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External debts and economic growth in Malaysia

Previous researches on the relationship between external debt and economic growth in Malaysia have produced inconsistent results. Despite the intense debate on the link between external debt and economic growth, there is no research that takes the new definition of external debt into consideration....

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Main Authors: Siti Fazilah Alwi, Lee, Hock Ann, Nur Shahirah Azman, Lee, Huay-Huay
Format: Article
Language:English
English
Published: Human Resource Management Academic Research Society 2020
Subjects:
HC Economic history and conditions
HG Finance
Online Access:https://eprints.ums.edu.my/id/eprint/27159/1/External%20debts%20and%20economic%20growth%20in%20Malaysia-Abstract.pdf
https://eprints.ums.edu.my/id/eprint/27159/2/External%20Debts%20and%20Economic%20Growth%20in%20Malaysia.pdf
https://eprints.ums.edu.my/id/eprint/27159/
https://hrmars.com/papers/detail/IJARBSS/8373
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spelling my.ums.eprints.271592021-06-10T03:38:04Z https://eprints.ums.edu.my/id/eprint/27159/ External debts and economic growth in Malaysia Siti Fazilah Alwi Lee, Hock Ann Nur Shahirah Azman Lee, Huay-Huay HC Economic history and conditions HG Finance Previous researches on the relationship between external debt and economic growth in Malaysia have produced inconsistent results. Despite the intense debate on the link between external debt and economic growth, there is no research that takes the new definition of external debt into consideration. To address this issue, this study seeks to examine the effects of external debt on economic growth by allowing the external debt to be taken into consideration especially in terms of the non-residents holding of local-currency denominated debt securities. Using time series econometric approaches and quarterly data of Malaysia from 1997 Q1 to 2016 Q4, this study finds that there is a significant positive relationship between external debt and economic growth. In addition, the results of Granger causality test reveal the existence of short-run bilateral causality relationships between external debt and economic growth. Human Resource Management Academic Research Society 2020-12-24 Article PeerReviewed text en https://eprints.ums.edu.my/id/eprint/27159/1/External%20debts%20and%20economic%20growth%20in%20Malaysia-Abstract.pdf text en https://eprints.ums.edu.my/id/eprint/27159/2/External%20Debts%20and%20Economic%20Growth%20in%20Malaysia.pdf Siti Fazilah Alwi and Lee, Hock Ann and Nur Shahirah Azman and Lee, Huay-Huay (2020) External debts and economic growth in Malaysia. International Journal of Academic Research in Business and Social Sciences, 10 (12). pp. 755-768. ISSN 2222-6990 https://hrmars.com/papers/detail/IJARBSS/8373
institution Universiti Malaysia Sabah
building UMS Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sabah
content_source UMS Institutional Repository
url_provider http://eprints.ums.edu.my/
language English
English
topic HC Economic history and conditions
HG Finance
spellingShingle HC Economic history and conditions
HG Finance
Siti Fazilah Alwi
Lee, Hock Ann
Nur Shahirah Azman
Lee, Huay-Huay
External debts and economic growth in Malaysia
description Previous researches on the relationship between external debt and economic growth in Malaysia have produced inconsistent results. Despite the intense debate on the link between external debt and economic growth, there is no research that takes the new definition of external debt into consideration. To address this issue, this study seeks to examine the effects of external debt on economic growth by allowing the external debt to be taken into consideration especially in terms of the non-residents holding of local-currency denominated debt securities. Using time series econometric approaches and quarterly data of Malaysia from 1997 Q1 to 2016 Q4, this study finds that there is a significant positive relationship between external debt and economic growth. In addition, the results of Granger causality test reveal the existence of short-run bilateral causality relationships between external debt and economic growth.
format Article
author Siti Fazilah Alwi
Lee, Hock Ann
Nur Shahirah Azman
Lee, Huay-Huay
author_facet Siti Fazilah Alwi
Lee, Hock Ann
Nur Shahirah Azman
Lee, Huay-Huay
author_sort Siti Fazilah Alwi
title External debts and economic growth in Malaysia
title_short External debts and economic growth in Malaysia
title_full External debts and economic growth in Malaysia
title_fullStr External debts and economic growth in Malaysia
title_full_unstemmed External debts and economic growth in Malaysia
title_sort external debts and economic growth in malaysia
publisher Human Resource Management Academic Research Society
publishDate 2020
url https://eprints.ums.edu.my/id/eprint/27159/1/External%20debts%20and%20economic%20growth%20in%20Malaysia-Abstract.pdf
https://eprints.ums.edu.my/id/eprint/27159/2/External%20Debts%20and%20Economic%20Growth%20in%20Malaysia.pdf
https://eprints.ums.edu.my/id/eprint/27159/
https://hrmars.com/papers/detail/IJARBSS/8373
_version_ 1760230586972110848
score 13.211869

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