scispace - formally typeset
Open AccessJournal ArticleDOI

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

TLDR
In this article, the authors examined 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.
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.

read more

Content maybe subject to copyright    Report

Citations
More filters
Posted Content

Relationship among Foreign Direct Investment, Economic Growth and CO2 Emission: A Panel Data Analysis

TL;DR: In this paper, the effects of foreign direct investment and economic growth on CO2 emission were investigated for the period of 1992 to 2012 from 15 developing countries and the results showed that there is co-integrated relationship between the variables (FDI, CO2 and GDP).
Posted Content

The Impact of Fiscal Policy Variables on Output Growth

TL;DR: This article surveys the theoretical and empirical literature on the relationship between taxation and public expenditure and economic growth, focusing on the effect of taxation and government expenditure on the supply and productivity of labor and physical capital.
Dissertation

The impact of environmental quality on public health expenditure in Malaysia

TL;DR: In this paper, the authors examined the cointegration between environmental quality and socio economic factors for national health expenditure using secondary data from the World Bank Indicators and the Department of Statistics Malaysia.
Journal ArticleDOI

Exploring the relationship between remittances received, education expenditures, energy use, income, poverty, and economic growth: fresh empirical evidence in the context of selected remittances receiving countries

TL;DR: In this article, the authors explored the relationship between remittances received, education expenditure, energy use, income, poverty and economic growth for a panel of the nine selected remittance-receiving countries (Bangladesh, China, Egypt, India, Indonesia, Mexico, Nigeria, Pakistan, and Philippines).
Journal ArticleDOI

Effects of Air Pollution on Public and Private Health Expenditures in Iran: A Time Series Study (1972-2014).

TL;DR: Among the factors affecting health expenditures, environmental quality and contaminants played the most important role, and it is essential to reduce air pollution by enacting and implementing laws that protect the environment.
References
More filters
Journal ArticleDOI

A Contribution to the Empirics of Economic Growth

TL;DR: The authors examined whether the Solow growth model is consistent with the international variation in the standard of living, and they showed that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data.
Journal ArticleDOI

Bounds testing approaches to the analysis of level relationships

TL;DR: In this paper, the authors developed a new approach to the problem of testing the existence of a level relationship between a dependent variable and a set of regressors, when it is not known with certainty whether the underlying regressors are trend- or first-difference stationary.
Posted Content

A sensitivity analysis of cross-country growth regressions

TL;DR: In this article, the authors study whether the conclusions from existing studies are robust or fragile when small changes in the list of independent variables occur, and they find that although "policy"appears to be importantly related to growth, there is no strong independent relationship between growth and almost every existing policy indicator.
Posted Content

Government spending in a simple model of endogenous growth

TL;DR: This article extended these models to include tax- financed government services that affect production or utility, and showed that growth and saving rates fall with an increase in utility-type expenditures; the two rates rise initially with productive government expenditures but subsequently decline.
Posted Content

A sensitivity analysis of cross-country growth regressions

TL;DR: The authors examined whether the conclusions from existing studies are robust or fragile to small changes in the conditioning information set and found a positive, robust correlation between growth and the share of investment in GDP and between investment share and the ratio of international trade to GDP.
Related Papers (5)