{"title":"Quality Assessment of Trade Data in Malaysia","authors":"Dhakir Abbas Ali, F. Johari, M. Alias","doi":"10.22452/MJES.VOL56NO1.2","DOIUrl":"https://doi.org/10.22452/MJES.VOL56NO1.2","url":null,"abstract":"The quality of trade data is essential for any empirical study that uses them to construct a variable representing trade. However, previous studies have largely ignored the issue of trade data discrepancy. This discrepancy occurs when a country’s claim on sectoral bilateral trade is different from the value reported by its trade partner. Using a size ratio and correlation coefficient computed from the values reported by both parties of bilateral trades, this study examines trade data discrepancy in 20 trade sectors from 1987 to 2016 between Malaysia and its three major Asian trade partners, i.e. China, Singapore and Japan. We detect alarming discrepancy in Malaysia’s trade data. We also find that this discrepancy depends on the trade partner, time and trade sector. This study calls for attention of Malaysian policymakers regarding the possibility of customs mismanagement. We recommend that future empirical studies utilising trade in the analysis to either reconcile the data or to deploy both data sources in the econometric analysis as a robustness check.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2019-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43310292","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":"Environmental Degradation and Economic Growth in ASEAN-10: The Perspective of EKC Hypothesis","authors":"Duc Nha Le","doi":"10.22452/MJES.VOL56NO1.3","DOIUrl":"https://doi.org/10.22452/MJES.VOL56NO1.3","url":null,"abstract":"Environmental issues have been ranked among the most intense debates over the past decades by governments around the world. Sustainable development goals have been top priorities in the working agenda of national cabinets and administrations which questions the chronic trade-off between environment and economic performance. This paper aims at contributing further insights into the above-mentioned linkage to the contemporary literature by testing the validity of the environmental Kuznets curve (EKC) hypothesis. By conducting a panel data analysis on ASEAN-10 countries' statistics of carbon dioxide emissions per capita (COEpc), real gross domestic product per capita (rGDPpc), foreign direct investment inflow (FDIif), trade openness index (TOI), and urbanisation (URB), the findings have empirically confirmed the valid causality running from economic growth, international trade and demographic changes to environmental degradation. Additionally, the existence of an earlier inverted U-shaped and a later N-shaped EKC has been investigated and significantly confirmed the cyclical changes of the eco-enviro trade-off. Also, this paper provides implications for policymakers to consider the cost-benefit issue in the establishment and implementation of economic and environmental protection policies.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2019-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45970723","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}
L. Badriah, A. Alisjahbana, Kodrat Wibowo, Ferry Hadiyanto
{"title":"Labour Productivity Growth in the Industrial Sector of Indonesia: Structural Bonus or Structural Burden?","authors":"L. Badriah, A. Alisjahbana, Kodrat Wibowo, Ferry Hadiyanto","doi":"10.22452/MJES.VOL56NO1.7","DOIUrl":"https://doi.org/10.22452/MJES.VOL56NO1.7","url":null,"abstract":"The economic structural change on the output side is accompanied by the reallocation of labour from the agricultural sector to the industrial sector. Some studies show the different effects of labour reallocation on labour productivity growth. This study analyses labour productivity growth in the manufacturing sector in relation to economic structural changes in Indonesia. The analytical methods used are shiftshare and panel data regression models using secondary data of 30 provinces from 2003-2014. The results show economic structural change through labour reallocation decreases growth of labour productivity (structural burden) although productivity continues to grow.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2019-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48949892","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":"Differences in Risk Preferences of the Main Ethnic Groups in Peninsular Malaysia: A Field Experiment","authors":"Kean Siang Chng, S. Narayanan","doi":"10.22452/MJES.VOL56NO1.8","DOIUrl":"https://doi.org/10.22452/MJES.VOL56NO1.8","url":null,"abstract":"It is widely held that risk preferences differ between the three ethnic groups in Malaysia with the Chinese having the highest preference for risk and Malays having the lowest. This has been used to explain the Chinese preference for, and success in, business ventures relative to Malays. However, this assumption has never been tested in a controlled environment. Three hundred working adults from the three groups were recruited and participated in two-choice lottery games with real monetary reward and risk. The results were analysed using the framework of cumulative prospect theory. The outcomes indicate that broad generalisations regarding inter-ethnic risk tolerance are inaccurate. Malays were less risk averse than the Chinese or others when facing choices with the possibility of losing but became more risk averse only when facing choices with the possibility of winning. Malays were also more willing to take greater risk to reduce possible loss than to settle for a sure gain, compared to the others.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2019-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44565553","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":"Teen Marriage and Feeding Behaviour to Children in Indonesia","authors":"Indriyati Indriyati, Dwini Handayani","doi":"10.22452/MJES.VOL55NO2.1","DOIUrl":"https://doi.org/10.22452/MJES.VOL55NO2.1","url":null,"abstract":"One of the key determinants of child nutritional status during the critical window period (the first thousand days of life) is feeding practices, including exclusive breastfeeding, continued breastfeeding, and complementary feeding. The condition of mother, as the main child caretaker, will determine the child’s nutritional status and nutrition patterns. This research will focus on the effect of teen marriage age, which will be predicted through education, on infant and young child feeding behaviour. Previous studies mainly focussed on only one type of child feeding, but this study discusses three types of child feeding behaviour. This study uses the Indonesian Demographic and Health Survey data in 2012 and the method of analysis is binary logistic regression. The sample for this study is based on 4,177 married women from age 15 to 49 who currently has a first child aged 0 to 23 months. The result shows that mothers who married early and with lowest education attainment have a better behaviour of exclusive and continued breastfeeding, but the worst on complementary feeding.