An investigation on trade openness, fiscal policy and economic growth in Malaysia: using an ARDL bounds testing approach
This study examines the impacts of trade openness and fiscal policy on economic growth in Malaysia between 1970 and 2003 using the autoregressive distributed lag (ARDL) approach and bounds test as proposed by Pesaran et al. (2001). Based on a structure consistent with the endogenous growth theory, t...
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia Press
2009
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| Online Access: | http://psasir.upm.edu.my/id/eprint/13051/ http://psasir.upm.edu.my/id/eprint/13051/1/An%20investigation%20on%20trade%20openness%2C%20fiscal%20policy%20and%20economic%20growth%20in%20Malaysia%20using%20an%20ARDL%20bounds%20testing%20approach.pdf |
| _version_ | 1848842005902262272 |
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| author | Abdullah, Hussin Mohd Mustafa, Muszafarshah Habibullah, Muzafar Shah |
| author_facet | Abdullah, Hussin Mohd Mustafa, Muszafarshah Habibullah, Muzafar Shah |
| author_sort | Abdullah, Hussin |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study examines the impacts of trade openness and fiscal policy on economic growth in Malaysia between 1970 and 2003 using the autoregressive distributed lag (ARDL) approach and bounds test as proposed by Pesaran et al. (2001). Based on a structure consistent with the endogenous growth theory, the ARDL results show that, overall, trade openness and fiscal policy have strong positive impacts on economic growth in Malaysia over this period. This paper also develops a system instrumental variable method to estimate the structural speed of adjustment coefficient in an error correction model. |
| first_indexed | 2025-11-15T07:52:16Z |
| format | Article |
| id | upm-13051 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T07:52:16Z |
| publishDate | 2009 |
| publisher | Universiti Utara Malaysia Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-130512016-01-26T01:51:02Z http://psasir.upm.edu.my/id/eprint/13051/ An investigation on trade openness, fiscal policy and economic growth in Malaysia: using an ARDL bounds testing approach Abdullah, Hussin Mohd Mustafa, Muszafarshah Habibullah, Muzafar Shah This study examines the impacts of trade openness and fiscal policy on economic growth in Malaysia between 1970 and 2003 using the autoregressive distributed lag (ARDL) approach and bounds test as proposed by Pesaran et al. (2001). Based on a structure consistent with the endogenous growth theory, the ARDL results show that, overall, trade openness and fiscal policy have strong positive impacts on economic growth in Malaysia over this period. This paper also develops a system instrumental variable method to estimate the structural speed of adjustment coefficient in an error correction model. Universiti Utara Malaysia Press 2009 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/13051/1/An%20investigation%20on%20trade%20openness%2C%20fiscal%20policy%20and%20economic%20growth%20in%20Malaysia%20using%20an%20ARDL%20bounds%20testing%20approach.pdf Abdullah, Hussin and Mohd Mustafa, Muszafarshah and Habibullah, Muzafar Shah (2009) An investigation on trade openness, fiscal policy and economic growth in Malaysia: using an ARDL bounds testing approach. International Journal of Management Studies, 16 (2). pp. 177-197. ISSN 2232-1608; ESSN: 2180-2467 http://ijms.uum.edu.my/index.php/previous-issues/147-international-journal-of-management-studies-ijms-vol-16-no-2-december-2009 |
| spellingShingle | Abdullah, Hussin Mohd Mustafa, Muszafarshah Habibullah, Muzafar Shah An investigation on trade openness, fiscal policy and economic growth in Malaysia: using an ARDL bounds testing approach |
| title | An investigation on trade openness, fiscal policy and economic growth in Malaysia: using an ARDL bounds testing approach |
| title_full | An investigation on trade openness, fiscal policy and economic growth in Malaysia: using an ARDL bounds testing approach |
| title_fullStr | An investigation on trade openness, fiscal policy and economic growth in Malaysia: using an ARDL bounds testing approach |
| title_full_unstemmed | An investigation on trade openness, fiscal policy and economic growth in Malaysia: using an ARDL bounds testing approach |
| title_short | An investigation on trade openness, fiscal policy and economic growth in Malaysia: using an ARDL bounds testing approach |
| title_sort | investigation on trade openness, fiscal policy and economic growth in malaysia: using an ardl bounds testing approach |
| url | http://psasir.upm.edu.my/id/eprint/13051/ http://psasir.upm.edu.my/id/eprint/13051/ http://psasir.upm.edu.my/id/eprint/13051/1/An%20investigation%20on%20trade%20openness%2C%20fiscal%20policy%20and%20economic%20growth%20in%20Malaysia%20using%20an%20ARDL%20bounds%20testing%20approach.pdf |