Empirical evaluation on external debt of Malaysia
This study analyzes the effects of external debts on economic growth in Malaysia. The analysis is conducted both at aggregate and disaggregate levels. The empirical results are based on VAR estimates using GDP, external debts, capital accumulation, labor force and human capital. Estimation results a...
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2008
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my.uum.repo.15942010-11-28T08:18:35Z http://repo.uum.edu.my/1594/ Empirical evaluation on external debt of Malaysia Abu Bakar, Nor'Aznin Hassan, Sallahuddin HJ Public Finance This study analyzes the effects of external debts on economic growth in Malaysia. The analysis is conducted both at aggregate and disaggregate levels. The empirical results are based on VAR estimates using GDP, external debts, capital accumulation, labor force and human capital. Estimation results at the aggregate level indicate that total external debts affect economic growth positively. In particular, one percentage point increase in total external debts generates 1.29 percentage point of economic growth in the long term. Meanwhile, the positive effects of project loan has been detected at the disaggregate level. However, market loan has not shown any significant effect on economic growth. In the short-run, total external debts as well as project loan has positive effects on economic growth The Clute Institute for Academic Research 2008 Article PeerReviewed application/pdf en http://repo.uum.edu.my/1594/1/Nor%27_Aznin_Abu_Bakar%2C_Sallahuddin_Hassan.pdf Abu Bakar, Nor'Aznin and Hassan, Sallahuddin (2008) Empirical evaluation on external debt of Malaysia. International Business & Economics Research Journal, 7 (2). pp. 95-108. ISSN 1535-0754 http://www.cluteinstitute-onlinejournals.com/PDFs/674.pdf |
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HJ Public Finance Abu Bakar, Nor'Aznin Hassan, Sallahuddin Empirical evaluation on external debt of Malaysia |
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This study analyzes the effects of external debts on economic growth in Malaysia. The analysis is conducted both at aggregate and disaggregate levels. The empirical results are based on VAR estimates using GDP, external debts, capital accumulation, labor force and human capital. Estimation results at the aggregate level indicate that total external debts affect economic growth positively. In particular, one percentage point increase in total external debts generates 1.29 percentage point of economic growth in the long term. Meanwhile, the positive effects of project loan has been detected at the disaggregate level. However, market loan has not shown any significant effect on economic growth. In the short-run, total external debts as well as project loan has positive effects on economic growth |
format |
Article |
author |
Abu Bakar, Nor'Aznin Hassan, Sallahuddin |
author_facet |
Abu Bakar, Nor'Aznin Hassan, Sallahuddin |
author_sort |
Abu Bakar, Nor'Aznin |
title |
Empirical evaluation on external debt of Malaysia |
title_short |
Empirical evaluation on external debt of Malaysia |
title_full |
Empirical evaluation on external debt of Malaysia |
title_fullStr |
Empirical evaluation on external debt of Malaysia |
title_full_unstemmed |
Empirical evaluation on external debt of Malaysia |
title_sort |
empirical evaluation on external debt of malaysia |
publisher |
The Clute Institute for Academic Research |
publishDate |
2008 |
url |
http://repo.uum.edu.my/1594/1/Nor%27_Aznin_Abu_Bakar%2C_Sallahuddin_Hassan.pdf http://repo.uum.edu.my/1594/ http://www.cluteinstitute-onlinejournals.com/PDFs/674.pdf |
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13.149126 |