Citation
Mohd Daud, Siti Nurazira and Ahmad, Abd Halim and Wan Ngah, Wan Azman Saini
(2013)
Does external debt contribute to Malaysia economic growth?
Ekonomska Istrazivanja-Economic Research, 26 (2).
pp. 51-68.
ISSN 1331-677X
Abstract
This paper analyzes the contribution of external debt to Malaysia’s economic growth. To investigate whether the external debt has contributed to the economic growth in the long run, the growth model is tested by applying the Autoregressive Distributed Lag (ARDL) bound test. In addition, the existence of the threshold effect is examined to estimate the optimal level of external debt. The empirical results reveal that the accumulation of external debt is associated with an increase in Malaysia’s economic growth up to an optimal level, and an additional increase of external indebtedness beyond the level has inversely contributed to the Malaysian economy.
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| Publisher: | Juraj Dobrila University of Pula |
| Keywords: | Economic growth; International economics; External debt; Malaysia |
| Depositing User: | Umikalthom Abdullah |
| Date Deposited: | 07 Apr 2015 01:42 |
| Last Modified: | 07 Apr 2015 01:42 |
| URI: | http://psasir.upm.edu.my/id/eprint/30833 |
| Statistic Details: | View Download Statistic |
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