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2018-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43401408","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":"Does a Higher Level of Capital Ensure Lower Risk for a Bank? Evidence from the Vietnamese Banking System","authors":"D. Nguyen, H. Nguyen","doi":"10.22452/MJES.VOL55NO2.6","DOIUrl":"https://doi.org/10.22452/MJES.VOL55NO2.6","url":null,"abstract":"The relationship between bank capital and risk is one of the conventional and highly debatable issues in banking literature. In the context of this paper, we apply the two-step generalized method of moments (GMM) technique for dynamic panels for the Vietnamese banking sector over the 1999-2014 period to investigate how risk is sensitive to capital regulations. As controlling both bank-specific characteristics and macroeconomic variables, we found a negative relationship between capital and risk which is proxied by two alternative Z-score measurements. Our findings not only support the moral hazard hypothesis where banks have incentives to exploit explicit and implicit deposit insurance schemes but also reveal the first direct beneficiaries from the regulations following Basel I standards in Vietnam that domestic banks with a higher capital level are more likely to avoid default and risk. However, increasing capital and improving operations management should be complementary criteria to ensure financial system safety.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2018-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49231389","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":"Determinants of Suicidal Behaviour in Malaysia","authors":"Y. Cheah, M. Azahadi, S. Phang, N. H. Manaf","doi":"10.22452/MJES.VOL55NO2.5","DOIUrl":"https://doi.org/10.22452/MJES.VOL55NO2.5","url":null,"abstract":"A sharp rise in the prevalence of suicide has become a serious public health concern. Acquiring a better understanding of the determinants of suicidal behaviour can help to implement a more effective policy directed towards reducing the suicide rate. In this study, we attempt to examine the effects of sociodemographic, lifestyle and health factors on suicidal behaviour among Malaysian adults. A rigorous statistical method and a nationally representative data are used for analyses. We find that age, gender, race, marital status, self-rated health, diabetes and hypercholesterolemia are significantly associated with suicidal behaviour. Specifically, there are positive relationships between the likelihoods of engaging in suicidal behaviour and young adults, females, Indians/others, being unmarried, and having poor health conditions. We conclude that sociodemographic and health factors play an important role in affecting suicidal behaviour, whereas lifestyle factor does not. As an intervention measure towards overcoming the problem of high suicide rate, effective policies should be targeted at individuals who are likely to engage in suicidal behaviour.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2018-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49260790","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":"Persons with Disabilities (PWD) and Poverty in Indonesia","authors":"A. Bella, T. Dartanto","doi":"10.22452/MJES.VOL55NO2.2","DOIUrl":"https://doi.org/10.22452/MJES.VOL55NO2.2","url":null,"abstract":"There is an urgent need to provide an evidence-based study to support and mainstream PWD on the development agenda in Indonesia due to low prioritisation of poverty eradication of PWD. Thus, this study aims at examining the impacts of disability, types of disability and causes of disability on household’s poverty status and household’s poverty gap index. Applying Logistic and Tobit regressions, this study confirmed that disabled-headed households are more likely to become poor by 1.3 percentage points and have deeper poverty gap index by 2.6 percent. Household with a visually impaired household head is less likely to be poor compared to other disabled-headed households, while one that has a household head with self-care problem tends to have higher probability of falling into poverty. Moreover, a household in which the household head has congenital disability (disability at birth) has higher probability of being poor by 4.8 percentage points and has deeper poverty gap index of about 7.8 percent.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2018-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46111906","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}
Watekhi Watekhi, N. Nachrowi, D. Hartono, Arie Damayanti
{"title":"Effect of Trade Liberalisation on Wage Inequality in Indonesia","authors":"Watekhi Watekhi, N. Nachrowi, D. Hartono, Arie Damayanti","doi":"10.22452/MJES.VOL55NO2.4","DOIUrl":"https://doi.org/10.22452/MJES.VOL55NO2.4","url":null,"abstract":"This study attempts to find out the influence of trade liberalisation on wage inequality in Indonesia. A two-stage estimation approach is used. Using the national labour force survey dataset, the study estimates industry wage premium and industry-specific skill premium in the first stage conditional on individual worker characteristics. In the second stage, the study regresses industry wage premium and industry-specific skill premium on tariff as a measure of trade liberalisation, respectively. It is concluded that trade liberalisation significantly contributes to increasing wage inequality. This contribution occurred through changes in industry wage premium but not industry-specific skill premium.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2018-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45709098","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":"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":null,"pages":null},"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}