Determinants and prospect of bilateral trade flow of Malaysia and its African OIC member countries

International trade has always been playing a crucial role in the process of growth and development in Malaysia. This study examined the determinants and prospect of bilateral trade flow of Malaysia and Africa OIC member countries from the period 1985 to 2015.It is aimed to examine their trends, pat...

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Main Author:	Agboola, Yusuf Hammed
Format:	Thesis
Language:	eng eng aa eng
Published:	2018
Subjects:	HB Economic Theory HG Finance
Online Access:	https://etd.uum.edu.my/8579/1/Depositpermission_not%20allow_s901591.pdf https://etd.uum.edu.my/8579/2/s901591_01.pdf https://etd.uum.edu.my/8579/3/s901591_02.pdf https://etd.uum.edu.my/8579/4/s901591_references.docx
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id	my-uum-etd.8579
record_format	uketd_dc
spelling	my-uum-etd.85792021-09-01T01:02:09Z Determinants and prospect of bilateral trade flow of Malaysia and its African OIC member countries 2018 Agboola, Yusuf Hammed Zainal Abidin, Irwan Shah Bakar, Normizan School of Economics, Finance & Banking School of Economics, Finance & Banking HB Economic Theory HG Finance International trade has always been playing a crucial role in the process of growth and development in Malaysia. This study examined the determinants and prospect of bilateral trade flow of Malaysia and Africa OIC member countries from the period 1985 to 2015.It is aimed to examine their trends, pattern of trade, determinants of exports and imports, and assess their future prospects. Quantitative method of analysis was used to achieve the objectives of this study. The methods employed were dynamic panel data using Gravity Model (GM) of trade, Poisson Pseudo Maximum likelihood (PPML), and Dynamic Ordinary Least Square (DOLS), to test for the long run relationship. Findings from the gravity results showed that exports and imports flow from Malaysia to OIC countries in Africa were determined by bilateral distance, Gross Domestic Product (GDP) per capita, GDP similarities, common colony, population growth and exchange rate. However, weak institutional quality among the OIC countries in Africa have been hindering bilateral trade flows between Malaysia and OIC countries in Africa. On these premises, the study suggested that OIC countries in Africa must address their weak institutional structures within their region in order to enhance bilateral trade between Malaysia and OIC countries in Africa. Findings from the analyseswere constructed by employing the SWOT analysis to investigate future prospects of bilateral trade relationship between Malaysia and OIC member countries in Africa. Based on these findings, some policy issues were highlighted, and policy recommendations were developed, such as accelerating the effort to improve the environments of Islamic finance and banking, establishing the Islamic Common Market (ICM) and further liberalising the economy through tariff reduction. 2018 Thesis https://etd.uum.edu.my/8579/ https://etd.uum.edu.my/8579/1/Depositpermission_not%20allow_s901591.pdf text eng staffonly https://etd.uum.edu.my/8579/2/s901591_01.pdf text eng staffonly https://etd.uum.edu.my/8579/3/s901591_02.pdf text aa staffonly https://etd.uum.edu.my/8579/4/s901591_references.docx text eng public other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng aa eng
advisor	Zainal Abidin, Irwan Shah Bakar, Normizan
topic	HB Economic Theory HG Finance
spellingShingle	HB Economic Theory HG Finance Agboola, Yusuf Hammed Determinants and prospect of bilateral trade flow of Malaysia and its African OIC member countries
description	International trade has always been playing a crucial role in the process of growth and development in Malaysia. This study examined the determinants and prospect of bilateral trade flow of Malaysia and Africa OIC member countries from the period 1985 to 2015.It is aimed to examine their trends, pattern of trade, determinants of exports and imports, and assess their future prospects. Quantitative method of analysis was used to achieve the objectives of this study. The methods employed were dynamic panel data using Gravity Model (GM) of trade, Poisson Pseudo Maximum likelihood (PPML), and Dynamic Ordinary Least Square (DOLS), to test for the long run relationship. Findings from the gravity results showed that exports and imports flow from Malaysia to OIC countries in Africa were determined by bilateral distance, Gross Domestic Product (GDP) per capita, GDP similarities, common colony, population growth and exchange rate. However, weak institutional quality among the OIC countries in Africa have been hindering bilateral trade flows between Malaysia and OIC countries in Africa. On these premises, the study suggested that OIC countries in Africa must address their weak institutional structures within their region in order to enhance bilateral trade between Malaysia and OIC countries in Africa. Findings from the analyseswere constructed by employing the SWOT analysis to investigate future prospects of bilateral trade relationship between Malaysia and OIC member countries in Africa. Based on these findings, some policy issues were highlighted, and policy recommendations were developed, such as accelerating the effort to improve the environments of Islamic finance and banking, establishing the Islamic Common Market (ICM) and further liberalising the economy through tariff reduction.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Agboola, Yusuf Hammed
author_facet	Agboola, Yusuf Hammed
author_sort	Agboola, Yusuf Hammed
title	Determinants and prospect of bilateral trade flow of Malaysia and its African OIC member countries
title_short	Determinants and prospect of bilateral trade flow of Malaysia and its African OIC member countries
title_full	Determinants and prospect of bilateral trade flow of Malaysia and its African OIC member countries
title_fullStr	Determinants and prospect of bilateral trade flow of Malaysia and its African OIC member countries
title_full_unstemmed	Determinants and prospect of bilateral trade flow of Malaysia and its African OIC member countries
title_sort	determinants and prospect of bilateral trade flow of malaysia and its african oic member countries
granting_institution	Universiti Utara Malaysia
granting_department	School of Economics, Finance & Banking
publishDate	2018
url	https://etd.uum.edu.my/8579/1/Depositpermission_not%20allow_s901591.pdf https://etd.uum.edu.my/8579/2/s901591_01.pdf https://etd.uum.edu.my/8579/3/s901591_02.pdf https://etd.uum.edu.my/8579/4/s901591_references.docx
_version_	1747828417073512448

Determinants and prospect of bilateral trade flow of Malaysia and its African OIC member countries

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