Financial deepening and poverty reduction: causality linkage in the case of Malaysia
This paper investigates the interaction between financial deepening and poverty reduction in the case of Malaysia from period of 1975 to 2012. We employed ARDL bounds testing approach to find long run cointegration as well as Granger causality to discover the short run and long run dynamics between...
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2014
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my.iium.irep.420712015-05-11T02:00:45Z http://irep.iium.edu.my/42071/ Financial deepening and poverty reduction: causality linkage in the case of Malaysia Mustafa, Siti Aisyah Zainal, Nur Syuhada Kassim, Salina H Social Sciences (General) HG Finance HN Social history and conditions. Social problems. Social reform This paper investigates the interaction between financial deepening and poverty reduction in the case of Malaysia from period of 1975 to 2012. We employed ARDL bounds testing approach to find long run cointegration as well as Granger causality to discover the short run and long run dynamics between the variables. Our findings show that when monetization variable is used a proxy for financial deepening, poverty reduction measured by per capita consumption seems to cause the development of financial sector irrespective of whether the causality test is conducted in the short run or in the long run. The results reflect the importance of aggregate demand on goods and services among households to trigger the size of liquid money in Malaysian economy. 2014 Conference or Workshop Item REM application/pdf en http://irep.iium.edu.my/42071/1/Tibec_4_Abstract_Book.pdf application/pdf en http://irep.iium.edu.my/42071/6/Tibec_4_Full_paper.pdf Mustafa, Siti Aisyah and Zainal, Nur Syuhada and Kassim, Salina (2014) Financial deepening and poverty reduction: causality linkage in the case of Malaysia. In: Terengganu International Business and Economics Conference 2014 (TIBEC IV), 18-20 October 2012, Primula Beach Hotel, Kuala Terengganu. (Unpublished) |
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H Social Sciences (General) HG Finance HN Social history and conditions. Social problems. Social reform |
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H Social Sciences (General) HG Finance HN Social history and conditions. Social problems. Social reform Mustafa, Siti Aisyah Zainal, Nur Syuhada Kassim, Salina Financial deepening and poverty reduction: causality linkage in the case of Malaysia |
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This paper investigates the interaction between financial deepening and poverty reduction in the case of Malaysia from period of 1975 to 2012. We employed ARDL bounds testing approach to find long run cointegration as well as Granger causality to discover the short run and long run dynamics between the variables. Our findings show that when monetization variable is used a proxy for financial deepening, poverty reduction measured by per capita consumption seems to cause the development of financial sector irrespective of whether the causality test is conducted in the short run or in the long run. The results reflect the importance of aggregate demand on goods and services among households to trigger the size of liquid money in Malaysian economy. |
format |
Conference or Workshop Item |
author |
Mustafa, Siti Aisyah Zainal, Nur Syuhada Kassim, Salina |
author_facet |
Mustafa, Siti Aisyah Zainal, Nur Syuhada Kassim, Salina |
author_sort |
Mustafa, Siti Aisyah |
title |
Financial deepening and poverty reduction: causality linkage in the case of Malaysia |
title_short |
Financial deepening and poverty reduction: causality linkage in the case of Malaysia |
title_full |
Financial deepening and poverty reduction: causality linkage in the case of Malaysia |
title_fullStr |
Financial deepening and poverty reduction: causality linkage in the case of Malaysia |
title_full_unstemmed |
Financial deepening and poverty reduction: causality linkage in the case of Malaysia |
title_sort |
financial deepening and poverty reduction: causality linkage in the case of malaysia |
publishDate |
2014 |
url |
http://irep.iium.edu.my/42071/1/Tibec_4_Abstract_Book.pdf http://irep.iium.edu.my/42071/6/Tibec_4_Full_paper.pdf http://irep.iium.edu.my/42071/ |
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1643612123701444608 |
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13.18916 |