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Assessing the effect of public social expenditure and human capital development on Malaysian economic growth: A bound testing approach


Sapuan, Noraina Mazuin and Sanusi, Nur Azura (2010) Assessing the effect of public social expenditure and human capital development on Malaysian economic growth: A bound testing approach. In: Knowledge Management International Conference 2010 (KMICe2010), 25-27 May 2010, Kuala Terengganu, Malaysia.

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Abstract

Government expenditure on social services is essential to the development of the economy. This fact also applies to Malaysia, a developing country that aspires to become a developed nation in few years to come. As Malaysian government plays a dominant role in financing public education and health services, an analysis on its investment in these areas, if made available, would be able to assist policymakers in generating a strategic plan to enhance human capital development and economic growth. Hence, the aims of this study are to investigate the long run and short run relationships between economic growth and public social expenditure with human capital indicators in Malaysia, using annual data from 1975 to 2008. The cointegration technique - bound testing approach developed within the autoregressive distribution lag (ARDL) framework is utilized.The finding shows that there is a cointegration between economic growth and the explanatory variables.

Item Type: Conference or Workshop Item (Paper)
Additional Information: ISBN 978-983-2078-40-1 Organized by: UUM College of Art & Sciences, Universiti Utara Malaysia
Uncontrolled Keywords: Human capital, public social expenditure, economic growth and bound testing approach.
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: College of Arts and Sciences
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 22 May 2014 06:16
Last Modified: 22 May 2014 06:16
URI: http://repo.uum.edu.my/id/eprint/11103

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