Cover Image

A re-examination of the role of foreign direct investment and exports in Malaysia's economic growth : a time series analysis,1970-2006

The main objective of this study was to re-examine the role of foreign direct investment(FDI)and port Malaysia's economic growth over the period of 1970 to 2006.The Johansen and Juselius(1990) cointegration test was used to investigate the presence of a long-run equilibrium relationship between...

Full description

Saved in:
Bibliographic Details
Main Author: Tang, Chor Foon
Format: Article
Language:English
Published: Universiti Utara Malaysia 2008
Subjects:
HG Finance
Online Access:http://repo.uum.edu.my/254/1/Tang_Chor_Foon.pdf
http://repo.uum.edu.my/254/
http://ijms.uum.edu.my/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uum.repo.254
record_format eprints
spelling my.uum.repo.2542010-07-15T07:00:16Z http://repo.uum.edu.my/254/ A re-examination of the role of foreign direct investment and exports in Malaysia's economic growth : a time series analysis,1970-2006 Tang, Chor Foon HG Finance The main objective of this study was to re-examine the role of foreign direct investment(FDI)and port Malaysia's economic growth over the period of 1970 to 2006.The Johansen and Juselius(1990) cointegration test was used to investigate the presence of a long-run equilibrium relationship between economic growth and its determinants. Besides, the vector error correction model (VECM) and the Granger (1969) causality test were used to examine the short-and long-run causality direction between the relevant variables. The empirical results revealed that economic growth and its determinants were cointegrated. The Dynamic OLS results suggested that FDI and exports were positively related to economic growth. In addition,the Granger causality results strongly supported bilateral causality between economic growth and its determinants. This indicated that FDI and exports contribute to Malaysia’s economic growth. In fact, high economic growth will also cause FDI and export-orientated industries to grow rapidly. Universiti Utara Malaysia 2008 Article PeerReviewed application/pdf en http://repo.uum.edu.my/254/1/Tang_Chor_Foon.pdf Tang, Chor Foon (2008) A re-examination of the role of foreign direct investment and exports in Malaysia's economic growth : a time series analysis,1970-2006. International Journal of Management Studies (IJMS), 15. pp. 47-67. ISSN 0127-8983 http://ijms.uum.edu.my/
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 HG Finance
spellingShingle HG Finance
Tang, Chor Foon
A re-examination of the role of foreign direct investment and exports in Malaysia's economic growth : a time series analysis,1970-2006
description The main objective of this study was to re-examine the role of foreign direct investment(FDI)and port Malaysia's economic growth over the period of 1970 to 2006.The Johansen and Juselius(1990) cointegration test was used to investigate the presence of a long-run equilibrium relationship between economic growth and its determinants. Besides, the vector error correction model (VECM) and the Granger (1969) causality test were used to examine the short-and long-run causality direction between the relevant variables. The empirical results revealed that economic growth and its determinants were cointegrated. The Dynamic OLS results suggested that FDI and exports were positively related to economic growth. In addition,the Granger causality results strongly supported bilateral causality between economic growth and its determinants. This indicated that FDI and exports contribute to Malaysia’s economic growth. In fact, high economic growth will also cause FDI and export-orientated industries to grow rapidly.
format Article
author Tang, Chor Foon
author_facet Tang, Chor Foon
author_sort Tang, Chor Foon
title A re-examination of the role of foreign direct investment and exports in Malaysia's economic growth : a time series analysis,1970-2006
title_short A re-examination of the role of foreign direct investment and exports in Malaysia's economic growth : a time series analysis,1970-2006
title_full A re-examination of the role of foreign direct investment and exports in Malaysia's economic growth : a time series analysis,1970-2006
title_fullStr A re-examination of the role of foreign direct investment and exports in Malaysia's economic growth : a time series analysis,1970-2006
title_full_unstemmed A re-examination of the role of foreign direct investment and exports in Malaysia's economic growth : a time series analysis,1970-2006
title_sort re-examination of the role of foreign direct investment and exports in malaysia's economic growth : a time series analysis,1970-2006
publisher Universiti Utara Malaysia
publishDate 2008
url http://repo.uum.edu.my/254/1/Tang_Chor_Foon.pdf
http://repo.uum.edu.my/254/
http://ijms.uum.edu.my/
_version_ 1644277748683767808
score 13.211869

Similar Items