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...
| Published in: | International Journal of Management Studies |
|---|---|
| Main Authors: | , , |
| Format: | Article |
| Language: | English |
| Published: |
UUM Press
2009-12-01
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| Subjects: | |
| Online Access: | https://e-journal.uum.edu.my/index.php/ijms/article/view/9976 |
| _version_ | 1852663781693325312 |
|---|---|
| author | Hussin Abdullah Muszafarshah Mohd Mustafa Muzafar Shah Habibullah |
| author_facet | Hussin Abdullah Muszafarshah Mohd Mustafa Muzafar Shah Habibullah |
| author_sort | Hussin Abdullah |
| collection | DOAJ |
| container_title | International Journal of Management Studies |
| 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.
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| format | Article |
| id | doaj-art-4676ee1dccdb43a2bdf41dc71114e2c8 |
| institution | Directory of Open Access Journals |
| issn | 2232-1608 2180-2467 |
| language | English |
| publishDate | 2009-12-01 |
| publisher | UUM Press |
| record_format | Article |
| spelling | doaj-art-4676ee1dccdb43a2bdf41dc71114e2c82025-08-19T21:35:53ZengUUM PressInternational Journal of Management Studies2232-16082180-24672009-12-01162An Investigation on Trade Openness, Fiscal Policy and Economic Growth In Malaysia: Using an ARDL Bounds Testing ApproachHussin Abdullah0Muszafarshah Mohd Mustafa1Muzafar Shah Habibullah2College of Arts and Sciences Universiti Utara MalaysiaCollege of Arts and Sciences Universiti Utara MalaysiaFaculty of Economics and Management Universiti Putra MalaysiaThis 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. https://e-journal.uum.edu.my/index.php/ijms/article/view/9976Economic growthTrade opennessFiscal policyGovernment expenditureAutoregressive Distributed Lag (ARDL) |
| spellingShingle | Hussin Abdullah Muszafarshah Mohd Mustafa Muzafar Shah Habibullah An Investigation on Trade Openness, Fiscal Policy and Economic Growth In Malaysia: Using an ARDL Bounds Testing Approach Economic growth Trade openness Fiscal policy Government expenditure Autoregressive Distributed Lag (ARDL) |
| 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 |
| topic | Economic growth Trade openness Fiscal policy Government expenditure Autoregressive Distributed Lag (ARDL) |
| url | https://e-journal.uum.edu.my/index.php/ijms/article/view/9976 |
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