Citation

Ahmad Suhaimi, Aiman Safwan and Ong, Hway-Boon (2022) Revisit Bonds Market and Aggregate Output Nexus: The Malaysian Case. International Journal of Management, Finance and Accounting, 3 (2). pp. 20-30. ISSN 2735-1009

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Abstract

The capability of the bonds market to channel savings to investors plays a significant role in promoting aggregate output. However, some recent studies argue that the connection between bond market development and economic activities is uncertain. The purpose of this study is to examine how the bonds market in Malaysia may affect its aggregate output based on the period between 1990 to 2020. The autoregressive distributed lag (ARDL) bounds test is applied to study the nexus of the bonds market and the aggregate output of Malaysia. The results suggest a positive effect of private and public bonds on the economy of Malaysia. The findings imply a long-term effect running from the bonds market to aggregate output, supporting the notion that the bonds market has a direct and positive effect on channelling a surplus of funds to finance economic activities in Malaysia.

Item Type:	Article
Uncontrolled Keywords:	Bonds market, Economic growth, Autoregressive Distributed Lag
Subjects:	H Social Sciences > HF Commerce > HF5001-6182 Business > HF5410-5417.5 Marketing. Distribution of products H Social Sciences > HG Finance > HG4501-6051 Investment, capital formation, speculation
Divisions:	Faculty of Management (FOM)
Depositing User:	Mr. MUHAMMAD AZRUL MOSRI
Date Deposited:	13 Aug 2024 03:17
Last Modified:	13 Aug 2024 03:17
URII:	http://shdl.mmu.edu.my/id/eprint/12792

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