Year: 2005
Type: article
Abstract: The objective of this paper is to test the validity of the export-led growth hypothesis in the Malaysian economy using a more comprehensive sample period and a recent technique, that is, the bounds testing approach. Based on this model, both exports and labour force have stimulated positive adjustment to economic growth, whereas variables such as imports, exchange rate and the East Asian financial crisis are found to influence growth negatively. Moreover, a cointegrated relationship between exports and economic growth was detected in both the \nlong and short runs. Further analysis showed that exports Granger-cause economic growth in the period of study. Thus, this study provides further evidence to support the export-led growth hypothesis in the Malaysian economy.
Institution: Universiti Tunku Abdul Rahman
Language: English
Topic: Global trade and economics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2104903340