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This paper reviews the literature on rent-seeking behaviors in property development, and discusses three major areas: (1) definition and concept of rent-seeking; (2) factors for the rent-seeking behavior appeared; and (3) the impact of rent-seeking behaviors, particularly on property development. In general, there is no exact word that can define what rent-seeking is. It is found that from the reviewed studies that a few researches have adopted search tasks to predict rentseeking behavior effects in the economy and the respective economic performance. Based on the findings of the review, rent-seeking behavior increases social cost and this might lead to problems such as corruption. This paper paves the way for future studies in examining rent-seeking behaviors in the Malaysian property development, especially for targeted actions to be taken to alleviate upward pressure on home prices. [ABSTRACT FROM AUTHOR]

Post disaster reconstruction is complex, dynamic and chaotic in nature and as such represents many challenges because it is unlike normal construction. However, the time scale of reconstruction is shorter than the normal construction, but it often deals with uncertainties and the scale of the construction activities required is relatively high. After a disaster impacts a country, many governments, institutions and aid organizations cooperate and involved with the reconstruction process. This is seen as a tool for applying policies and programs designed to remedy the weakness in developmental policies, infrastructure and institutional arrangements. This paper reports a part of an on-going research on post-disaster housing reconstruction in Malaysia. An extensive literature review and pilot interviews were undertaken to establish the factors that contribute to the delay in post-disaster reconstruction project. Accordingly, this paper takes the perspective of recovery from non-government organization (NGO) and local authorities which act as providers of social services, builders of infrastructure, regulators of economic activity and managers of the natural environment. As a result, it is important on how those decisions are made, who is involved in the decision-making, and what are the consequences of this decision. [ABSTRACT FROM AUTHOR]

Population ageing is a worldwide phenomenon experienced by developed and developing countries. It occurs when the median age of a country rises and shifts the distribution of that country's population towards older ages. Malaysia is experiencing a dramatic increase in the number of elderly people. Recent medical advances and improvements in hygiene and food supply have led to the people of Malaysia having a longer life expectancy. This paper comprehensively reviews articles and journals to discover the concepts, definitions and issues regarding the ageing population globally and in Malaysia, particularly looking at how elderly people can age in place. The concern over ageing is not just about the size of the old age population but, more importantly, about their health, welfare, care and living arrangements as well as the implications for infrastructure, housing, income and economic growth. The built environment plays a role in defining the conditions for people to live healthy lives, and older people require high-quality built environments that suit their needs across the whole life course - a building stock and infrastructure that supports independent living and enhances quality of life for the ageing population. Lifetime houses which fulfil the desires and vital requirement of most households whilst considering the changing essentials of households with elderly and aged people require careful consideration. This paper will review the key areas of housing for elderly people to support the concept of ageing in place as an independent living lifestyle. [ABSTRACT FROM AUTHOR]

The effectiveness on solid waste management is a major importance to societies. Numerous generation of solid waste from our daily activities has risked for our communities. These due to rapid population grow and advance in economic development. Moreover, the complexity of solid waste management is inherently involved large scale, diverse and element of uncertainties that must assist stakeholders with deviating objectives. In this paper, we proposed a system dynamics simulation by developing a stock flow diagram to illustrate the solid waste generation process and waste recycle process. The analysis highlights the impact on increasing the number of population toward the amount of solid waste generated and the amount of recycled waste. The results show an increment in the number of population as well as the amount of recycled waste will decrease the amount of waste generated. It is positively represent the achievement of government aim to minimize the amount of waste to be disposed by year 2020. [ABSTRACT FROM AUTHOR]

Energy is essential for socio-economic development. Any nation's standard of living is closely related to its access to energy. To put into perspective, the per capita electricity consumptions in developed countries of the Organisation for Economic Cooperation and Development (OECD) is currently estimated at 8600 kilowatts-hour per year as compared to the consumption rates in Malaysia and some African countries of 3300 and 50 kilowatts-hour per year, respectively. Energy is therefore an important pre-requisite for achieving the Malaysian vision of becoming a developed nation by the year 2020, in that it is needed not only for industrialization programme but also in maintaining quality of life. In Malaysia, the main concern currently is still on the supply in term of adequacy, reliability and quality; and moving slowly but steadily towards security, sustainability, environmentally friendly and contribution to climate change. With this new dimension, nuclear power emerged as a good match to a possible alternative in the comprehensive national energy policy. Many studies presented the positive aspects of nuclear power while others indicated the bad sides and potential risks. This paper will highlight some of those pros and cons as well as the potential risks beside a discussion on relevant requirements for a nuclear power programme in particular those of interest to the professionals in the physical sciences. [ABSTRACT FROM AUTHOR]

The objectives of this paper is two-fold: First, to empirically investigate the effects of an enlarged number of healthy and well-educated people on economic growth in Malaysia within the Endogeneous Growth Model framework. Second, to examine the causal links between education, health and economic growth using annual time series data from 1981 to 2014 for Malaysia. Data series were checked for the time series properties by using ADF and KPSS tests. Long run co-integration relationship was investigated with the help of vector autoregressive (VAR) method. For short and long run dynamic relationship investigation vector error correction model (VECM) was applied. Causality analysis was performed through Engle-Granger technique. The study results showed long run co-integration relation and positively significant effects of education and health on economic growth in Malaysia. The reported results also confirmed a feedback hypothesis between the variables in the case of Malaysia. The study results have policy relevance of the importance of human capital (health and education) to the growth process of the Malaysia. Thus, it is suggested that policy makers focus on education and health sectors for sustainable economic growth in Malaysia. [ABSTRACT FROM AUTHOR]

