Date of Award

7-1-2020

Thesis Type

Masters

Document Type

Thesis

Divisions

Faculty of Business & Economics

Department

Department of Economics

Institution

Universiti Malaya

Abstract

The impact of public transfer payment is dynamic, whereby it has shown separately that it can affect the income of the poor, aggregate consumption, economics outputs, education level of the poor and unemployment. However, there is a gap in previous public transfer payment analysis where all previous literature used Ceteris Paribus assumption that means “other things equal” as the central assumption when conducting the study. Nonetheless, Ceteris Paribus assumption is unable to capture the complex economic phenomena of the real world since it assumes other variables constant when analysing the selected variables. Hence, the introduction of Omnia Mobilis assumption that means “everything is moving” may address its limitation. With the help of multi-dimensional graphs such as Inter-Linkage Coordinate Space that was introduced in Econographicology, visualising public transfer payment and its impacts with Omnia Mobilis assumption is made possible where it allows us to analyse multiple endogenous and exogenous variable simultaneously. The completed Inter-Linkage Coordinate Space for public transfer payment policy through this dissertation showed the domino-effect or “Ripple-Effect” of the public transfer payment policy through graphical representation with the real-time data. The result of this dissertation showed a temporary spike in the Bottom 40 (B40) household income level and it is an indicator that public transfer payment policy will only work for a short term. This dissertation provides an alternative view to scrutinising public transfer payment as a policy in Malaysia and contributes to the application in the field of Econographicology.

Additional Information

Dissertation (M.A) – Faculty of Business and Economics, Universiti Malaya, 2020.

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