Flood disaster and mining sector GDP growth: The case of Malaysia

Mining sector is one of a major sector of industrialized in many developing countries. Furthermore, many other major productive sectors of economy rely on the activities and output of mining sector.The sector of mining has significant socio economic environment and manpower effect in Malaysian econo...

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Main Authors: Meor Shaari, Mai Syaheera, Abd Karim, Mohd Zaini, Hasan Basri, Bakti
Format: Article
Language:English
Published: Research Academy of Social Sciences 2016
Subjects:
Online Access:https://repo.uum.edu.my/id/eprint/18241/1/IJMS%206%2011%202016%20544-553.pdf
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author Meor Shaari, Mai Syaheera
Abd Karim, Mohd Zaini
Hasan Basri, Bakti
author_facet Meor Shaari, Mai Syaheera
Abd Karim, Mohd Zaini
Hasan Basri, Bakti
author_sort Meor Shaari, Mai Syaheera
collection UUM
description Mining sector is one of a major sector of industrialized in many developing countries. Furthermore, many other major productive sectors of economy rely on the activities and output of mining sector.The sector of mining has significant socio economic environment and manpower effect in Malaysian economy.However, the occurrences of flood disaster in Malaysia are argued to have affected the mining sector.The purpose of this study is to examine the impact of flood disaster on the mining sector GDP growth in Malaysia for the period of 1960 to 2013. Several methods were employed to measure the impact of flood disaster on the mining sector GDP growth such as the Auto-regressive Distributed Lag (ARDL) bounds testing approach, the Error Correction Model (ECM) test, the cumulative sum (CUSUM) and cumulative sum of squares (CUSUMsq) tests. The findings suggest that flood negatively affect mining GDP growth in both short run and long run. Furthermore, the duration of flood gives most impact on the mining GDP growth in both long run and short run. The results of the study have important implications for the mining sector in both long run and short run.
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spelling uum-182412016-06-27T01:23:51Z https://repo.uum.edu.my/id/eprint/18241/ Flood disaster and mining sector GDP growth: The case of Malaysia Meor Shaari, Mai Syaheera Abd Karim, Mohd Zaini Hasan Basri, Bakti HC Economic History and Conditions Mining sector is one of a major sector of industrialized in many developing countries. Furthermore, many other major productive sectors of economy rely on the activities and output of mining sector.The sector of mining has significant socio economic environment and manpower effect in Malaysian economy.However, the occurrences of flood disaster in Malaysia are argued to have affected the mining sector.The purpose of this study is to examine the impact of flood disaster on the mining sector GDP growth in Malaysia for the period of 1960 to 2013. Several methods were employed to measure the impact of flood disaster on the mining sector GDP growth such as the Auto-regressive Distributed Lag (ARDL) bounds testing approach, the Error Correction Model (ECM) test, the cumulative sum (CUSUM) and cumulative sum of squares (CUSUMsq) tests. The findings suggest that flood negatively affect mining GDP growth in both short run and long run. Furthermore, the duration of flood gives most impact on the mining GDP growth in both long run and short run. The results of the study have important implications for the mining sector in both long run and short run. Research Academy of Social Sciences 2016 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/18241/1/IJMS%206%2011%202016%20544-553.pdf Meor Shaari, Mai Syaheera and Abd Karim, Mohd Zaini and Hasan Basri, Bakti (2016) Flood disaster and mining sector GDP growth: The case of Malaysia. International Journal of Management Sciences, 6 (11). pp. 544-533. ISSN 2310-2829 http://www.rassweb.com/wp-content/uploads/PDF/IJMS/Vol-6/Issue-11/Paper%204.pdf
spellingShingle HC Economic History and Conditions
Meor Shaari, Mai Syaheera
Abd Karim, Mohd Zaini
Hasan Basri, Bakti
Flood disaster and mining sector GDP growth: The case of Malaysia
title Flood disaster and mining sector GDP growth: The case of Malaysia
title_full Flood disaster and mining sector GDP growth: The case of Malaysia
title_fullStr Flood disaster and mining sector GDP growth: The case of Malaysia
title_full_unstemmed Flood disaster and mining sector GDP growth: The case of Malaysia
title_short Flood disaster and mining sector GDP growth: The case of Malaysia
title_sort flood disaster and mining sector gdp growth the case of malaysia
topic HC Economic History and Conditions
url https://repo.uum.edu.my/id/eprint/18241/1/IJMS%206%2011%202016%20544-553.pdf
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