Exports, education spending, foreign direct investment, and growth in Malaysia
This paper examines the relationship among exports, foreign direct investment(FDI), education spending and Malaysia’s economic development using the cointegration technique, VECM, and the Granger causality test. The results suggest that the variables: GDP, exports, foreign direct investment and e...
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| Format: | Proceeding Paper |
| Language: | English |
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2008
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| Online Access: | http://irep.iium.edu.my/26010/1/11-Mohammed_B._Yussof.pdf |
| _version_ | 1825646823959691264 |
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| author | Yusoff, Mohammed |
| author_facet | Yusoff, Mohammed |
| author_sort | Yusoff, Mohammed |
| collection | IIUM |
| description | This paper examines the relationship among exports, foreign direct investment(FDI), education
spending and Malaysia’s economic development using the cointegration technique, VECM, and the
Granger causality test. The results suggest that the variables: GDP, exports, foreign direct investment
and education spending are cointegrated. The estimated long-run relationship shows that exports, FDI
and education expenditure could explain the variation in real GDP where they are significant at one
percent level. The Granger causality test indicates that the exports, foreign direct investment and
education expenditure cause economic growth where they are also significant at one percent level.
These imply that the Malaysian export-oriented, liberal foreign direct investment and education
development strategies have played important role in the development of Malaysian economy. |
| first_indexed | 2024-03-05T23:08:22Z |
| format | Proceeding Paper |
| id | oai:generic.eprints.org:26010 |
| institution | International Islamic University Malaysia |
| language | English |
| last_indexed | 2024-03-13T18:59:03Z |
| publishDate | 2008 |
| record_format | dspace |
| spelling | oai:generic.eprints.org:260102012-11-06T11:39:40Z http://irep.iium.edu.my/26010/ Exports, education spending, foreign direct investment, and growth in Malaysia Yusoff, Mohammed HF3000 By region or country This paper examines the relationship among exports, foreign direct investment(FDI), education spending and Malaysia’s economic development using the cointegration technique, VECM, and the Granger causality test. The results suggest that the variables: GDP, exports, foreign direct investment and education spending are cointegrated. The estimated long-run relationship shows that exports, FDI and education expenditure could explain the variation in real GDP where they are significant at one percent level. The Granger causality test indicates that the exports, foreign direct investment and education expenditure cause economic growth where they are also significant at one percent level. These imply that the Malaysian export-oriented, liberal foreign direct investment and education development strategies have played important role in the development of Malaysian economy. 2008 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/26010/1/11-Mohammed_B._Yussof.pdf Yusoff, Mohammed (2008) Exports, education spending, foreign direct investment, and growth in Malaysia. In: Proceedings of the 3rd International Borneo Business Conference 2008, 15-17 December 2008, Kota Kinabalu, Sabah. http://www.ums.edu.my/spe/IBBC/index.htm |
| spellingShingle | HF3000 By region or country Yusoff, Mohammed Exports, education spending, foreign direct investment, and growth in Malaysia |
| title | Exports, education spending, foreign direct investment, and growth in Malaysia |
| title_full | Exports, education spending, foreign direct investment, and growth in Malaysia |
| title_fullStr | Exports, education spending, foreign direct investment, and growth in Malaysia |
| title_full_unstemmed | Exports, education spending, foreign direct investment, and growth in Malaysia |
| title_short | Exports, education spending, foreign direct investment, and growth in Malaysia |
| title_sort | exports education spending foreign direct investment and growth in malaysia |
| topic | HF3000 By region or country |
| url | http://irep.iium.edu.my/26010/1/11-Mohammed_B._Yussof.pdf |
| work_keys_str_mv | AT yusoffmohammed exportseducationspendingforeigndirectinvestmentandgrowthinmalaysia |