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An investigation on trade openness, fiscal policy and economic growth in Malaysia: Using an ARDL bounds testing approach


Abdullah, Hussin 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 (IJMS), 16 (2). pp. 177-197. ISSN 0127-8983

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Abstract

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.

Item Type: Article
Uncontrolled Keywords: Economic growth, trade openness, fiscal policy, government expenditure, Autoregressive Distributed Lag (ARDL)
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: College of Arts and Sciences
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 29 Sep 2010 02:21
Last Modified: 29 Sep 2010 02:21
URI: http://repo.uum.edu.my/id/eprint/577

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