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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Main Author:	Islam, Mohd Aminul
Format:	Article
Language:	English
Published:	IRJETM 2015
Subjects:	HG1501 Banking
Online Access:	http://irep.iium.edu.my/47333/ http://irep.iium.edu.my/47333/ http://irep.iium.edu.my/47333/1/Vol_1-Issue_10-2015.pdf

id	iium-47333
recordtype	eprints
spelling	iium-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 PeerReviewed 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
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
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/ http://irep.iium.edu.my/47333/ http://irep.iium.edu.my/47333/1/Vol_1-Issue_10-2015.pdf
first_indexed	2023-09-18T21:07:22Z
last_indexed	2023-09-18T21:07:22Z
_version_	1777411022761492480

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

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