Tag Archives: Economic growth

Stock Markets and Economic Growth: A Comparative Analysis between Islamic and Conventional Markets in Malaysia

Download: PDF Abstract This paper aims at examining the impact of Islamic and conventional stock markets upon the macroeconomic performance in Malaysia. Real GDP is used to represent economic growth; while Islamic market capitalisation ratio and conventional market capitalisation ratio are used to indicate the Islamic and conventional stock market development, respectively. Investment ratio and …

The Dynamics of Macroeconomics Variables and The Volatility of Indonesia Stock Markets: Evidence from Islamic and Conventional Stock Markets

Download: PDF Abstract This study aims to investigate the impact of the movement of macroeconomic variables upon the Indonesia stock markets, both Islamic and conventional stock markets, by using vector error correction model. The macroeconomic variables employed in the study are exchange rate, economic growth, and inflation within the period of January 2003 to December …

The Role of Stock Markets in Promoting Economic Growth in Malaysia: Islamic vis-à-vis Conventional

Download: PDF Abstract The purpose of this study is to evaluate the dynamic effects of both Islamic and conventional stock markets development on the economic growth, particularly in Malaysia. The model estimation used to explain the relationship is the autoregressive distributed lag model with the variable of FTSE BM Emas Shariah Index to represent Islamic …

Islamic Banking-Growth Nexus: Evidence from Toda-Yamamoto and Bootstrap Granger Causality Test

Download: PDF Abstract This paper examines the causal relationship between Islamic banking development and economic growth and between Islamic banking development and capital formation in the case of Malaysia. Different with other studies, this paper uses Toda-Yamamoto and bootstrap Granger non-causality test to reduce the size distortion in the data and provide more precise test …

Does Islamic Banking Matter for Economic Growth in Bangladesh?

Download: PDF Abstract Islamic banking started three decades ago in Bangladesh and was expected to have a significant relationship and contribution towards the economic growth of the country. This study aims to investigate the long run and dynamic relationship between Islamic banking development and economic growth in the case of Bangladesh. The quarterly time-series data …