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Kelantan has been the poorest state in Malaysia for the past five decades. Despite the various Malaysian Development Plans for the past several decades, regional disparity between states remains in Malaysia. Thus, the objective of the present paper is to address the question whether Kelantan has...
Persistent link: https://www.econbiz.de/10005790061
The purpose of the present paper is to examine income convergence in Malaysia by using the nonlinear unit root test due to Kapetanios et al. (KSS, 2003) and extended by Chong et al. (CHLL, 2008) to permit the test of long-run convergence and catching-up hypotheses. We apply the KSS-CHLL...
Persistent link: https://www.econbiz.de/10005616650
In the last four decades the financial services sector has becoming more important for the Malaysian economy. Despite gaining importance for enhancing economic growth, the contribution of the finance sector to the total services real GDP has been ranked second in Peninsular Malaysia, third in...
Persistent link: https://www.econbiz.de/10005619500
Disparity in income across states and regions in Malaysia continues to be a matter of concern. The purpose of the present study is to investigate empirically the question of whether the economic development of the state of Sabah has an impact on her neighbouring countries or vice versa, the...
Persistent link: https://www.econbiz.de/10005619620
This study examines the violent crime convergence among the fifty one states in the United States. The chosen method for this analysis is nonlinear unit root test due to Kapetanios et al. (KSS, 2003), which was later extended by Chong et al. (CHLL, 2008). KSS-CHLL nonlinear unit root was applied...
Persistent link: https://www.econbiz.de/10005260214