Local currency model: to boost economic activities of indigenous community in Malaysia
The study proposes the local currency model to the Malaysian Indigenous community (Orang Asli) since they are among the nation's hardcore poor. It attempts to measure the probability and level of acceptance in the community if the complementary currency system were to be introduced for their...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
2018
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/66458/ http://irep.iium.edu.my/66458/ http://irep.iium.edu.my/66458/ http://irep.iium.edu.my/66458/1/tojdac_v080SSE175.pdf |
| Summary: | The study proposes the local currency model to the Malaysian Indigenous community (Orang Asli)
since they are among the nation's hardcore poor. It attempts to measure the probability and level of
acceptance in the community if the complementary currency system were to be introduced for their
economic activities. Using primary data collected from the survey among Orang Asli in Peninsular
Malaysia, the study analyzes the data using Logit model and Technology Acceptance Model (TAM).
Results from logistic regression imply that the probability to opt for proposed local currency as an
alternative currency is high if it is using agricultural products and backed by national currency. The
probability is also high among higher income respondents but low for those with big family size and
those who prefer to use Ringgit Malaysia (RM). Using TAM, it is found that ‘perceived usefulness’
and ‘perceived ease of use’ have positive effect on ‘attitude’ to use the proposed local currency.
Similar results are found between ‘perceived usefulness’ and ‘behavioral intention’ to use the proposed
currency. Thus, through positive attitude, the respondent’s perceptions on the usefulness and ease of
use positively affect the behavioral intention of using the new system. The findings could assist the
policymakers in implementing local currency model to Orang Asli community to boost their economic
activities and pull them out from the circle of hardcore poverty among nations. |
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