Is The Export-Led Growth Hypothesis Valid for Malaysia?

Export has been one of the most important economic components for developing countries. The relationship between exports and economic growth has been widely discussed and empirically tested in a number of developing countries including Malaysia. Based on empirical evidence, although results of the s...

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Main Authors: Ong , Poh Lim, Tan , Shirleen Shea Linga
Format: Book Section
Language:English
Published: School of Social Sciences 2015
Subjects:
Online Access:http://eprints.usm.my/37614/
http://eprints.usm.my/37614/1/sspis_2015_ms343_-_349.pdf
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author Ong , Poh Lim
Tan , Shirleen Shea Linga
author_facet Ong , Poh Lim
Tan , Shirleen Shea Linga
author_sort Ong , Poh Lim
building USM Institutional Repository
collection Online Access
description Export has been one of the most important economic components for developing countries. The relationship between exports and economic growth has been widely discussed and empirically tested in a number of developing countries including Malaysia. Based on empirical evidence, although results of the study suggest export-led growth in many developing countries, but the relationship between exports and economic growth is not robust because empirical results are not consistent. As most of the studies, many question of formulation that still need to be further investigated and proceeded with a solid outcome. In overview, this study is to examine the export-led growth hypothesis by analyzing the case of Malaysia from 1970 to 2013. We are applying time series econometric techniques of cointegration and causality on a long run and short run relationship on GDP, exports and import of Malaysia. The result revealed that GDP, export and import Malaysia; they are a unidirectional causal relationship which economic growth drive export and import growth. This result highlighted the importance of economic stability and continuous growth for Malaysia to further improve the export and attract more foreign and domestic investment.
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spelling usm-376142017-11-23T07:07:05Z http://eprints.usm.my/37614/ Is The Export-Led Growth Hypothesis Valid for Malaysia? Ong , Poh Lim Tan , Shirleen Shea Linga H Social Sciences Export has been one of the most important economic components for developing countries. The relationship between exports and economic growth has been widely discussed and empirically tested in a number of developing countries including Malaysia. Based on empirical evidence, although results of the study suggest export-led growth in many developing countries, but the relationship between exports and economic growth is not robust because empirical results are not consistent. As most of the studies, many question of formulation that still need to be further investigated and proceeded with a solid outcome. In overview, this study is to examine the export-led growth hypothesis by analyzing the case of Malaysia from 1970 to 2013. We are applying time series econometric techniques of cointegration and causality on a long run and short run relationship on GDP, exports and import of Malaysia. The result revealed that GDP, export and import Malaysia; they are a unidirectional causal relationship which economic growth drive export and import growth. This result highlighted the importance of economic stability and continuous growth for Malaysia to further improve the export and attract more foreign and domestic investment. School of Social Sciences 2015 Book Section PeerReviewed application/pdf en http://eprints.usm.my/37614/1/sspis_2015_ms343_-_349.pdf Ong , Poh Lim and Tan , Shirleen Shea Linga (2015) Is The Export-Led Growth Hypothesis Valid for Malaysia? In: Conference Proceedings of Social Sciences Postgraduate International Seminar (SSPIS). School of Social Sciences, Pulau Pinang, Malaysia, pp. 343-349. ISBN 978-967-11473-2-0
spellingShingle H Social Sciences
Ong , Poh Lim
Tan , Shirleen Shea Linga
Is The Export-Led Growth Hypothesis Valid for Malaysia?
title Is The Export-Led Growth Hypothesis Valid for Malaysia?
title_full Is The Export-Led Growth Hypothesis Valid for Malaysia?
title_fullStr Is The Export-Led Growth Hypothesis Valid for Malaysia?
title_full_unstemmed Is The Export-Led Growth Hypothesis Valid for Malaysia?
title_short Is The Export-Led Growth Hypothesis Valid for Malaysia?
title_sort is the export-led growth hypothesis valid for malaysia?
topic H Social Sciences
url http://eprints.usm.my/37614/
http://eprints.usm.my/37614/1/sspis_2015_ms343_-_349.pdf