The role of stock markets in promoting economic growth in Malaysia: Islamic vis-à-vis conventional

The role of stock markets in promoting economic growth in Malaysia: Islamic vis-à-vis conventional

The purpose of this study is to evaluate the dynamic effects of both Islamic and conventional stock markets development on the economic growth, particularly in Malaysia. The model estimation used to explain the relationship is the autoregressive distributed lag model with the variable of FTSE BM Ema...

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Main Authors: Abduh, Muhamad, Sukmana, Raditya
Format: Article
Language:English
Published: Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga Yogyakarta 2013
Subjects:
BP173.75 Islam and economics
HG4501 Stocks, investment, speculation
Online Access:http://irep.iium.edu.my/32295/
http://irep.iium.edu.my/32295/
http://irep.iium.edu.my/32295/1/Global_Review_of_Islamic_Economics_and_Business_%282013%29.pdf
id iium-32295
recordtype eprints
spelling iium-322952014-07-24T01:00:26Z http://irep.iium.edu.my/32295/ The role of stock markets in promoting economic growth in Malaysia: Islamic vis-à-vis conventional Abduh, Muhamad Sukmana, Raditya BP173.75 Islam and economics HG4501 Stocks, investment, speculation The purpose of this study is to evaluate the dynamic effects of both Islamic and conventional stock markets development on the economic growth, particularly in Malaysia. The model estimation used to explain the relationship is the autoregressive distributed lag model with the variable of FTSE BM Emas Shariah Index to represent Islamic securities and FTSE BM Composite Index to represent the conventional. The data coverage is from Q1:2000 to Q4:2011. The result shows that there is no evidence of co-integration between the conventional markets and economic growth while there is a co-integration found between Islamic markets and economic growth. Moreover, the relationship between the development of the Islamic stock markets and economic growth occurs to be bidirectional. Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga Yogyakarta 2013 Article PeerReviewed application/pdf en http://irep.iium.edu.my/32295/1/Global_Review_of_Islamic_Economics_and_Business_%282013%29.pdf Abduh, Muhamad and Sukmana, Raditya (2013) The role of stock markets in promoting economic growth in Malaysia: Islamic vis-à-vis conventional. Global Review of Islamic Economics and Business, 1 (1). pp. 1-12. ISSN 2338-7920 (O), 2338-2619 (P) http://febi.uin-suka.ac.id/page/news/view/18/Workshop___Call_For_Paper%E2%80%A6ic_Economics_and_Business.html
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic BP173.75 Islam and economics
HG4501 Stocks, investment, speculation
spellingShingle BP173.75 Islam and economics
HG4501 Stocks, investment, speculation
Abduh, Muhamad
Sukmana, Raditya
The role of stock markets in promoting economic growth in Malaysia: Islamic vis-à-vis conventional
description The purpose of this study is to evaluate the dynamic effects of both Islamic and conventional stock markets development on the economic growth, particularly in Malaysia. The model estimation used to explain the relationship is the autoregressive distributed lag model with the variable of FTSE BM Emas Shariah Index to represent Islamic securities and FTSE BM Composite Index to represent the conventional. The data coverage is from Q1:2000 to Q4:2011. The result shows that there is no evidence of co-integration between the conventional markets and economic growth while there is a co-integration found between Islamic markets and economic growth. Moreover, the relationship between the development of the Islamic stock markets and economic growth occurs to be bidirectional.
format Article
author Abduh, Muhamad
Sukmana, Raditya
author_facet Abduh, Muhamad
Sukmana, Raditya
author_sort Abduh, Muhamad
title The role of stock markets in promoting economic growth in Malaysia: Islamic vis-à-vis conventional
title_short The role of stock markets in promoting economic growth in Malaysia: Islamic vis-à-vis conventional
title_full The role of stock markets in promoting economic growth in Malaysia: Islamic vis-à-vis conventional
title_fullStr The role of stock markets in promoting economic growth in Malaysia: Islamic vis-à-vis conventional
title_full_unstemmed The role of stock markets in promoting economic growth in Malaysia: Islamic vis-à-vis conventional
title_sort role of stock markets in promoting economic growth in malaysia: islamic vis-à-vis conventional
publisher Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga Yogyakarta
publishDate 2013
url http://irep.iium.edu.my/32295/
http://irep.iium.edu.my/32295/
http://irep.iium.edu.my/32295/1/Global_Review_of_Islamic_Economics_and_Business_%282013%29.pdf
first_indexed 2023-09-18T20:46:37Z
last_indexed 2023-09-18T20:46:37Z
_version_ 1777409717943926784

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