Determinants Of Capital Flight In Malaysia
This study was intended to investigate factors affecting capital flight in Malaysia. The study used time series data from first quarter 1991 through fourth quarter 2008 and the data were tested using the Augmented Dickey-Fuller unit root test, Johansen-Juselius cointegration test, and vector error...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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JIFE-Journal.Org
2012
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| Online Access: | http://ir.unimas.my/id/eprint/18013/ http://ir.unimas.my/id/eprint/18013/1/DETERMINANTS%20OF%20CAPITAL%20FLIGHT%20IN%20MALAYSIA%20%28abstract%29.pdf |
| _version_ | 1848838416426336256 |
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| author | Puah, Chin Hong Liew, Siew-Ling Mohammad Affendy, Arip |
| author_facet | Puah, Chin Hong Liew, Siew-Ling Mohammad Affendy, Arip |
| author_sort | Puah, Chin Hong |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | This study was intended to investigate factors affecting capital flight in Malaysia. The study used time
series data from first quarter 1991 through fourth quarter 2008 and the data were tested using the
Augmented Dickey-Fuller unit root test, Johansen-Juselius cointegration test, and vector error-correction
modeling. Empirical findings indicated a stable long-run relationship between the variables under study.
Foreign direct investment and the stock market were found to have a positive impact on capital flight,
whereas real gross domestic product (GDP), budget deficit, and interest rate were negatively related to
capital flight. In addition, real GDP, interest rate, and budget deficit can Granger cause capital flight in the
short-run. |
| first_indexed | 2025-11-15T06:55:12Z |
| format | Article |
| id | unimas-18013 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:55:12Z |
| publishDate | 2012 |
| publisher | JIFE-Journal.Org |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-180132017-10-06T02:36:51Z http://ir.unimas.my/id/eprint/18013/ Determinants Of Capital Flight In Malaysia Puah, Chin Hong Liew, Siew-Ling Mohammad Affendy, Arip H Social Sciences (General) This study was intended to investigate factors affecting capital flight in Malaysia. The study used time series data from first quarter 1991 through fourth quarter 2008 and the data were tested using the Augmented Dickey-Fuller unit root test, Johansen-Juselius cointegration test, and vector error-correction modeling. Empirical findings indicated a stable long-run relationship between the variables under study. Foreign direct investment and the stock market were found to have a positive impact on capital flight, whereas real gross domestic product (GDP), budget deficit, and interest rate were negatively related to capital flight. In addition, real GDP, interest rate, and budget deficit can Granger cause capital flight in the short-run. JIFE-Journal.Org 2012 Article PeerReviewed text en http://ir.unimas.my/id/eprint/18013/1/DETERMINANTS%20OF%20CAPITAL%20FLIGHT%20IN%20MALAYSIA%20%28abstract%29.pdf Puah, Chin Hong and Liew, Siew-Ling and Mohammad Affendy, Arip (2012) Determinants Of Capital Flight In Malaysia. Journal of International Finance and Economics, 12 (3). ISSN 1555-6336 https://www.researchgate.net/publication/308076061 |
| spellingShingle | H Social Sciences (General) Puah, Chin Hong Liew, Siew-Ling Mohammad Affendy, Arip Determinants Of Capital Flight In Malaysia |
| title | Determinants Of Capital Flight In Malaysia |
| title_full | Determinants Of Capital Flight In Malaysia |
| title_fullStr | Determinants Of Capital Flight In Malaysia |
| title_full_unstemmed | Determinants Of Capital Flight In Malaysia |
| title_short | Determinants Of Capital Flight In Malaysia |
| title_sort | determinants of capital flight in malaysia |
| topic | H Social Sciences (General) |
| url | http://ir.unimas.my/id/eprint/18013/ http://ir.unimas.my/id/eprint/18013/ http://ir.unimas.my/id/eprint/18013/1/DETERMINANTS%20OF%20CAPITAL%20FLIGHT%20IN%20MALAYSIA%20%28abstract%29.pdf |