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Exports, foreign direct investment and economic growth: Empirical evidence from Malaysia (1971-2013)


Haseeb, Muhammad and Hartani, Nira Hariyatie and Abu Bakar, Nor'Aznin and Azam, Muhammad and Hassan, Sallahuddin (2014) Exports, foreign direct investment and economic growth: Empirical evidence from Malaysia (1971-2013). American Journal of Applied Sciences, 11 (6). pp. 1010-1015. ISSN 1546-9239

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Abstract

The main objective of this study is to empirically investigate the relationship between exports, Foreign Direct Investment (FDI) and the economic growth in Malaysia.Records of annual time series data from the year 1971 till 2013 have been utilized for this purpose. Upon testing the data for stationarity, the Auto Regressive Distributed Lag (ARDL) model has been applied for the purpose of empirical investigation.The empirical results indicate that the productivity factor and externality effect of exports on the non-export sector are found to be statistically, positively significant, with the exports also having a positive impact on the economic growth and FDI of the country.The results support Exports Led Growth (ELG) and FDI-Led economic Growth (FLG) in Malaysia. The finding further suggests that Malaysia should continuous pursue exports promotion and a liberal investment economic policy in order to maintain and bolster overall economic growth.

Item Type: Article
Uncontrolled Keywords: Exports, FDI, Economic Growth, ARDL, Malaysia
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: College of Law, Government and International Studies
Depositing User: Prof. Madya Dr. Nor Aznin Abu Bakar
Date Deposited: 30 Dec 2014 01:38
Last Modified: 30 May 2016 03:10
URI: http://repo.uum.edu.my/id/eprint/12905

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