Is there a link between development financial institutions (DFIs) and the economic development? the Malaysian case

The objective of this paper is to examine the existence of relationship between the DFIs and the economic development in Malaysia. We investigated the linkage by applying Autoregressive Distributed Lag (ARDL) method referred as the bounds test approach developed by Pesaran, Shin and Smith in 2001. W...

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主要作者: Islam, Mohd Aminul
格式: Article
语言:English
出版: IRJETM 2015
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spelling my.iium.irep.473332016-07-19T07:36:02Z http://irep.iium.edu.my/47333/ Is there a link between development financial institutions (DFIs) and the economic development? the Malaysian case Islam, Mohd Aminul HG1501 Banking The objective of this paper is to examine the existence of relationship between the DFIs and the economic development in Malaysia. We investigated the linkage by applying Autoregressive Distributed Lag (ARDL) method referred as the bounds test approach developed by Pesaran, Shin and Smith in 2001. We have used total assets and the financing activities of DFIs as the variables covering the period 1980 – 2014. Total assets represent the size or development of DFIs while financing activities represent the involvement in promoting economic development. As a proxy for economic development we used real per capita income. We found evidence that both the variables of DFIs in the form of total assets and financing activities have positive and statistically significant long run equilibrium relationship with per capita real income suggesting that the DFIs are important in influencing per capita income in Malaysia. IRJETM 2015 Article REM application/pdf en http://irep.iium.edu.my/47333/1/Vol_1-Issue_10-2015.pdf Islam, Mohd Aminul (2015) Is there a link between development financial institutions (DFIs) and the economic development? the Malaysian case. International Research Journal of Emerging Trends in Multidisciplinary, 1 (10). pp. 226-237. ISSN 2395-4434 http://www.irjetm.com
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HG1501 Banking
spellingShingle HG1501 Banking
Islam, Mohd Aminul
Is there a link between development financial institutions (DFIs) and the economic development? the Malaysian case
description The objective of this paper is to examine the existence of relationship between the DFIs and the economic development in Malaysia. We investigated the linkage by applying Autoregressive Distributed Lag (ARDL) method referred as the bounds test approach developed by Pesaran, Shin and Smith in 2001. We have used total assets and the financing activities of DFIs as the variables covering the period 1980 – 2014. Total assets represent the size or development of DFIs while financing activities represent the involvement in promoting economic development. As a proxy for economic development we used real per capita income. We found evidence that both the variables of DFIs in the form of total assets and financing activities have positive and statistically significant long run equilibrium relationship with per capita real income suggesting that the DFIs are important in influencing per capita income in Malaysia.
format Article
author Islam, Mohd Aminul
author_facet Islam, Mohd Aminul
author_sort Islam, Mohd Aminul
title Is there a link between development financial institutions (DFIs) and the economic development? the Malaysian case
title_short Is there a link between development financial institutions (DFIs) and the economic development? the Malaysian case
title_full Is there a link between development financial institutions (DFIs) and the economic development? the Malaysian case
title_fullStr Is there a link between development financial institutions (DFIs) and the economic development? the Malaysian case
title_full_unstemmed Is there a link between development financial institutions (DFIs) and the economic development? the Malaysian case
title_sort is there a link between development financial institutions (dfis) and the economic development? the malaysian case
publisher IRJETM
publishDate 2015
url http://irep.iium.edu.my/47333/1/Vol_1-Issue_10-2015.pdf
http://irep.iium.edu.my/47333/
http://www.irjetm.com
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score 13.251839