Pub Date : 2019-08-16DOI: 10.37134/JCIT.VOL9.6.2019
K. Han, Y. An
With consideration to research nature, scope of available materials and industrial feature, we investigate cultivation of professionals in the three new marine industries such as marine energy, marine bio-industry and submarine hydrothermal deposits development. More specific, we investigate trends of marine science and technology manpower at the national level in Korea nurturing policy to forecast mid and long term expert manpower demand and to respond to trends and forecasts of major fields. Cultivation of necessary professionals is an essential prerequisite for growth of new marine industry and its contribution to national economy. Because the new marine industry was recently introduced, the established system and policies for professionals in science and technology did not reflect demand for this new industry, which requires improvement. Since new marine industry is a new field, it is difficult for customized talent to be supplied directly from existing manpower training system. Therefore, it is necessary to cultivate talented people with fused thinking and ability. In the existing system, it is necessary to strengthen efforts to develop professional manpower with fusion competence, and it is also necessary to make policy efforts to build a new system such as cooperation process.
{"title":"Growing Professionals in Science and Technology of Korea’s New Marine Industry Sector","authors":"K. Han, Y. An","doi":"10.37134/JCIT.VOL9.6.2019","DOIUrl":"https://doi.org/10.37134/JCIT.VOL9.6.2019","url":null,"abstract":"With consideration to research nature, scope of available materials and industrial feature, we investigate cultivation of professionals in the three new marine industries such as marine energy, marine bio-industry and submarine hydrothermal deposits development. More specific, we investigate trends of marine science and technology manpower at the national level in Korea nurturing policy to forecast mid and long term expert manpower demand and to respond to trends and forecasts of major fields. Cultivation of necessary professionals is an essential prerequisite for growth of new marine industry and its contribution to national economy. Because the new marine industry was recently introduced, the established system and policies for professionals in science and technology did not reflect demand for this new industry, which requires improvement. Since new marine industry is a new field, it is difficult for customized talent to be supplied directly from existing manpower training system. Therefore, it is necessary to cultivate talented people with fused thinking and ability. In the existing system, it is necessary to strengthen efforts to develop professional manpower with fusion competence, and it is also necessary to make policy efforts to build a new system such as cooperation process.","PeriodicalId":275871,"journal":{"name":"Journal of Contemporary Issues and Thought","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121807156","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-08-16DOI: 10.37134/JCIT.VOL9.4.2019
A. Aziz, T. Chan, S. Suresh, S. Renukappa
The tenth year anniversary of the Global Financial Crisis (GFC) provides an opportune moment to reflect on its true devastation on national industries. While many economists regard it as a global watershed, Indonesia was among the isolated few that emerged relatively unscathed. However it would be erroneous to assume that all of its economic sectors enjoyed the same fortune. A study was conducted to determine the most significant economic event for Indonesia’s public listed housing developers in the years leading up to, and after the GFC. Panel data regression analysis was conducted on the financial data of the sampled companies. The analysis shows that the GFC of 2008 was not the most significant event for the study period for housing market players, nor was it the previous year when housing investor confidence was shaken. Instead that accolade goes to the event of 2012. While public-listed non-financial companies were affected by the Eurozone Crisis that year, a combination of factors resulted in public-listed housing developers enjoying record financial performance. The study underscores the importance of conducting deep sectoral analysis before arriving at any conclusions regarding the impact of external shocks on particular economic sectors.