The objective of this paper is to examine the short-run and long-run dynamic causal relationship between energy consumption and income per capita both in bivariate and multivariate framework over the period 1971-2014 in the case of Malaysia [1]. The study applies ARDL Bound test procedure for the long run co-integration and Granger causality test for investigation of causal link between the variables. The ARDL bound test confirms the existence of long run co-integration relationship between the variables. The causality test show a feed-back hypothesis between income per capita and energy consumption over the period in the case of Malaysia. [ABSTRACT FROM AUTHOR]

Over the entirety of human history, pollution and economic development seem inseparably related. We are now facing unparalleled socioeconomic and environmental stresses and threats across all three dimensions, economic, social, and environmental. When we think about the economy and society, we take note of both the costs and benefits that already occurred. Sustainable development calls for holistic action. Malaysia's growth is based on modest development. Every development requires some cost, like playing the "seesaw" one side goes up the other side goes down, therefore the government need to strike the balance while developing the nation. Development does not necessarily reduce the vulnerability of climate change if it is focused on the right kind of development, investments in the development of economic sustainability, and competitive growth models must involve sound risk management. As we look at the transition of civilization into a circular economy, we need to consider a more integrated structure to overcome the consequences of environmental degradation on social justice. In 2020, more gases have been put into the environment that may contribute to climate change and risk endangering human health. This study explores the connection between economic development, increasing the standard of living, and environmental degradation. [ABSTRACT FROM AUTHOR]

Homestay is one of the government's products that promote the cultural tourism of country around the world. Homestay in Malaysia is not only thriving, but also its operation is moving gradually toward development of economic growth. Many homestays have been built throughout the country and this will give tourists an opportunity to enjoy the different and interesting environment in Malaysia. However, most of them receive less support from tourists and only certain numbers of homestays have operated consistently. This paper examines eleven sustainability criteria for homestay programme in Malaysia covering environmental, economic and sociocultural dimensions. The required data were collected through a survey of 246 homestay operators using a structured questionnaire. Data obtained was analyzed by utilizing percentage and arithmetic average. The findings revealed that the three most important criteria for homestay to remain sustained in this business area are ability and capacity, leadership and conservation of community resources. In order to improve the business performance of homestays in this country, homestay operators should focus on improving their ability and capacity and focus on enhancing their leadership skills. [ABSTRACT FROM AUTHOR]

Current economic climate has shown a rising trend of SMEs from year to year. This is because of various business supports from government and non-government agencies. Thus, the government encourages more youth to participate in entrepreneurship. The significance of this research is to analyze the adaptation of business support and physical infrastructure towards the sustainability of youth entrepreneurship from the perspective of economic growth in Malaysia. In addition, this research also looks at both the long run and short run effect of Business Support and Physical Infrastructure on economic growth. Through this research, hopefully an effective model of Business Support and Physical Infrastructure in Malaysia can be proposed in order to enhance the development of economic growth through youth entrepreneurship. [ABSTRACT FROM AUTHOR]

One of the major contributing sectors for Malaysia's economic growth is tourism. The number of international tourist arrivals to Malaysia has been showing an upward trend as a result of several programs and promotion introduced by the Malaysian government to attract international tourists to the country. This study attempts to model and to forecast tourism demand for Malaysia by three selected countries: the US, Japan and South Korea. This study utilized monthly time series data for the period from January 1999 to December 2012 and employed the well-known Box-Jenkins seasonal ARIMA modeling procedures. Not surprisingly the results show the number of tourist arrivals from the three countries contain strong seasonal component as the arrivals strongly dependent on the season in the country of origin. The findings of the study also show that the number of tourist arrivals from the US and South Korea will continue to increase in the near future. Meanwhile the arrivals from Japan is forecasted to show a drop in the near future and as such tourism authorities in Malaysia need to enhance the promotional effort to attract more tourists from Japan to visit Malaysia. [ABSTRACT FROM AUTHOR]

Our empirical results show that we can predict GDP growth rate more accurately in continent with fewer large economies, compared to smaller economies like Malaysia. This difficulty is very likely positively correlated with subsidy or social security policies. The stage of economic development and level of competiveness also appears to have interactive effects on this forecast stability. These results are generally independent of the forecasting procedures. Countries with high stability in their economic growth, forecasting by model selection is better than model averaging. Overall forecast weight averaging (FWA) is a better forecasting procedure in most countries. FWA also outperforms simple model averaging (SMA) and has the same forecasting ability as Bayesian model averaging (BMA) in almost all countries. [ABSTRACT FROM AUTHOR]

Sustainability of water resources should be a concern parallel to the fast pace of economic development. This study was conducted to estimate the total water consumption of growing 9 crops in Peninsular Malaysia which divided into two category of crops; fruits and vegetables, i.e. mandarin, banana, mango, pineapple, watermelon, cucumber, eggplant, green bean and lettuce. The water footprint of these crops was estimated based on 9 years data of climate and crop (2005-2013). The crop water use was determined using CROPWAT 8.0 model and Penman-Monteith equation. It was found that the green water footprint for cultivating 9 crops was higher compared to blue water footprint. The blue water footprint ranged from 20.97m3/ton to 197.84m3/ton, whereas the green water footprint ranged from 129.8m3/ton to 1586.2m3/ton. Banana has the highest total water footprint (1717.10m3/ton) and the lowest total water footprint was obtained for cucumber (175.07m3/ton). In conclusion, water consumption for cultivating agricultural crops will accelerate the competition on the consumption of clean water with the other sectors. However, the availability of water resource in Peninsular Malaysia is still sufficient to fulfill the demands for water at the present time. Further study should include grey water as well as an indicator for water quality to help in assessing the sustainable, efficient and equitable use of water resources. [ABSTRACT FROM AUTHOR]