Tan, Cai Fang (2007) The linkage between employees provident fund and Malaysia economic growth. Universiti Malaysia Sabah. (Unpublished)
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Abstract
Employees' Provident Fund (EPF) often views as a type of social security to provide financial assistance beyond retirement. Yet it can be viewed from another prospect which acts as a capital to stimulate economic growth. Economic theory and empirical results suggest that pension funds can affect economy growth indirectly through financial market development and by its economic wide impact through corporate engagement. However, research on the extent to which growth in EPF contributes directly to economic growth is quite scarce. In this paper, Cobb-Douglas production function was modified with EPF asset as a shift factor to investigate the direct link between EPF asset and economic growth. Econometric methods were used to examine Malaysia dataset covering from year 1980 to year 2005. However, empirical results does not successfully support that there is a direct impact on EPF towards economic growth.
| Item Type: | Academic Exercise |
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| Keyword: | Employees' Provident Fund (EPF), social security, retirement, economic growth |
| Subjects: | H Social Sciences > HB Economic theory. Demography |
| Department: | SCHOOL > School of Science and Technology |
| Depositing User: | SITI AZIZAH BINTI IDRIS - |
| Date Deposited: | 08 Oct 2013 12:23 |
| Last Modified: | 17 Oct 2017 12:06 |
| URI: | https://eprints.ums.edu.my/id/eprint/7208 |
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