{"title":"How Significant was the Global Financial Crisis to Indonesia’s Public Listed Housing Developers?","authors":"A. Aziz, T. Chan, S. Suresh, S. Renukappa","doi":"10.37134/JCIT.VOL9.4.2019","DOIUrl":"https://doi.org/10.37134/JCIT.VOL9.4.2019","url":null,"abstract":"The tenth year anniversary of the Global Financial Crisis (GFC) provides an opportune moment to reflect on its true devastation on national industries. While many economists regard it as a global watershed, Indonesia was among the isolated few that emerged relatively unscathed. However it would be erroneous to assume that all of its economic sectors enjoyed the same fortune. A study was conducted to determine the most significant economic event for Indonesia’s public listed housing developers in the years leading up to, and after the GFC. Panel data regression analysis was conducted on the financial data of the sampled companies. The analysis shows that the GFC of 2008 was not the most significant event for the study period for housing market players, nor was it the previous year when housing investor confidence was shaken. Instead that accolade goes to the event of 2012. While public-listed non-financial companies were affected by the Eurozone Crisis that year, a combination of factors resulted in public-listed housing developers enjoying record financial performance. The study underscores the importance of conducting deep sectoral analysis before arriving at any conclusions regarding the impact of external shocks on particular economic sectors.","PeriodicalId":275871,"journal":{"name":"Journal of Contemporary Issues and Thought","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121483611","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-08-16DOI: 10.37134/JCIT.VOL9.3.2019
Umi Abidah Noor Osman, Ramlee Ismail
This study was conducted to measure the level of wellbeing among elderly in Selangor and effect of the determinants of subjective wellbeing (SWB) and income on the level of wellbeing among elderly in Selangor. A survey method was used to collect data. The sample comprised 480 respondents living in rural and urban area in Selangor. Regression analysis was performed to measure the influence of the determinants of subjective wellbeing (personal factor, social participation, financial and neighborhood) and income on the level of wellbeing among elderly in Selangor. The findings demonstrated that all the determinants have influence the level of wellbeing among elderly. While, income have less influence with the wellbeing. The implication of this study suggested that elderly must be provided with their needs to increase their level of wellbeing.
{"title":"The Effect of Determinants of Subjective Wellbeing on the Level of Wellbeing among Elderly in Selangor","authors":"Umi Abidah Noor Osman, Ramlee Ismail","doi":"10.37134/JCIT.VOL9.3.2019","DOIUrl":"https://doi.org/10.37134/JCIT.VOL9.3.2019","url":null,"abstract":"This study was conducted to measure the level of wellbeing among elderly in Selangor and effect of the determinants of subjective wellbeing (SWB) and income on the level of wellbeing among elderly in Selangor. A survey method was used to collect data. The sample comprised 480 respondents living in rural and urban area in Selangor. Regression analysis was performed to measure the influence of the determinants of subjective wellbeing (personal factor, social participation, financial and neighborhood) and income on the level of wellbeing among elderly in Selangor. The findings demonstrated that all the determinants have influence the level of wellbeing among elderly. While, income have less influence with the wellbeing. The implication of this study suggested that elderly must be provided with their needs to increase their level of wellbeing.","PeriodicalId":275871,"journal":{"name":"Journal of Contemporary Issues and Thought","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128916778","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-08-16DOI: 10.37134/JCIT.VOL9.5.2019
I. Adamu
This paper investigates the drives for increasing external debt in an open economy Nigeria over the period 1970 to 2017 using general to specific approach (GETS) approach (Hendry, 1995). The Johansen cointegration test confirms that variables have long run relationship. The empirical results for both long run and short run estimates indicate oil price, domestic savings and fiscal deficits play a significant role in increasing external debt in Nigeria. The study also found evidence that the dummy variables for exchange rate and debt relief also accelerate the growth of external. This finding indicates that, after the multilateral debt relief between 2005 and 2006, fresh loans are still coming to Nigeria. To this end, Nigeria should focus on investment in real sectors especially in agriculture and manufacturing to increase export performance. This would enable the country to generate adequate foreign earnings and stimulate domestic savings, and reduce reliance on oil revenue.
