This article contributes to the debate on stock prices and exchange rates in Malaysia. It examines causal relations using a new Granger non-causality test proposed by Toda and Yamamoto (Journal of Econometrics, 66, 225-50, 1995). Among the findings of interest, there is a feedback interaction...

Hoping to contribute to the existing pool of literature, this paper examines the relationship between military expenditure and economic growth in selected Asian countries for the period 1989 to 2004. Our panel unit root test suggests that real GDP per capita and military expenditures are )1(I...

In this study we investigated the long-run relationship between property crime and three macro-financial economic variables in Malaysia for the period 1973 to 2003. In order to avoid what the econometrician term as ‘spurious regression problem’ we estimate the model using the vector-error...