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productivity growth in Malaysia. Using data from the Department of Statistics Malaysia from 1987 to 2018 and decompositions that … take account of the static and dynamic efficiency gains from labor reallocation, it documents that Malaysia has undergone … between-sector reallocation of labor to growth in output per capita in Malaysia has been relatively low. Accordingly, together …
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This paper extends the extreme downside correlation (EDC) and extreme downside hedge (EDH) methodology to model the interdependence in the sensitivity of assets to the downside risk of other financial assets under severe firm-level and market conditions. The model is applied to analyze both...
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