{"title":"Re-visiting the Drivers for Increasing External Debt","authors":"I. Adamu","doi":"10.37134/JCIT.VOL9.5.2019","DOIUrl":"https://doi.org/10.37134/JCIT.VOL9.5.2019","url":null,"abstract":"This paper investigates the drives for increasing external debt in an open economy Nigeria over the period 1970 to 2017 using general to specific approach (GETS) approach (Hendry, 1995). The Johansen cointegration test confirms that variables have long run relationship. The empirical results for both long run and short run estimates indicate oil price, domestic savings and fiscal deficits play a significant role in increasing external debt in Nigeria. The study also found evidence that the dummy variables for exchange rate and debt relief also accelerate the growth of external. This finding indicates that, after the multilateral debt relief between 2005 and 2006, fresh loans are still coming to Nigeria. To this end, Nigeria should focus on investment in real sectors especially in agriculture and manufacturing to increase export performance. This would enable the country to generate adequate foreign earnings and stimulate domestic savings, and reduce reliance on oil revenue.","PeriodicalId":275871,"journal":{"name":"Journal of Contemporary Issues and Thought","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123888536","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-08-15DOI: 10.37134/JCIT.VOL9.2.2019
Nik Zulkarnaen Bin Khidzir, Shekh Abdullah-Al-Musa Ahmed
Risk assessment really a complex decision-making process in the domain of in-formation security areas. There are a lot of unclear model of software domain and the lack of associated uncertainty are two main reasons that directly affect individual decisions making regarding risk assessment. When artificial enabled social engineering attacks are effectively may happening in every levels of domain. On the other hand, the risk assessment conducted on the safety requirements on artificial enabled social engineering attacks. So the simple meaning of social engineering is to refers to the psychologically and mentality use people to give secret information in the context of information security. A strategy of self-confidence for information collection, fraud, or access to the system, is different from a traditional "con" that it is often one of the more complex fraudulent schemes. That is why in this paper we proposed theoretical framework, which can not only demonstrate its potential for the risk assessment, but it can be sensitive and effective in analyzing a critical and uncertain operational environment that can address the extreme effects of information security.
{"title":"Viewpoint of Probabilistic Risk Assessment in Artificial Enabled Social Engineering Attacks","authors":"Nik Zulkarnaen Bin Khidzir, Shekh Abdullah-Al-Musa Ahmed","doi":"10.37134/JCIT.VOL9.2.2019","DOIUrl":"https://doi.org/10.37134/JCIT.VOL9.2.2019","url":null,"abstract":"Risk assessment really a complex decision-making process in the domain of in-formation security areas. There are a lot of unclear model of software domain and the lack of associated uncertainty are two main reasons that directly affect individual decisions making regarding risk assessment. When artificial enabled social engineering attacks are effectively may happening in every levels of domain. On the other hand, the risk assessment conducted on the safety requirements on artificial enabled social engineering attacks. So the simple meaning of social engineering is to refers to the psychologically and mentality use people to give secret information in the context of information security. A strategy of self-confidence for information collection, fraud, or access to the system, is different from a traditional \"con\" that it is often one of the more complex fraudulent schemes. That is why in this paper we proposed theoretical framework, which can not only demonstrate its potential for the risk assessment, but it can be sensitive and effective in analyzing a critical and uncertain operational environment that can address the extreme effects of information security.","PeriodicalId":275871,"journal":{"name":"Journal of Contemporary Issues and Thought","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116699365","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-08-15DOI: 10.37134/JCIT.VOL9.1.2019
L. Peng, Chung Chay Yoke, Tee Peck Ling, S. Kandasamy, Ung Leng Yean
The Earth is sick! The fact of climate change is now widely accepted by every major scientific body universally. The environment is positing challenges to everyone. People around the world have taken notice of the world's ills, and major governments are working on solutions to curb with the pressing issues to slow down the effects and begin to shape a better world for the future. Some of the initiatives by the Malaysian Government is the introduction of tax incentives among the companies. This study aims to provide an overview of the current tax incentive issues among companies in Malaysia. Purposive sampling method was adopted to collect responses from Malaysian companies by using a semi-structured questionnaire. The results reveal that majority of the companies acknowledged the predicament of rising production cost and emerging environmental issues yet most of them are unaware about the tax incentives offered by the Government. The study informed that the facilitating factors for tax incentives application and implementation are the companies’ financial resources; supportive management, and the clear directives from the Government. Time consuming in studying the requirement, complicated procedures and benefit reap from the tax incentives application are the main barriers that contribute to low tax incentive applications. This study contributes by providing a timely review of current tax incentives situations in Malaysia and proposals for better utilisation of tax incentives for companies’ performance.
