The Marshall-Lerner theorem claimed that when a currency is depreciated or devalued, trade balance will improve if sum of price elasticity of exports and imports in absolute term is more than one. The study aims to investigate the validity of the Marshall-Lerner theorem between Malaysia and the...

This study aims to identify the effect of international relations and the presence of structural change using Analysis of Covariance (ANCOVA) and Chow test respectively. It also aims to examine the long run relationships among Malaysia's GDP and inward FDI, as well as among Malaysia's total FDI...

When difference is seen as conflict, battle for cultural superiority emerged. Agenda of Ketuanan Melayu-Islam (Malay-Islam Supremacy) in Malaysia did not allow pluralism parity or even the existence of it but solitary cultural power. As the cities in Malaysia are the focal point of Western...

This paper attempts to identify the relationship between the real exchange rate and trade balance in Malaysia from year 1955 to 2006. This study uses Unit Root Tests, Cointegration techniques, Engle-Granger test, Vector Error Correction Model (VECM), and impulse response analyses. The main...

Stock market is a main source for raising new private capital in many developing countries including Malaysia. Therefore, its efficiency and leverage effect is utmost important and interest. This paper aims to estimate the leverage effect of Malaysian stock market using EGARCH as well as...

Stock market has been associated with economic growth through its role as source for new private capital. On the other hand, economic growth may be the catalyst for stock market growth. Thus, the purpose of this paper was to explore causal relationships between stock market and the economy using...

Research on foreign direct investment (FDI) often ignores the psychology aspect of relationship. The role of relationship is embedded in Bourdieu’s social capital, believing that networking and friendship could be valuable factors for attracting business. In macroeconomic context,...

Foreign direct investment (FDI) has been an important source of economic growth for Malaysia, bringing in capital investment, technology and management knowledge needed for economic growth. Thus, this paper aims to study the relationship between FDI and economic growth in Malaysia for the period...