subsidiaries of conventional banks. Using dynamic panel data “generalized methods of moments” (GMM), the study reports that there are differences among different types of banks, viz. conventional banks, Islamic subsidiaries of conventional parents, and stand-alone Islamic banks. It shows that Islamic subsidiaries of conventional banks perform better than stand-alone Islamic banks as well as their own conventional parents. Furthermore, the results show that Islamic subsidiaries are more stable in term of their financing income compared to the rest of the banks, while the stand-alone banks have lower asset quality in comparison with both Islamic subsidiaries and their parents.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":"1 1","pages":""},"PeriodicalIF":0.8,"publicationDate":"2019-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41495931","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}

引用次数: 7

Labour Productivity Growth in the Industrial Sector of Indonesia: Structural Bonus or Structural Burden? 印尼工业部门劳动生产率增长:结构性红利还是结构性负担?

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Malaysian Journal of Economic Studies Pub Date : 2019-06-10 DOI: 10.22452/MJES.VOL56NO1.7

L. Badriah, A. Alisjahbana, Kodrat Wibowo, Ferry Hadiyanto

引用次数: 3

Differences in Risk Preferences of the Main Ethnic Groups in Peninsular Malaysia: A Field Experiment 马来西亚半岛主要民族风险偏好差异的田野实验

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Malaysian Journal of Economic Studies Pub Date : 2019-06-10 DOI: 10.22452/MJES.VOL56NO1.8

Kean Siang Chng, S. Narayanan

引用次数: 1

Teen Marriage and Feeding Behaviour to Children in Indonesia 印度尼西亚的青少年婚姻和儿童喂养行为

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Malaysian Journal of Economic Studies Pub Date : 2018-11-09 DOI: 10.22452/MJES.VOL55NO2.1

Indriyati Indriyati, Dwini Handayani

引用次数: 3

Does a Higher Level of Capital Ensure Lower Risk for a Bank? Evidence from the Vietnamese Banking System 更高的资本水平能确保银行降低风险吗?来自越南银行体系的证据

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Malaysian Journal of Economic Studies Pub Date : 2018-11-09 DOI: 10.22452/MJES.VOL55NO2.6

D. Nguyen, H. Nguyen

引用次数: 4

Determinants of Suicidal Behaviour in Malaysia 马来西亚自杀行为的决定因素

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Malaysian Journal of Economic Studies Pub Date : 2018-11-09 DOI: 10.22452/MJES.VOL55NO2.5

Y. Cheah, M. Azahadi, S. Phang, N. H. Manaf

引用次数: 2

Effect of Trade Liberalisation on Wage Inequality in Indonesia 贸易自由化对印尼工资不平等的影响

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Malaysian Journal of Economic Studies Pub Date : 2018-11-09 DOI: 10.22452/MJES.VOL55NO2.4

Watekhi Watekhi, N. Nachrowi, D. Hartono, Arie Damayanti

引用次数: 2

Persons with Disabilities (PWD) and Poverty in Indonesia 印度尼西亚的残疾人与贫困

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Malaysian Journal of Economic Studies Pub Date : 2018-11-09 DOI: 10.22452/MJES.VOL55NO2.2

A. Bella, T. Dartanto

引用次数: 14

Sentiment-Augmented Asset Pricing in Bursa Malaysia: A Time-Varying Markov Regime-Switching Model 马来西亚交易所情绪增强资产定价:一个时变马尔可夫制度转换模型

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Malaysian Journal of Economic Studies Pub Date : 2018-11-09 DOI: 10.22452/MJES.VOL55NO2.8

H. Goh, Lee-Lee Chong, M. Lai

{"title":"Sentiment-Augmented Asset Pricing in Bursa Malaysia: A Time-Varying Markov Regime-Switching Model","authors":"H. Goh, Lee-Lee Chong, M. Lai","doi":"10.22452/MJES.VOL55NO2.8","DOIUrl":"https://doi.org/10.22452/MJES.VOL55NO2.8","url":null,"abstract":"This paper examines the nonlinear effects of investor sentiment on asset pricing in Bursa Malaysia. The Fama and French three-factor model is re-augmented within a time-varying Markov regime-switching framework to investigate the three risk premiums, conditioned by four different proxies for investor sentiment (i.e. market-wide indicators). The study finds evidence that the stock returns movement of Bursa Malaysia exhibits a nonlinear two regimes pattern. Besides, changes in the investor sentiment to some extent function as a mediator in the regime switching dynamics between bear and bull market cycles in Malaysian stock returns. It is also found that an increase in positive sentiment of investors leads to a higher transition probability of regime switching during bear markets. In addition, the three risk premiums are time-variant, contingent upon the fluctuation of the proxies for investor sentiment within discrete regimes. The study finds that in general, the market premium falls when the stock market switches from bull to bear markets. On the contrary, both the size and value premiums increase when the stock market moves from bull to bear markets.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":"1 1","pages":""},"PeriodicalIF":0.8,"publicationDate":"2018-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41950196","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}

引用次数: 2