{"title":"An Overview of Current Tax Incentives Matters Among Companies in Malaysia","authors":"L. Peng, Chung Chay Yoke, Tee Peck Ling, S. Kandasamy, Ung Leng Yean","doi":"10.37134/JCIT.VOL9.1.2019","DOIUrl":"https://doi.org/10.37134/JCIT.VOL9.1.2019","url":null,"abstract":"The Earth is sick! The fact of climate change is now widely accepted by every major scientific body universally. The environment is positing challenges to everyone. People around the world have taken notice of the world's ills, and major governments are working on solutions to curb with the pressing issues to slow down the effects and begin to shape a better world for the future. Some of the initiatives by the Malaysian Government is the introduction of tax incentives among the companies. This study aims to provide an overview of the current tax incentive issues among companies in Malaysia. Purposive sampling method was adopted to collect responses from Malaysian companies by using a semi-structured questionnaire. The results reveal that majority of the companies acknowledged the predicament of rising production cost and emerging environmental issues yet most of them are unaware about the tax incentives offered by the Government. The study informed that the facilitating factors for tax incentives application and implementation are the companies’ financial resources; supportive management, and the clear directives from the Government. Time consuming in studying the requirement, complicated procedures and benefit reap from the tax incentives application are the main barriers that contribute to low tax incentive applications. This study contributes by providing a timely review of current tax incentives situations in Malaysia and proposals for better utilisation of tax incentives for companies’ performance.","PeriodicalId":275871,"journal":{"name":"Journal of Contemporary Issues and Thought","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131886036","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-10-13DOI: 10.37134/JCIT.VOL8.8.2018
Chooi-Yi Wei, Lai-Kwan Chin, Y. Kuah, Mei-Si Chia
In line with the advance in technology and the increasing demands for better services, the market for credit card has shown tremendous growth performance,. The genuine usage of credit card in the form of convenience has diverged to associate with overspending, irresponsibility, revolving liability and bankruptcy. This infers that the possession of credit cards has brought upon a change in consumers’ usage behaviors. Thus, this study aims to determine the academicians’ credit card usage behaviors in a private tertiary institution in Malaysia. The dependent variable is usage behavior and the independent variables that serve as attributes are personal attitude, spending and repayment patterns. Meanwhile, the moderating variable in this study is gender. Data obtained via questionnaire were keyed into Statistical Packages for Social Science (SPSS) version 22.0 to generate descriptive statistics such as the demographic profile of respondents and inferential analysis such as independent sample t-test, Pearson correlation and reliability test. The finding revealed that repayment patterns are the most significant attribute of academicians’ credit card usage behaviors. On the other hand, there are no differences in credit card usage behavior between male and female academicians. Outcome from this study enable the government and credit card companies to relook on the requirement of granting credit card by taking into consideration of the holder’s repayment ability. This enables to produce a financially healthier and educated society and also to reach to the younger generations’ positively through the influence of the academicians.
