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Zakat expenditure and economic growth in the Federal Territory of Malaysia

Yusoff, Mohammed and Densumite, Sorfina (2012) Zakat expenditure and economic growth in the Federal Territory of Malaysia. In: The 5th International Borneo Business Conference (IBBC) 2012 , 19-21 Decenber 2012, Tawau, Sabah.

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Abstract

This research paper aims to examine the impact of zakat distribution on growth in the Federal Territory Malaysia. Specifically, an econometric study is carried out to examine the ability of zakat expenditure to affect real economic growth in the Federal Territory Malaysia by employing various econometric procedures such as the unit root tests, the cointegration tests, the vector error-correction model (VECM), and the Granger causality tests. The findings of the study suggest that zakat expenditure has a positive relationship with real GDP in the long-run. The Granger causality test indicates that zakat spending causes real economic growth with no feedback. In other words, zakat expenditure could boost GDP in the Federal Territory Malaysia both in the short-run and long-run.

Item Type: Conference or Workshop Item (Full Paper)
Uncontrolled Keywords: zakat expenditure; growth; Federal Territory Malaysia
Subjects: H Social Sciences > HJ Public Finance > HJ7451 Expenditures. Government spending
Kulliyyahs/Centres/Divisions/Institutes: Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User: Professor Mohammed Yusoff
Date Deposited: 29 Jan 2013 11:03
Last Modified: 04 Apr 2013 10:01
URI: http://irep.iium.edu.my/id/eprint/28225

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