Evidence Of Wealth Effects Research Articles

The impact of health worker migration on development dynamics: evidence of wealth effects from Africa

This article examines three relevant hypotheses on the effect of health worker migration on human development and economic prosperity (at the macro- and micro-levels) in Africa. Owing to the lack of relevant data on health human resource (HHR) migration for the continent, the subject matter has remained empirically void over the last decades despite the acute concern about health professional emigration. Using quantile regression, the following findings have been established. (1) The effect of HHR emigration is positive (negative) at low (high) levels of economic growth. (2) HHR emigration improves (mitigates) human development (GDP per capita growth) in low (high) quantiles of the distribution. (3) Specific differences in effects are found in top quantiles of human development and low quantiles of GDP per capita growth where the physician (nurse) emigration elasticities of development are positive (negative) and negative (positive), respectively. As a policy implication, blanket health-worker emigration control policies are unlikely to succeed across countries with different levels of human development and economic prosperity. Hence, the policies should be contingent on the prevailing levels of development and tailored differently across the most and least developed African countries.

Wealth Effect or Credit-Price Effect? Evidence from Malaysia

This paper examines the dynamic linkages between house price indices, interest rates and stock prices in Malaysia. We find mixed evidence of credit-price and wealth effects. For Malaysia as a whole, and for all houses, there is a wealth effect. For several specific types of housing (terrace, detached, semi-detached) there is a credit-price effect. We find much more evidence of a wealth effect in the developed states of Penang and Selangor. A likely explanation is that in these states, compared with the Malaysian average, housing is relatively expensive, income is relatively high and real estate is used much more as an investment vehicle by both wealthy Malaysians and foreigners.

The Impact of Health Worker Migration on Development Dynamics: Evidence of Wealth-Effects from Africa

The Impact of Health Worker Migration on Development Dynamics: Evidence of Wealth-Effects from Africa

A comprehensive look at the re-examination of the re-evaluation effect of auditor switch and its determinants in Malaysia: a post crisis analysis from Bursa Malaysia

This study examines economic rational for auditor switch and its impact on share revaluation of 51 switched firms main board of Bursa Malaysia for the post crisis period (1997-2002). This study adopted both logistic regression model and event study methodology to examine the determinants of auditor switches and its impact to share price. Findings show that the auditor switch decision of Malaysian listed firms for post crisis period has been partly explained by audit report, turnover growth and firm's performance. While, findings suggest no significant evidence of wealth effect from auditor switch announcements once switches were divided along the line of auditor switch type, different findings emerged.