重要事項 Import Notes

重要事項 Import Notes
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2013-10-24

DETERMINANTS OF CAPITAL FLIGHT IN MALAYSIA


作者:
Chin-Hong Puah1
Siew-Ling Liew1
Arip, Mohammad Affendy1
資料來源:
Journal of International Finance & Economics. 2012, Vol. 12 Issue 3, p5-10. 6p.
文件類型:
Article
主題術語:
*CAPITAL movements
*VECTOR error-correction models
*EMPIRICAL research
*FOREIGN investments
*STOCK exchanges
*TIME series analysis
*DATA analysis
地理詞彙:
MALAYSIA
作者提供的關鍵字:


Capital flight
Economic growth
NAICS/產業代碼:
522293 International Trade Financing
523210 Securities and Commodity Exchanges
摘要:
This study was intended to investigate factors affecting capital flight in Malaysia. The study used time series data from first quarter 1991 through fourth quarter 2008 and the data were tested using the Augmented Dickey-Fuller unit root test, Johansen-Juselius cointegration test, and vector error-correction modeling. Empirical findings indicated a stable long-run relationship between the variables under study. Foreign direct investment and the stock market were found to have a positive impact on capital flight, whereas real gross domestic product (GDP), budget deficit, and interest rate were negatively related to capital flight. In addition, real GDP, interest rate, and budget deficit can Granger cause capital flight in the short-run.[ABSTRACT FROM AUTHOR]
 
Copyright of Journal of International Finance & Economics is the property of International Academy of Business & Economics (IABE) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.(Copyright applies to all Abstracts.)
作者所屬機構:
1Faculty of Economics and Business, University Malaysia Sarawak, Malaysia
ISSN:
1555-6336
入藏號碼:
84396531
資料庫:
Business Source Complete

網址
http://0-web.ebscohost.com.cylis.lib.cycu.edu.tw/ehost/detail?vid=3&sid=6ba74598-0aba-40aa-9648-ce7a82546539%40sessionmgr4&hid=18&bdata=Jmxhbmc9emgtdHcmc2l0ZT1laG9zdC1saXZl#db=bth&AN=84396531

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== Posted on 2009.10.05 ==
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