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...

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Main Authors:	Duasa, Jarita, Mohd Thas Thaker, Mohamed Asmy, Rahman, Maya Puspa
Format:	Article
Language:	English
Published:	2018
Subjects:	H Social Sciences (General)
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

id	iium-66458
recordtype	eprints
spelling	iium-664582018-10-05T01:56:36Z http://irep.iium.edu.my/66458/ Local currency model: to boost economic activities of indigenous community in Malaysia Duasa, Jarita Mohd Thas Thaker, Mohamed Asmy Rahman, Maya Puspa H Social Sciences (General) 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. 2018-09-22 Article PeerReviewed application/pdf en http://irep.iium.edu.my/66458/1/tojdac_v080SSE175.pdf Duasa, Jarita and Mohd Thas Thaker, Mohamed Asmy and Rahman, Maya Puspa (2018) Local currency model: to boost economic activities of indigenous community in Malaysia. Turkish Online Journal of Design, Art and Communication (TOJDAC), September 2018 Special Edition. pp. 1-8. ISSN 2146-5193 http://www.tojdac.org/tojdac/VOLUME8-SPTMSPCL_files/tojdac_v080SSE175.pdf 10.7456/1080SSE/175
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General)
spellingShingle	H Social Sciences (General) Duasa, Jarita Mohd Thas Thaker, Mohamed Asmy Rahman, Maya Puspa Local currency model: to boost economic activities of indigenous community in Malaysia
description	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.
format	Article
author	Duasa, Jarita Mohd Thas Thaker, Mohamed Asmy Rahman, Maya Puspa
author_facet	Duasa, Jarita Mohd Thas Thaker, Mohamed Asmy Rahman, Maya Puspa
author_sort	Duasa, Jarita
title	Local currency model: to boost economic activities of indigenous community in Malaysia
title_short	Local currency model: to boost economic activities of indigenous community in Malaysia
title_full	Local currency model: to boost economic activities of indigenous community in Malaysia
title_fullStr	Local currency model: to boost economic activities of indigenous community in Malaysia
title_full_unstemmed	Local currency model: to boost economic activities of indigenous community in Malaysia
title_sort	local currency model: to boost economic activities of indigenous community in malaysia
publishDate	2018
url	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
first_indexed	2023-09-18T21:34:21Z
last_indexed	2023-09-18T21:34:21Z
_version_	1777412720965976064

Local currency model: to boost economic activities of indigenous community in Malaysia

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