Empirical Analysis on the Factors Affecting Economic Sustainable Development Path in Malaysia: An Autoregressive Distributed Lag Cointegration Approach
Through its latest economic model, Malaysia has outlined ‘sustainability’ as the key element to achieve the Vision 2020 – to become a high-income nation by year 2020. This study analyzed the possible factors affecting sustainable development path in Malaysia using the Adjusted Net Savings (ANS) indi...
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| Format: | Article |
| Language: | English |
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EconJournals
2016-08-01
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| Series: | International Journal of Economics and Financial Issues |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/pub/ijefi/issue/31991/352801?publisher=http-www-cag-edu-tr-ilhan-ozturk |
| _version_ | 1797917752712757248 |
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| author | Faridah Pardi Abdol Samad Nawi |
| author_facet | Faridah Pardi Abdol Samad Nawi |
| author_sort | Faridah Pardi |
| collection | DOAJ |
| description | Through its latest economic model, Malaysia has outlined ‘sustainability’ as the key element to achieve the Vision 2020 – to become a high-income nation by year 2020. This study analyzed the possible factors affecting sustainable development path in Malaysia using the Adjusted Net Savings (ANS) indicator; as projected by World Bank from 1990s. We firstly conducted the ‘Structural break-unit root tests’ to assume stationarity of series with the possible presence of economic shocks during the period of 1972 to 2011. For model estimation, we applied the ARDL technique to find the cointegration between money supply (LFIN), nonrenewable natural resource (fuels, ores and metals) exports (LNR), trade openness (LTRD) and urban population (LURB) with ANS values (LANS). In the short-run, LFIN and LTRD have significant negative impact on LANS while in long run, LNR and LURB tend to have significant negative impact on economic sustainability in Malaysia. |
| first_indexed | 2024-04-10T13:18:15Z |
| format | Article |
| id | doaj.art-b7c64ebff1dd4e46a0b0db6fcac3de10 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T13:18:15Z |
| publishDate | 2016-08-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-b7c64ebff1dd4e46a0b0db6fcac3de102023-02-15T16:12:11ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-08-016667701032Empirical Analysis on the Factors Affecting Economic Sustainable Development Path in Malaysia: An Autoregressive Distributed Lag Cointegration ApproachFaridah PardiAbdol Samad NawiThrough its latest economic model, Malaysia has outlined ‘sustainability’ as the key element to achieve the Vision 2020 – to become a high-income nation by year 2020. This study analyzed the possible factors affecting sustainable development path in Malaysia using the Adjusted Net Savings (ANS) indicator; as projected by World Bank from 1990s. We firstly conducted the ‘Structural break-unit root tests’ to assume stationarity of series with the possible presence of economic shocks during the period of 1972 to 2011. For model estimation, we applied the ARDL technique to find the cointegration between money supply (LFIN), nonrenewable natural resource (fuels, ores and metals) exports (LNR), trade openness (LTRD) and urban population (LURB) with ANS values (LANS). In the short-run, LFIN and LTRD have significant negative impact on LANS while in long run, LNR and LURB tend to have significant negative impact on economic sustainability in Malaysia.https://dergipark.org.tr/tr/pub/ijefi/issue/31991/352801?publisher=http-www-cag-edu-tr-ilhan-ozturkadjusted net savings economic sustainable development path structural break malaysia |
| spellingShingle | Faridah Pardi Abdol Samad Nawi Empirical Analysis on the Factors Affecting Economic Sustainable Development Path in Malaysia: An Autoregressive Distributed Lag Cointegration Approach International Journal of Economics and Financial Issues adjusted net savings economic sustainable development path structural break malaysia |
| title | Empirical Analysis on the Factors Affecting Economic
Sustainable Development Path in Malaysia: An Autoregressive
Distributed Lag Cointegration Approach |
| title_full | Empirical Analysis on the Factors Affecting Economic
Sustainable Development Path in Malaysia: An Autoregressive
Distributed Lag Cointegration Approach |
| title_fullStr | Empirical Analysis on the Factors Affecting Economic
Sustainable Development Path in Malaysia: An Autoregressive
Distributed Lag Cointegration Approach |
| title_full_unstemmed | Empirical Analysis on the Factors Affecting Economic
Sustainable Development Path in Malaysia: An Autoregressive
Distributed Lag Cointegration Approach |
| title_short | Empirical Analysis on the Factors Affecting Economic
Sustainable Development Path in Malaysia: An Autoregressive
Distributed Lag Cointegration Approach |
| title_sort | empirical analysis on the factors affecting economic sustainable development path in malaysia an autoregressive distributed lag cointegration approach |
| topic | adjusted net savings economic sustainable development path structural break malaysia |
| url | https://dergipark.org.tr/tr/pub/ijefi/issue/31991/352801?publisher=http-www-cag-edu-tr-ilhan-ozturk |
| work_keys_str_mv | AT faridahpardi empiricalanalysisonthefactorsaffectingeconomicsustainabledevelopmentpathinmalaysiaanautoregressivedistributedlagcointegrationapproach AT abdolsamadnawi empiricalanalysisonthefactorsaffectingeconomicsustainabledevelopmentpathinmalaysiaanautoregressivedistributedlagcointegrationapproach |