Since 2014
Aliran Kewangan Haram, Institusi, Liberalisasi Kewangan dan Keterbukaan Perdagangan: Analisis Data Panel (Illicit Financial Flow, Institutions, Financial Liberalization and Trade Openness: A Panel Data Analysis)
Asian Journal of Accounting and Governance
View Archive Info| Field | Value | |
| Title |
Aliran Kewangan Haram, Institusi, Liberalisasi Kewangan dan Keterbukaan Perdagangan: Analisis Data Panel (Illicit Financial Flow, Institutions, Financial Liberalization and Trade Openness: A Panel Data Analysis)
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| Creator |
Abdul Karim, Zulkefly
Nizam, Rosmah Sarmidi, Tamat |
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| Subject |
Illicit financial flow; institutions; financial liberalization; trade openness; static panel data
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| Description |
Kertas ini bertujuan untuk mengkaji pengaruh faktor institusi, liberalisasi kewangan dan keterbukaan perdagangan terhadap aliran kewangan haram daripada negara sedang membangun terpilih (95 buah negara) untuk tempoh tahun 2000-2008. Untuk mengukur aliran kewangan haram, kajian ini menggunakan model yang dikemukakan oleh IMF iaitu ukuran ‘trade mispricing’ (GER-Gross Excluding Reversals). Keputusan kajian dengan menggunakan analisis data panel statik (kesan tetap dan kesan rambang) mendapati faktor institusi, tahap liberalisasi kewangan, dan keterbukaan perdagangan signifikan mempengaruhi aliran kewangan haram. Implikasi dasar daripada kajian ini menunjukkan kepentingan peranan kerajaan dalam mengawal kualiti institusi daripada aspek kestabilan kerajaan, kadar rasuah dan undang-undang untuk mengekang aliran kewangan haram. Selain itu, kerajaan juga perlu mengawal dasar liberalisasi kewangan melalui kawalan modal agar masalah peningkatan aliran kewangan haram dapat diatasi.This paper aims to investigate the influence of institution factors, financial liberalization and trade openness on the outflow of illicit financial flow from selected developing countries (95 countries) for the period of 2000-2008. To measure the outflow of illicit financial, this study used the model proposed by the IMF, a measure of trade mispricing (GER-Gross Excluding Reversals). Findings of the study using static panel data analysis (fixed effects and random effects) found that institutional factors, the level of financial liberalization, and trade openness are statistically significance in influencing the illicit financial flow. The policy implications of this study indicated that the importance of government in controlling the quality of institutions in terms of government stability, corruption and law in restricting the inflow of illicit financial. In addition, the government also need to control their financial liberalization policy through capital control in mitigating the inflow of illicit financial.
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| Publisher |
Penerbit UKM
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| Contributor |
—
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| Date |
2014-06-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://ejournal.ukm.my/ajac/article/view/5772
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| Source |
Asian Journal of Accounting and Governance; Vol 4 (2013); 21-30
2180-3838 |
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| Language |
eng
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| Relation |
http://ejournal.ukm.my/ajac/article/view/5772/2800
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| Rights |
Authors who publish with this journal agree to the following terms:Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
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