{"title":"ATTRIBUTES OF ACADEMICIANS' CREDIT CARD USAGE BEHAVIORS IN MALAYSIA","authors":"Chooi-Yi Wei, Lai-Kwan Chin, Y. Kuah, Mei-Si Chia","doi":"10.37134/JCIT.VOL8.8.2018","DOIUrl":"https://doi.org/10.37134/JCIT.VOL8.8.2018","url":null,"abstract":"In line with the advance in technology and the increasing demands for better services, the market for credit card has shown tremendous growth performance,. The genuine usage of credit card in the form of convenience has diverged to associate with overspending, irresponsibility, revolving liability and bankruptcy. This infers that the possession of credit cards has brought upon a change in consumers’ usage behaviors. Thus, this study aims to determine the academicians’ credit card usage behaviors in a private tertiary institution in Malaysia. The dependent variable is usage behavior and the independent variables that serve as attributes are personal attitude, spending and repayment patterns. Meanwhile, the moderating variable in this study is gender. Data obtained via questionnaire were keyed into Statistical Packages for Social Science (SPSS) version 22.0 to generate descriptive statistics such as the demographic profile of respondents and inferential analysis such as independent sample t-test, Pearson correlation and reliability test. The finding revealed that repayment patterns are the most significant attribute of academicians’ credit card usage behaviors. On the other hand, there are no differences in credit card usage behavior between male and female academicians. Outcome from this study enable the government and credit card companies to relook on the requirement of granting credit card by taking into consideration of the holder’s repayment ability. This enables to produce a financially healthier and educated society and also to reach to the younger generations’ positively through the influence of the academicians.","PeriodicalId":275871,"journal":{"name":"Journal of Contemporary Issues and Thought","volume":"218 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123297910","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-10-04DOI: 10.37134/jcit.vol8.7.2018
P. Tee, N. Aik, Y. Khong
Due to differences in opinions and goals, disagreement within the board of directors is common in corporate world. Conflicts in the boardrooms can occur not just between groups of shareholders trying to acquire controlling interest in a company, but also between executive and non-executive directors who represent different stakeholders. Reputation damaging effects model predicts that boardroom tussle events have negative influence on stock returns, whilst the concentration of ownership and control that followed after the tussles can reduce agency problem and positively influence stock returns. This research includes all the 30 events of boardroom tussles involving 10 public listed companies over the period from year 2014 to year 2017 that are announced in Bursa Malaysia website as the sample. This research applies paired-sample compare means ttest method with hypothesized mean difference value of zero to determine whether cumulative abnormal return (CAR) is significant over various event windows for boardroom tussles. Results show that CAR is generally positive before the announcement, but become negative thereafter. In addition, CAR of affected companies is significantly negative over the period of five trading days after the event, indicating that the Malaysian stock market might not be semi-strong form efficient. Stock traders can utilise public information on boardroom tussle to sell the shares of affected company and purchase back five trading days later to earn an abnormal profit.
{"title":"EFFECTS OF BOARDROOM TUSSLE ON STOCK RETURN OF MALAYSIAN LISTED COMPANIES","authors":"P. Tee, N. Aik, Y. Khong","doi":"10.37134/jcit.vol8.7.2018","DOIUrl":"https://doi.org/10.37134/jcit.vol8.7.2018","url":null,"abstract":"Due to differences in opinions and goals, disagreement within the board of directors is common in corporate world. Conflicts in the boardrooms can occur not just between groups of shareholders trying to acquire controlling interest in a company, but also between executive and non-executive directors who represent different stakeholders. Reputation damaging effects model predicts that boardroom tussle events have negative influence on stock returns, whilst the concentration of ownership and control that followed after the tussles can reduce agency problem and positively influence stock returns. This research includes all the 30 events of boardroom tussles involving 10 public listed companies over the period from year 2014 to year 2017 that are announced in Bursa Malaysia website as the sample. This research applies paired-sample compare means ttest method with hypothesized mean difference value of zero to determine whether cumulative abnormal return (CAR) is significant over various event windows for boardroom tussles. Results show that CAR is generally positive before the announcement, but become negative thereafter. In addition, CAR of affected companies is significantly negative over the period of five trading days after the event, indicating that the Malaysian stock market might not be semi-strong form efficient. Stock traders can utilise public information on boardroom tussle to sell the shares of affected company and purchase back five trading days later to earn an abnormal profit.","PeriodicalId":275871,"journal":{"name":"Journal of Contemporary Issues and Thought","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130837450","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-09-17DOI: 10.37134/JCIT.VOL8.4.2018
M. Habibullah, N. Sanusi, L. Abdullah, Suhal Kusairi, A. G. Hassan, Normi Azura Ghazali
Malaysia is targeting to becoming a develop nation by 2020. However, income disparity between the developed and less developed states in Malaysia has persisted for more than 50 years without any sign of narrowing the gap in the future. Despite the various Malaysia Development Plans for the past several decades, regional disparity between states remains. Thus, the objective of the present paper is to address the question whether the less developed states, namely; Kedah, Kelantan, Pahang, Perlis, Sabah, Sarawak and Terengganu are catching-up with the more richer state of Selangor. Using annual data for the period 1970 to 2013, by employing the error-correction model our results suggests that there is cointegration and thus, imply convergence between less developed states and Selangor. Our catch-up analyses suggest that there is narrowing of disparity between Selangor and the less developed states. In this respect, the state government has an important role to play in enhancing growth by continuously providing stable economic environment for investment and other productive economic activities. This will ensure full convergence can take place at a faster rate in the future.
