The Impact Of Islamic Financial Development On Malaysian Economic Growth

The protagonist of financial development in influencing economic growth through capital accumulation and productivity of capital has been the central issue in the economic growth literature. The interest-based conventional financial development provided several empirical shreds of evidence on this i...

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Main Author:	Musa, Gani Ibrahim
Format:	Thesis
Language:	English
Published:	2020
Subjects:	H1-99 Social sciences (General)
Online Access:	http://eprints.usm.my/52173/1/GANI%20IBRAHIM%20MUSA%20-%20TESIS%20cut.pdf
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record_format	uketd_dc
spelling	my-usm-ep.521732022-04-04T09:36:26Z The Impact Of Islamic Financial Development On Malaysian Economic Growth 2020-06 Musa, Gani Ibrahim H1-99 Social sciences (General) The protagonist of financial development in influencing economic growth through capital accumulation and productivity of capital has been the central issue in the economic growth literature. The interest-based conventional financial development provided several empirical shreds of evidence on this issue. However, the emergence and success of Islamic finance is a great achievement in a global financial development. Can Islamic financial development be able to influence economic growth? Therefore, this study aims to investigate the impact of Islamic financial development on Malaysian economic growth. Malaysia is the leading country in term of Islamic financial activities (NST 2018). This study examined Islamic banking and capital market development as the measures of Islamic financial development (IFD) on economic growth, through capital accumulation and productivity of capital, over the period from 1998 to 2018. It also determined the causal relationship between IFD and Malaysian economic growth. The study adopted time series co-integration techniques, which involve autoregressive distributive lag (ARDL) by Pesaran, Shin and Smith (2001), to determine the long-run and short-run relationship between IFD and economic growth. It further employed Granger vector error correction model (VECM) to determine the causal relationship between IFD indicators and economic growth in Malaysia. The findings show that Islamic banking and capital market development has a positive and significant relationship with economic growth in the long-run. 2020-06 Thesis http://eprints.usm.my/52173/ http://eprints.usm.my/52173/1/GANI%20IBRAHIM%20MUSA%20-%20TESIS%20cut.pdf application/pdf en public phd doctoral Universiti Sains Malaysia Pusat Pengajian Sains Kemasarakatan
institution	Universiti Sains Malaysia
collection	USM Institutional Repository
language	English
topic	H1-99 Social sciences (General)
spellingShingle	H1-99 Social sciences (General) Musa, Gani Ibrahim The Impact Of Islamic Financial Development On Malaysian Economic Growth
description	The protagonist of financial development in influencing economic growth through capital accumulation and productivity of capital has been the central issue in the economic growth literature. The interest-based conventional financial development provided several empirical shreds of evidence on this issue. However, the emergence and success of Islamic finance is a great achievement in a global financial development. Can Islamic financial development be able to influence economic growth? Therefore, this study aims to investigate the impact of Islamic financial development on Malaysian economic growth. Malaysia is the leading country in term of Islamic financial activities (NST 2018). This study examined Islamic banking and capital market development as the measures of Islamic financial development (IFD) on economic growth, through capital accumulation and productivity of capital, over the period from 1998 to 2018. It also determined the causal relationship between IFD and Malaysian economic growth. The study adopted time series co-integration techniques, which involve autoregressive distributive lag (ARDL) by Pesaran, Shin and Smith (2001), to determine the long-run and short-run relationship between IFD and economic growth. It further employed Granger vector error correction model (VECM) to determine the causal relationship between IFD indicators and economic growth in Malaysia. The findings show that Islamic banking and capital market development has a positive and significant relationship with economic growth in the long-run.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Musa, Gani Ibrahim
author_facet	Musa, Gani Ibrahim
author_sort	Musa, Gani Ibrahim
title	The Impact Of Islamic Financial Development On Malaysian Economic Growth
title_short	The Impact Of Islamic Financial Development On Malaysian Economic Growth
title_full	The Impact Of Islamic Financial Development On Malaysian Economic Growth
title_fullStr	The Impact Of Islamic Financial Development On Malaysian Economic Growth
title_full_unstemmed	The Impact Of Islamic Financial Development On Malaysian Economic Growth
title_sort	impact of islamic financial development on malaysian economic growth
granting_institution	Universiti Sains Malaysia
granting_department	Pusat Pengajian Sains Kemasarakatan
publishDate	2020
url	http://eprints.usm.my/52173/1/GANI%20IBRAHIM%20MUSA%20-%20TESIS%20cut.pdf
_version_	1747822140009218048

The Impact Of Islamic Financial Development On Malaysian Economic Growth

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