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Nexus Between Financial Development and Economic Growth in Malaysia.

Financial development is the key for economy evolution as financial intermediaries could foster productivity growth and capital accumulation which lead to the economic growth. The nexus between financial and economic growth is an issue that has long been debated. On the one hand, a stream of literat...

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Main Authors: Farhana, Binti Ismail, Rossazana, Binti Ab-Rahim, Liaw, Pei-Chin
Format: Article
Language:English
Published: Human Resource Management Academic Research Society 2019
Subjects:
HG Finance
Online Access:http://ir.unimas.my/id/eprint/23515/1/Faisal%20Ali%2C%20Anwarali%20Khan.pdf
http://ir.unimas.my/id/eprint/23515/
http://hrmars.com/index.php/papers/detail/IJARBSS/5328
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spelling my.unimas.ir.235152021-04-29T01:55:59Z http://ir.unimas.my/id/eprint/23515/ Nexus Between Financial Development and Economic Growth in Malaysia. Farhana, Binti Ismail Rossazana, Binti Ab-Rahim Liaw, Pei-Chin HG Finance Financial development is the key for economy evolution as financial intermediaries could foster productivity growth and capital accumulation which lead to the economic growth. The nexus between financial and economic growth is an issue that has long been debated. On the one hand, a stream of literatures offer support to the contention on the running causality from financial development towards economic growth while on the other hand, economic variables are found to foster the financial institutions. Therefore, this study aims to investigate the relationship between financial development and economic growth in Malaysia over the period of 1990 to 2013. The research methods adopted are Johansen cointegration test to check the existence of short term and long term relationship between variables used and Granger causality test to determine the relationship direction for the different variables used. The study finds evidence of a long-run relationship between financial development and economic growth, amid a running causality between economic growth to all indicators of financial development in Malaysia with the exception of financial system deposit. The results imply economic growth can be further developed as it stimulates the development of financial indicators Human Resource Management Academic Research Society 2019-02-02 Article PeerReviewed text en http://ir.unimas.my/id/eprint/23515/1/Faisal%20Ali%2C%20Anwarali%20Khan.pdf Farhana, Binti Ismail and Rossazana, Binti Ab-Rahim and Liaw, Pei-Chin (2019) Nexus Between Financial Development and Economic Growth in Malaysia. International Journal of Academic Research in Business and Social Sciences, 9 (1). pp. 26-44. ISSN 2222-6990 http://hrmars.com/index.php/papers/detail/IJARBSS/5328 DOI: 10.6007/IJARBSS/v9-i1/5328
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic HG Finance
spellingShingle HG Finance
Farhana, Binti Ismail
Rossazana, Binti Ab-Rahim
Liaw, Pei-Chin
Nexus Between Financial Development and Economic Growth in Malaysia.
description Financial development is the key for economy evolution as financial intermediaries could foster productivity growth and capital accumulation which lead to the economic growth. The nexus between financial and economic growth is an issue that has long been debated. On the one hand, a stream of literatures offer support to the contention on the running causality from financial development towards economic growth while on the other hand, economic variables are found to foster the financial institutions. Therefore, this study aims to investigate the relationship between financial development and economic growth in Malaysia over the period of 1990 to 2013. The research methods adopted are Johansen cointegration test to check the existence of short term and long term relationship between variables used and Granger causality test to determine the relationship direction for the different variables used. The study finds evidence of a long-run relationship between financial development and economic growth, amid a running causality between economic growth to all indicators of financial development in Malaysia with the exception of financial system deposit. The results imply economic growth can be further developed as it stimulates the development of financial indicators
format Article
author Farhana, Binti Ismail
Rossazana, Binti Ab-Rahim
Liaw, Pei-Chin
author_facet Farhana, Binti Ismail
Rossazana, Binti Ab-Rahim
Liaw, Pei-Chin
author_sort Farhana, Binti Ismail
title Nexus Between Financial Development and Economic Growth in Malaysia.
title_short Nexus Between Financial Development and Economic Growth in Malaysia.
title_full Nexus Between Financial Development and Economic Growth in Malaysia.
title_fullStr Nexus Between Financial Development and Economic Growth in Malaysia.
title_full_unstemmed Nexus Between Financial Development and Economic Growth in Malaysia.
title_sort nexus between financial development and economic growth in malaysia.
publisher Human Resource Management Academic Research Society
publishDate 2019
url http://ir.unimas.my/id/eprint/23515/1/Faisal%20Ali%2C%20Anwarali%20Khan.pdf
http://ir.unimas.my/id/eprint/23515/
http://hrmars.com/index.php/papers/detail/IJARBSS/5328
_version_ 1698700786312151040
score 13.211869

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