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Title: |
On the Role of Exports in the Economic Growth of Malaysia: A
Multivariate Analysis |
| Author: |
Al-Yousif,
Yousif K. |
| Author
Affiliation: |
United Arab
Emirates U |
| Source: |
International Economic Journal, Autumn 1999, v. 13, no. 3, pp. 67-75 |
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Publication Date: |
Autumn 1999 |
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Abstract: |
In recent years a number of studies have
attempted to examine the export-led growth hypothesis in the Malaysian
context. The evidence is, however mixed and inconclusive. This might be
attributed to the fact that previous studies are bivariate in that they
only focus on the relationship between exports and economic growth.
Therefore, in the present paper we reexamine the relationship between
exports and economic growth in the Malaysian context using a
multivariate model in which other relevant factors (exchange rate,
labor, and capital) are allowed to exert their influence on the two
basic variables (exports and economic growth). Our results are
supportive of the export-led growth as a short-run phenomenon in
Malaysia. Over the long-run, however, our results support, instead, the
internally generated growth hypothesis. |
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