Relationship between Macroeconomic Variables and Malaysia Available Shariah Indices

Abstract: This paper aims to study the relationship between local and foreign macroeconomic variables and Malaysia available Shariah Indices. In our study, we used the Vector Error Correction (VEC) framework by initially looking at the long run and short run relationship between Malaysia available Shariah indices (i.e. KLSI, FTSE Bursa Malaysia EMAS Shariah Index and FTSE Bursa Malaysia Hijrah Shariah Index) and the macroeconomic variables via the Johansen cointegration technique. Monthly data during the twenty two-year period (from January 1990 to December 2011) has been collected from DataStream and tested. The findings show positive relationship between the variables from 1990 to 2006. However, mix results were found after the period till 2011. This study then conclude that the standardized set of macroeconomic variables that specified by earlier researchers still can be relied but in careful policy formulation

Standort
Deutsche Nationalbibliothek Frankfurt am Main
Umfang
Online-Ressource
Sprache
Englisch
Anmerkungen
Preprint
begutachtet (peer reviewed)
In: 2012 IEEE Colloquium on Humanities, Science and Engineering (CHUSER 2012); Kota Kinabalu, Sabah, Malaysia 3-4 December 2012. 2012. ISBN 978-1-4673-4617-7

Klassifikation
Wirtschaft

Ereignis
Veröffentlichung
(wo)
Mannheim
(wer)
IEEE
(wann)
2012
Urheber
Abdullah, Azrul
Mat Isa, Norshamshina
Hassan, Zunairah

DOI
10.1109/CHUSER.2012.6504315
URN
urn:nbn:de:101:1-2019072014561237354475
Rechteinformation
Open Access unbekannt; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
Letzte Aktualisierung
25.03.2025, 13:55 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
Deutsche Nationalbibliothek. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Beteiligte

  • Abdullah, Azrul
  • Mat Isa, Norshamshina
  • Hassan, Zunairah
  • IEEE

Entstanden

  • 2012

Ähnliche Objekte (12)