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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Main Authors:	Mustafa, Siti Aisyah, Zainal, Nur Syuhada, Kassim, Salina
Format:	Conference or Workshop Item
Language:	English English
Published:	2014
Subjects:	H Social Sciences (General) HG Finance HN Social history and conditions. Social problems. Social reform
Online Access:	http://irep.iium.edu.my/42071/ http://irep.iium.edu.my/42071/1/Tibec_4_Abstract_Book.pdf http://irep.iium.edu.my/42071/6/Tibec_4_Full_paper.pdf

id	iium-42071
recordtype	eprints
spelling	iium-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 NonPeerReviewed 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 (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	H Social Sciences (General) HG Finance HN Social history and conditions. Social problems. Social reform
spellingShingle	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
description	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/ http://irep.iium.edu.my/42071/1/Tibec_4_Abstract_Book.pdf http://irep.iium.edu.my/42071/6/Tibec_4_Full_paper.pdf
first_indexed	2023-09-18T21:00:02Z
last_indexed	2023-09-18T21:00:02Z
_version_	1777410562274099200

Financial deepening and poverty reduction: causality linkage in the case of Malaysia

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