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Category: Tourism and Hospitality

2007 promises to be an exciting year for the tourism industry. In an effort to further promote Malaysia’s image as a popular international tourist destination, the government has declared 2007 as Visit Malaysia Year (VMY). This is the third time that authorities have embarked on this campaign, following two previous successful efforts in the early 1990s.

Author: Wong, ChayNee.  Publication: MIERScan, 1 January 2007. [Download]

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Category: Tourism and Hospitality

The benefits of ecotourism for local communities can be broadly categorized as economic, socio-cultural and physical. The most  direct economic benefits are the improvements in employment and income. The National Ecotourism Plan recognises that local communities living at ecotourism site have generally low incomes. Hence, ecotourism provides a viable economic option for such communities.

Author: Wong, ChayNee.  Publication: 17 October 2005. [Download]

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Category: Tourism and Hospitality

 

Tourism represents an increasingly important sector of the Malaysian economy. The tourism industry has experienced rapid growth and has been identified as a key driver of the growth in the services sector. The industry continues to be a key foreign exchange earner, contributing to GDP (gross domestic product) growth, investment and employment as well as strengthening the services account of the balance of payments.

Author: Musalmah Johan.

Publication/Conference: MIERScan, 31 December 2007. [Download]
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Category: Domestic & International Trade
Though there is overwhelming evidence of long-term dependence in stock returns series, relatively less attention has been given to explore the factors that generate these long memory effects. Using the Hurst exponents reported by Cajueiro and Tabak (2007) for 41 countries and the available classification of legal systems, this paper explores whether cross-country variations in the degree of longterm dependence can be traced to historically determined differences in legal tradition. However, the statistical analysis conducted in this study reveals that the origin of laws does not really matter. Further investigation reveals that the long memory phenomenon in world stock markets documented by Cajueiro and Tabak (2007) can be explained by their respective level of stock market development, but the strong association between market development and legal family established in the law and finance literature does not hold up in the present study.  Source: ICFAI Journal of Applied Finance; May2008, Vol. 14 Issue 5, p57-68, 12p.  Author: Lim, Kian-Ping.  [Download]
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