This study aims to incorporate the role of domestic financial system in transferring the technological diffusion embodied in FDI inflows on the Malaysian economy from 1970–2001. Applying bound test, or unrestricted error correction model (UECM) proposed by Pesaran et al. (2001), the presence...

This paper examines the relationship between external debt and economic growth in Fiji during a 30-year period (1970-2005). Applying the bound testing approach of Pesaran et al., (2001), it is found that the long-run relationship runs from external debt to economic growth. Whilst both external...

Using nonlinear unit root tests developed by Kapetanios et al. (2003), we find strong evidence that the Consumer Price Index (CPI) and Wholesale Price Index (WPI) based Malaysian Ringgit – U.S. Dollar (MYR/USD) real exchange rates are nonlinear stationary, implying that MYR/USD nominal...

Using nonlinear unit root tests developed by Kapetanios et al. (2003), we find strong evidence that the Consumer Price Index (CPI) and Wholesale Price Index (WPI) based Malaysian Ringgit – U.S. Dollar (MYR/USD) real exchange rates are nonlinear stationary, implying that MYR/USD nominal...

The finding of exchange rate–relative price nonlinear cointegration relationship in Malaysia, among others, suggests that nonlinear Purchasing Power Parity (PPP) equilibrium may be regarded as reference point in judging the short run misalignment of the Ringgit currency and thereby...

The paper examines Malaysian taxpayers’ perceptions of their current tax practitioner as well as the attributes of the ideal tax practitioners that they are looking for. The study shows that gender, age and education level are significantly correlated with the attributes of their ideal tax...

The increasing trend of Foreign Direct Investment (FDI) in China has made it attractive and lucrative. China’s main attraction is its huge market, workforce, resources and liberalization of trade by the state government. The study, therefore, aims to identify the key determinants of FDI in...

This paper investigates the significance of market size hypothesis, skilled labor and liberalization process in determining Foreign Direct Investment (FDI) in Malaysia from 1970 to 2001. The newly developed Autoregressive Distributed Lag (ARDL) model, or bounds test proposed by Pesaran, et al....

The relationship between exports and economic growth has been fully analyzed by a large number of recent empirical papers. Nevertheless, the evidence is rather mixed. This study re-examines the Export-Led Growth hypothesis (ELG) in four developing countries, namely India, Malaysia, Nigeria and...

The finding of exchange rate–relative price nonlinear cointegration relationship in Malaysia, among others, suggests that nonlinear Purchasing Power Parity (PPP) equilibrium may be regarded as reference point in judging the short run misalignment of the Ringgit currency and thereby deducing...