Muhammad Ahmad Mazher
University Kuala Lumpur (UniKL), Malaysia

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DETERMINING FACTOR FOR MALAYSIAN MONEY DEMAND FUNCTION Muhammad Ahmad Mazher; Jauhari Dahlan
International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 4, No 03 (2020): IJEBAR, VOL. 04 ISSUE 03, SEPTEMBER 2020
Publisher : LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/ijebar.v4i03.1091

Abstract

The reason for our study was to determine the factors that influence the role of money demand in the Malaysian economy. We implicit various economic factors comprise real CPI, real interest rate, financial innovation, and real GDP and analyzed through implying ARDL Bound test for short-run and the long-run period over 1970-2018 time-series data. Based on empirical results, we revealed that over the short-run period, financial innovation having positive and significant while real GDP has a negative and significant relationship with real money demand function in Malaysia. The official real exchange rate has a positive and significant relationship with real money demand, with an increase of one unit in the real exchange rate, increasing the money demand function by 0.97 in the long term. More, negative and significant relationships revealed among real GDP and real money demand function which direct that by increase 1% change in real GDP direct to decrease in real money demand by 0.6395 in the Malaysian economy and finally real money demand predicted 13.0796 when all independent variable is zero in the Malaysian economy.
Developing economies and environmental impact: A VECM analysis of external debt, ODA, and CO2 Muhammad Ahmad Mazher; Yasotha Nair Tramankuti; Zurul Aisya Osman
Journal of Commerce, Management, and Tourism Studies Vol. 2 No. 3 (2023): Dec 2023
Publisher : YAYASAN MITRA PERSADA NUSANTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58881/jcmts.v2i3.143

Abstract

The objective of this study is to examine the carbon dioxide (CO2) emissions in Asian economies between 1990 and 2019, with a specific focus on their relationship with net official development assistance (NODA) and external debt. Utilizing the IPAT model as a theoretical framework, we employ various econometric methodologies to estimate both long-term and short-term outcomes. These methodologies encompass panel unit-root tests, cointegration techniques, and the VECM method. The findings of the research provide additional substantiation for the presence of cointegration among all variables. The analysis of long-term data revealed a robust and statistically significant relationship between gross domestic product (GDP) and carbon dioxide (CO2) emissions. Conversely, a strong and inverse connection was identified between foreign debt and net official development assistance (NODA). The results indicated a modest but favorable relationship between the size of the Asian population and the levels of CO2 emissions. The segment of recommendations encompasses comprehensive proposals and an extensive examination of various alternatives.