Economic Shock and Resilience in Malaysia
The economic resiliency of an economy is determined by various factors and may he represented by various indicators. One of these indicators is fiscal balance. This study examines the resiliency of the Malaysian economy by examining the impact of economic shocks on fiscal balance using standard tim...
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| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2016
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/25170/1/ECoFI%202016%20325-332_1.PDF http://repo.uum.edu.my/25170/ |
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| Summary: | The economic resiliency of an economy is determined by various factors and may he represented by various indicators. One of these indicators is fiscal balance. This study examines the resiliency of the Malaysian
economy by examining the impact of economic shocks on fiscal balance using standard time series method for the period 1980 - 2012. The study uncovers evidence of a significant impact of the world recession 1985 on fiscal balance. Unemployment rates and inflation are also significant in determining fiscal balance. The study also identifies a short run causality running from the Asian Financial Crisis 1997 to fiscal balance. |
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