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Government spending Reformation, Human Capital and Economic Growth in Malaysia: Education and Healthcare

The study aims to investigate the role of government spending on the relevant human capital components in the economic performance of Malaysia by adopting secondary data published by the Department of Statistics Malaysia, the Economic Planning Unit and the United Nation Development Programme. Time-s...

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Bibliographic Details
Main Author: Chan, Mei Chee
Format: Final Year Project Report
Language:English
Published: Universiti Malaysia Sarawak, (UNIMAS) 2022
Subjects:
HB Economic Theory
HG Finance
Online Access:http://ir.unimas.my/id/eprint/39762/1/CHAN%20MEI%20CHEE%20%28ft%29.pdf
http://ir.unimas.my/id/eprint/39762/
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spelling my.unimas.ir.397622023-02-22T05:59:03Z http://ir.unimas.my/id/eprint/39762/ Government spending Reformation, Human Capital and Economic Growth in Malaysia: Education and Healthcare Chan, Mei Chee HB Economic Theory HG Finance The study aims to investigate the role of government spending on the relevant human capital components in the economic performance of Malaysia by adopting secondary data published by the Department of Statistics Malaysia, the Economic Planning Unit and the United Nation Development Programme. Time-series estimation was adopted to analyze the data. Using GDP as the dependent variable, government spending on education and healthcare along with the human development index as the independent variable this study sought to explore the significant role of government spending towards economic growth from the human capital aspect. The empirical analysis is done using the Unit Root Tests, Autoregressive Distributed Lag (ARDL) estimation, and Toda-Yamamoto Causality Test to investigate the integration order as well as existence of a relationship between the variable in the model. The study reveals significant long-run positive relationship between government spending on healthcare and the human development index with the GDP. A negative significant relationship between government spending on education to GDP was found. Next, no causality is detedted between government spending and the human development index. Plus, there is causality detected from education spending towards healthcare spending. The results are thus in favor of drastic changes adoption to improve the education and healthcare system to align witht the current demand. Universiti Malaysia Sarawak, (UNIMAS) 2022 Final Year Project Report NonPeerReviewed text en http://ir.unimas.my/id/eprint/39762/1/CHAN%20MEI%20CHEE%20%28ft%29.pdf Chan, Mei Chee (2022) Government spending Reformation, Human Capital and Economic Growth in Malaysia: Education and Healthcare. [Final Year Project Report] (Unpublished)
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 HB Economic Theory
HG Finance
spellingShingle HB Economic Theory
HG Finance
Chan, Mei Chee
Government spending Reformation, Human Capital and Economic Growth in Malaysia: Education and Healthcare
description The study aims to investigate the role of government spending on the relevant human capital components in the economic performance of Malaysia by adopting secondary data published by the Department of Statistics Malaysia, the Economic Planning Unit and the United Nation Development Programme. Time-series estimation was adopted to analyze the data. Using GDP as the dependent variable, government spending on education and healthcare along with the human development index as the independent variable this study sought to explore the significant role of government spending towards economic growth from the human capital aspect. The empirical analysis is done using the Unit Root Tests, Autoregressive Distributed Lag (ARDL) estimation, and Toda-Yamamoto Causality Test to investigate the integration order as well as existence of a relationship between the variable in the model. The study reveals significant long-run positive relationship between government spending on healthcare and the human development index with the GDP. A negative significant relationship between government spending on education to GDP was found. Next, no causality is detedted between government spending and the human development index. Plus, there is causality detected from education spending towards healthcare spending. The results are thus in favor of drastic changes adoption to improve the education and healthcare system to align witht the current demand.
format Final Year Project Report
author Chan, Mei Chee
author_facet Chan, Mei Chee
author_sort Chan, Mei Chee
title Government spending Reformation, Human Capital and Economic Growth in Malaysia: Education and Healthcare
title_short Government spending Reformation, Human Capital and Economic Growth in Malaysia: Education and Healthcare
title_full Government spending Reformation, Human Capital and Economic Growth in Malaysia: Education and Healthcare
title_fullStr Government spending Reformation, Human Capital and Economic Growth in Malaysia: Education and Healthcare
title_full_unstemmed Government spending Reformation, Human Capital and Economic Growth in Malaysia: Education and Healthcare
title_sort government spending reformation, human capital and economic growth in malaysia: education and healthcare
publisher Universiti Malaysia Sarawak, (UNIMAS)
publishDate 2022
url http://ir.unimas.my/id/eprint/39762/1/CHAN%20MEI%20CHEE%20%28ft%29.pdf
http://ir.unimas.my/id/eprint/39762/
_version_ 1758582582990077952
score 13.211869

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