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Pelarian Dana: Bukti Baharu Peranan Modal Manusia

Author

Listed:
  • Sarmidi, Tamat

    (Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia MALAYSIA)

  • Mohd Nor, Abu Hassan Shaari

    (Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia MALAYSIA)

  • Zaidi, Mohd Azlan Shah

    (Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia MALAYSIA)

  • Abdul Basar, Umar

    (Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia MALAYSIA)

Abstract

Many studies have been initiated to investigate issues of capital flight since early 1980s. However, the studies focused mainly on fine-tuning the calculation method and major causes of capital flight. This study takes a step further by proposing human capital factor to moderate the negative impacts of economic risk and institutional risk to the capital flight. The purpose of this paper is to examine the relationship between the capital flight and human capital using dynamic panel system. The result shows that the estimated coefficient of human capital has a negative relationship with the capital flight activities. This finding explains that human capital can reduce the intensity of capital flight by increasing the confidence of investors to invest and maintain existing investments. Thus strengthening of human capital should be a priority in curbing capital flight problem.

Suggested Citation

  • Sarmidi, Tamat & Mohd Nor, Abu Hassan Shaari & Zaidi, Mohd Azlan Shah & Abdul Basar, Umar, 2016. "Pelarian Dana: Bukti Baharu Peranan Modal Manusia," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 50(2), pages 133-142.
    • Handle: RePEc:ukm:jlekon:v:50:y:2016:i:2:p:133-142
    DOI: http://dx.doi.org/10.17576/JEM-2016-5002-11
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