Government development expenditure and government debt in Malaysia
Government debt in Malaysia sharply increased in recently years and Malaysian government run budget deficit along the years since 1997 Asian financial crisis. Government debt accumulated mainly due to overspending of its finance. This study is done to determine the relationship between government...
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Format: | Final Year Project Report |
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Universiti Malaysia Sarawak, (UNIMAS)
2015
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Online Access: | http://ir.unimas.my/id/eprint/12328/5/Yong%20Liang%28fulltext%29.pdf http://ir.unimas.my/id/eprint/12328/ |
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my.unimas.ir.123282023-10-17T03:10:19Z http://ir.unimas.my/id/eprint/12328/ Government development expenditure and government debt in Malaysia See, Yong Liang HG Finance Government debt in Malaysia sharply increased in recently years and Malaysian government run budget deficit along the years since 1997 Asian financial crisis. Government debt accumulated mainly due to overspending of its finance. This study is done to determine the relationship between government development expenditure components and government debt in Malaysia for the period of 1970-2014. The variables adopted in the analysis are government debt (GD), development expenditure for defense and security (DEFS), for economic services (ECOS) and for social services (SOCS). All the variables has been transform into natural logarithm form for analysis purpose. The methods used in this study are Augmented Dickey-Fuller (ADF) Unit Root Test, Phillips-Perron (PP) Unit Root Test, Johansen-Juselius Cointegration test and Vector Error Correction Model (VECM)-based Granger Causality test. The findings of this study confirm that LGD, LDEFS, LECOS and LSOCS are cointegrated in the long run. LECOS and LSOCS have a significant and positive relationship with LGD; while LDEFS has negatively impact on LGD. Universiti Malaysia Sarawak, (UNIMAS) 2015 Final Year Project Report NonPeerReviewed text en http://ir.unimas.my/id/eprint/12328/5/Yong%20Liang%28fulltext%29.pdf See, Yong Liang (2015) Government development expenditure and government debt in Malaysia. [Final Year Project Report] (Unpublished) |
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HG Finance See, Yong Liang Government development expenditure and government debt in Malaysia |
description |
Government debt in Malaysia sharply increased in recently years and Malaysian
government run budget deficit along the years since 1997 Asian financial crisis.
Government debt accumulated mainly due to overspending of its finance. This study
is done to determine the relationship between government development expenditure
components and government debt in Malaysia for the period of 1970-2014. The
variables adopted in the analysis are government debt (GD), development expenditure
for defense and security (DEFS), for economic services (ECOS) and for social services
(SOCS). All the variables has been transform into natural logarithm form for analysis
purpose. The methods used in this study are Augmented Dickey-Fuller (ADF) Unit
Root Test, Phillips-Perron (PP) Unit Root Test, Johansen-Juselius Cointegration test
and Vector Error Correction Model (VECM)-based Granger Causality test. The
findings of this study confirm that LGD, LDEFS, LECOS and LSOCS are cointegrated
in the long run. LECOS and LSOCS have a significant and positive relationship with
LGD; while LDEFS has negatively impact on LGD. |
format |
Final Year Project Report |
author |
See, Yong Liang |
author_facet |
See, Yong Liang |
author_sort |
See, Yong Liang |
title |
Government development expenditure and government debt in Malaysia |
title_short |
Government development expenditure and government debt in Malaysia |
title_full |
Government development expenditure and government debt in Malaysia |
title_fullStr |
Government development expenditure and government debt in Malaysia |
title_full_unstemmed |
Government development expenditure and government debt in Malaysia |
title_sort |
government development expenditure and government debt in malaysia |
publisher |
Universiti Malaysia Sarawak, (UNIMAS) |
publishDate |
2015 |
url |
http://ir.unimas.my/id/eprint/12328/5/Yong%20Liang%28fulltext%29.pdf http://ir.unimas.my/id/eprint/12328/ |
_version_ |
1781710268372353024 |
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13.244745 |