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Exports, foreign direct investment and economic growth: Empirical evidence from Malaysia (1971-2013)

The main objective of this study is to empirically investigate the relationship between exports, Foreign Direct Investment (FDI) and the economic growth in Malaysia.Records of annual time series data from the year 1971 till 2013 have been utilized for this purpose. Upon testing the data for stationa...

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Main Authors: Haseeb, Muhammad, Hartani, Nira Hariyatie, Abu Bakar, Nor'Aznin, Azam, Muhammad, Hassan, Sallahuddin
Format: Article
Language:English
Published: Science Publications 2014
Subjects:
HC Economic History and Conditions
Online Access:http://repo.uum.edu.my/12905/1/ajass.pdf
http://repo.uum.edu.my/12905/
http://dx.doi.org/10.3844/ajassp.2014.1010.1015
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spelling my.uum.repo.129052016-05-30T03:10:41Z http://repo.uum.edu.my/12905/ Exports, foreign direct investment and economic growth: Empirical evidence from Malaysia (1971-2013) Haseeb, Muhammad Hartani, Nira Hariyatie Abu Bakar, Nor'Aznin Azam, Muhammad Hassan, Sallahuddin HC Economic History and Conditions The main objective of this study is to empirically investigate the relationship between exports, Foreign Direct Investment (FDI) and the economic growth in Malaysia.Records of annual time series data from the year 1971 till 2013 have been utilized for this purpose. Upon testing the data for stationarity, the Auto Regressive Distributed Lag (ARDL) model has been applied for the purpose of empirical investigation.The empirical results indicate that the productivity factor and externality effect of exports on the non-export sector are found to be statistically, positively significant, with the exports also having a positive impact on the economic growth and FDI of the country.The results support Exports Led Growth (ELG) and FDI-Led economic Growth (FLG) in Malaysia. The finding further suggests that Malaysia should continuous pursue exports promotion and a liberal investment economic policy in order to maintain and bolster overall economic growth. Science Publications 2014 Article PeerReviewed application/pdf en cc_by http://repo.uum.edu.my/12905/1/ajass.pdf Haseeb, Muhammad and Hartani, Nira Hariyatie and Abu Bakar, Nor'Aznin and Azam, Muhammad and Hassan, Sallahuddin (2014) Exports, foreign direct investment and economic growth: Empirical evidence from Malaysia (1971-2013). American Journal of Applied Sciences, 11 (6). pp. 1010-1015. ISSN 1546-9239 http://dx.doi.org/10.3844/ajassp.2014.1010.1015 doi:10.3844/ajassp.2014.1010.1015
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HC Economic History and Conditions
spellingShingle HC Economic History and Conditions
Haseeb, Muhammad
Hartani, Nira Hariyatie
Abu Bakar, Nor'Aznin
Azam, Muhammad
Hassan, Sallahuddin
Exports, foreign direct investment and economic growth: Empirical evidence from Malaysia (1971-2013)
description The main objective of this study is to empirically investigate the relationship between exports, Foreign Direct Investment (FDI) and the economic growth in Malaysia.Records of annual time series data from the year 1971 till 2013 have been utilized for this purpose. Upon testing the data for stationarity, the Auto Regressive Distributed Lag (ARDL) model has been applied for the purpose of empirical investigation.The empirical results indicate that the productivity factor and externality effect of exports on the non-export sector are found to be statistically, positively significant, with the exports also having a positive impact on the economic growth and FDI of the country.The results support Exports Led Growth (ELG) and FDI-Led economic Growth (FLG) in Malaysia. The finding further suggests that Malaysia should continuous pursue exports promotion and a liberal investment economic policy in order to maintain and bolster overall economic growth.
format Article
author Haseeb, Muhammad
Hartani, Nira Hariyatie
Abu Bakar, Nor'Aznin
Azam, Muhammad
Hassan, Sallahuddin
author_facet Haseeb, Muhammad
Hartani, Nira Hariyatie
Abu Bakar, Nor'Aznin
Azam, Muhammad
Hassan, Sallahuddin
author_sort Haseeb, Muhammad
title Exports, foreign direct investment and economic growth: Empirical evidence from Malaysia (1971-2013)
title_short Exports, foreign direct investment and economic growth: Empirical evidence from Malaysia (1971-2013)
title_full Exports, foreign direct investment and economic growth: Empirical evidence from Malaysia (1971-2013)
title_fullStr Exports, foreign direct investment and economic growth: Empirical evidence from Malaysia (1971-2013)
title_full_unstemmed Exports, foreign direct investment and economic growth: Empirical evidence from Malaysia (1971-2013)
title_sort exports, foreign direct investment and economic growth: empirical evidence from malaysia (1971-2013)
publisher Science Publications
publishDate 2014
url http://repo.uum.edu.my/12905/1/ajass.pdf
http://repo.uum.edu.my/12905/
http://dx.doi.org/10.3844/ajassp.2014.1010.1015
_version_ 1644281034169122816
score 13.250246

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