Economic ripple effect: The effect of public transfer payment policy in Malaysia
Document Type
Article
Publication Date
7-1-2022
Abstract
This article models the interconnection between the public transfer payment policy in Malaysia and the overall Malaysian economy using an inter-linkage coordinate space. This space is represented graphically, with the public transfer payment distribution in the centre and the number of periods plotted along rays (axes) that are drawn from the centre, each of which can have as many windows as required at the predetermined perimeter levels. Using this model, this article evaluates whether and how the implementation of public transfer payment policy in Malaysia can simultaneously affect the overall Malaysian economy through selected macroeconomic indicators. Finally, this article proposes the use of computer graphical animation when sufficient data are available to provide a more accurate measurement and visual representation of the economic ripple effect in the same graphical space. JEL: C00, E60, H53. © 2022 Sage Publications India Pvt. Ltd.
Keywords
Malaysia, Accuracy assessment, Computer simulation, Economic analysis, Financial policy, Financial system, Graphical method, Macroeconomics, Measurement method, Model test, Policy implementation
Divisions
FacultyofEconomicsAdministration
Funders
None
Publication Title
Journal of Interdisciplinary Economics
Volume
34
Issue
2
Publisher
SAGE Publications Ltd