Determinants Of Capital Flight In Malaysia

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

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Official URL: https://www.researchgate.net/publication/308076061

Abstract

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.

Item Type: Article
Uncontrolled Keywords: Capital flight, Economic growth, VECM, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Ab Rahim
Date Deposited: 06 Oct 2017 02:36
Last Modified: 06 Oct 2017 02:36
URI: http://ir.unimas.my/id/eprint/18013

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