This paper examines to what extent financial development contributes to output expansion in Malaysia, during the period 1960-2003. An augmented neoclassical growth framework is adopted to provide an evaluation of the impact of financial sector development on economic development. Using the recently developed ARDL bounds procedure, the results show that aggregate output and its determinants are ...

The paper extends the literature on financial development, inflation, and growth by using the idea that both the rates of return on physical and human capital affect growth. This leads to the introduction of the investment rate into the model, as a proxy for the return to physical capital, along with the inflation rate as a variable affecting the return to human capital. As a result financial d...

The Process of developing large software systems creates many source code files with complex inter-dependencies. Clusters of mutually dependent files introduce the possibility of a chain of forced consequential changes when a single cluster member file is changed. The software development risk model, developed here, shows that the density of dependencies within such clusters plays a crucial rol...

With more than 35 years of innovation in spectroscopy, ABB presents its most recent addition to the proven MR product line. This instrument, called MR-i, is a fast imaging Fourier Transform spectroradiometer. It generates spectral data cubes in the MWIR and LWIR and is designed to acquire the spectral signature of various scenes with high temporal, spatial and spectral resolution. MR-i features...

This study investigates the effects of  macroeconomic variables and their role in development of foreign exchange market. The foreign exchange market is the mechanism by which a person of firm transfers purchasing power form one country to another, obtains or provides credit for international trade transactions, and minimizes exposure to foreign exchange risk. The foreign exchange transaction i...

This study investigates the effects of  macroeconomic variables and their role in development of foreign exchange market. The foreign exchange market is the mechanism by which a person of firm transfers purchasing power form one country to another, obtains or provides credit for international trade transactions, and minimizes exposure to foreign exchange risk. The foreign exchange transaction i...