An empirical analysis of the Malaysian economic growth and its determinant / Mazona Anuar
The objective of this research is to investigate the factors that stimulate and maintain economic growth. In addition, this study will also look into the possible effects of combined determinant variables towards economic growth. The determinant factors studied are export (X), consumption expenditur...
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| Format: | Student Project |
| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/75892/1/75892.pdf https://ir.uitm.edu.my/id/eprint/75892/ |
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| Summary: | The objective of this research is to investigate the factors that stimulate and maintain economic growth. In addition, this study will also look into the possible effects of combined determinant variables towards economic growth. The determinant factors studied are export (X), consumption expenditure (CE), foreign direct investment (FDI) and investment (I) in Malaysia from the year 1981 to 2010. The methodologies that we used are unit root test, ordinary least square (OLS), co-integration Johansen and granger causality test. The results of this study show that there exists long-run cointegration and short-run causal relationships between economic growth and the independent variables. Findings also show that all the determinant factors cause economic growth in the long-run. The study concludes that investment and export play important roles as determinant factors to economic growth, and consumption expenditure and foreign direct investment may have a role as a catalyst and complement determinant factors to economic growth in Malaysia. |
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