Economic Ripple Effect: The Effect of Public Transfer Payment Policy in Malaysia. (July 2022)

• Record Type: Journal Article
• Authors: Amirullah, Muhammad Adli; Estrada, Mario Arturo Ruiz; Aslam, Mohamed
• Is Part Of: Journal of interdisciplinary economics. Volume 34:Number 2(2022)
• Page Start: 177
• Page End: 192
• Publication Date: 2022-07
• Subjects: Public transfer payment -- Malaysia -- multidimensional graph -- econographicology; Economics -- Periodicals; 330.05
• DOI: 10.1177/0260107921989918
• Languages: English
• ISSNs: 0260-1079

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