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 GDP deflator are added as controlled variables for both models. The results shows there is a bidirectional relationship between Islamic stock markets and economic growth in Malaysia, and the contribution towards the economic growth is seemed to be indirectly through its impact on investment.

On the other hand, there is a unidirectional relationship between conventional stock markets and economic performance in Malaysia, in which the development of conventional stock market causes the growth.

Stock market, tax revenue and economic growth: A case-study of Malaysia - IEEE Xplore Document

Interestingly, the impact of the development on conventional stock market upon economic growth is more than the impact of the Islamic one. The exogeneity test shows that both the Islamic and conventional stock markets development stock market tax revenue and economic growth a case-study of malaysia found to es forex un buen negocio super-exogenous.

Inderscience Publishers Subscribe Authors Librarians. Basheer Hussein Motawe Altarturi Related information 1 IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia, Kuala Fund forex paypal, Malaysia.

Islamic financecapital marketseconomic growthstock marketsMalaysiaGDPgross domestic productIslamic marketsmarket capitalisationinvestment ratiosuper-exogenous development. Middle East Journal of Management Middle East Journal of Management.

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Tax Revenue, Stock Market and Economic Growth of Pakistan | Attari | Acta Universitatis Danubius. Œconomica

Related Content Search Find related content By Keyword Islamic finance capital markets economic growth stock markets Malaysia GDP gross domestic product Islamic markets market capitalisation investment ratio super-exogenous development. By Author Basheer Hussein Motawe Altarturi Muhamad Abduh. Most Read Most Cited.

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