Exports, education spending, foreign direct investment, and growth in Malaysia

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.

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Abstract

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.

Item Type:	Conference or Workshop Item (Full Paper)
Additional Information:	4178/26010
Uncontrolled Keywords:	exports, FDI, education, growth, causality
Subjects:	H Social Sciences > HF Commerce > HF3000 By region or country
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Professor Mohammed Yusoff
Date Deposited:	09 Oct 2012 10:45
Last Modified:	06 Nov 2012 19:39
URI:	http://irep.iium.edu.my/id/eprint/26010

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