{"title":"DOES THE LESS DEVELOPED STATES IN MALAYSIA CATCHING-UP TO THE RICHER STATE OF SELANGOR?","authors":"M. Habibullah, N. Sanusi, L. Abdullah, Suhal Kusairi, A. G. Hassan, Normi Azura Ghazali","doi":"10.37134/JCIT.VOL8.4.2018","DOIUrl":"https://doi.org/10.37134/JCIT.VOL8.4.2018","url":null,"abstract":"Malaysia is targeting to becoming a develop nation by 2020. However, income disparity between the developed and less developed states in Malaysia has persisted for more than 50 years without any sign of narrowing the gap in the future. Despite the various Malaysia Development Plans for the past several decades, regional disparity between states remains. Thus, the objective of the present paper is to address the question whether the less developed states, namely; Kedah, Kelantan, Pahang, Perlis, Sabah, Sarawak and Terengganu are catching-up with the more richer state of Selangor. Using annual data for the period 1970 to 2013, by employing the error-correction model our results suggests that there is cointegration and thus, imply convergence between less developed states and Selangor. Our catch-up analyses suggest that there is narrowing of disparity between Selangor and the less developed states. In this respect, the state government has an important role to play in enhancing growth by continuously providing stable economic environment for investment and other productive economic activities. This will ensure full convergence can take place at a faster rate in the future.","PeriodicalId":275871,"journal":{"name":"Journal of Contemporary Issues and Thought","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131757616","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-09-17DOI: 10.37134/JCIT.VOL8.5.2018
T. Salako, A. Azeez
Al-Hayat Relief Foundation was established as a non-governmental organization (NGO) about seventeen years ago purposely to alleviate poverty among Nigerian Muslims. The organization claims to have adopted Islamic framework of financing. This paper assessed the economic and social impacts of the foundation on its members. It also examined the extent by which the foundation complies with the principles of Islamic economic system. Three hypotheses were designed to assess the variables and the Shariah compliance programmes of the foundation. The paper adopted a descriptive research survey method. A self-developed questionnaire was the instrument used for data collection. Descriptive analysis was used to analyze the data collected from the responses to the questionnaire. Using SPSS 2011 version package, Pearson’s correlation analysis was used for the verification of null hypotheses. The findings revealed that the foundation contributes meaningfully to the economic and social well being of the people and that the programmes carried out by the foundation are shariah compliant to a reasonable level.
{"title":"SEMI-FORMAL ISLAMIC MICROFINANCE INSTITUTIONS IN NIGERIA: THE EXPERIENCE OF AL-HAYAT RELIEF FOUNDATION","authors":"T. Salako, A. Azeez","doi":"10.37134/JCIT.VOL8.5.2018","DOIUrl":"https://doi.org/10.37134/JCIT.VOL8.5.2018","url":null,"abstract":"Al-Hayat Relief Foundation was established as a non-governmental organization (NGO) about seventeen years ago purposely to alleviate poverty among Nigerian Muslims. The organization claims to have adopted Islamic framework of financing. This paper assessed the economic and social impacts of the foundation on its members. It also examined the extent by which the foundation complies with the principles of Islamic economic system. Three hypotheses were designed to assess the variables and the Shariah compliance programmes of the foundation. The paper adopted a descriptive research survey method. A self-developed questionnaire was the instrument used for data collection. Descriptive analysis was used to analyze the data collected from the responses to the questionnaire. Using SPSS 2011 version package, Pearson’s correlation analysis was used for the verification of null hypotheses. The findings revealed that the foundation contributes meaningfully to the economic and social well being of the people and that the programmes carried out by the foundation are shariah compliant to a reasonable level.","PeriodicalId":275871,"journal":{"name":"Journal of Contemporary Issues and Thought","volume":"322 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122438279","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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