Movement Control Order Policy to Prevent the Spread of COVID-19 and Its Impact on Quarterly Growth and Its Components in Malaysia - A Synthetic Control Method for Policy Evaluation

Basem Ertimi, Tamat Sarmidi, Norlin Khalid and Mohd Helmi Ali ()
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Mohd Helmi Ali: Faculty of Economics, University of Zawia, Libya

Asian Economics Letters, 2023, vol. 3, issue 3, 1-7

Abstract: In an attempt to mitigate the effects of COVID-19, the Malaysian government imposed the Movement Control Order (MCO). To address the adverse impacts of the MCO policy, the Malaysian government initiated a series of recovery plans for both fiscal and monetary measures. This study aims to assess the government’s various policy measures on Malaysia’s leading macroeconomic indicators. Regardless of the differences in the gross domestic product (GDP) components, the real impacts on GDP growth are almost identical between Malaysia and a control group. This result is partly explained by the increase in total and domestic investment and private consumption.

Keywords: synthetic control group; Malaysia; COVID-19 crisis; GDP components; MCO (search for similar items in EconPapers)
JEL-codes: I10 J18 O43 (search for similar items in EconPapers)
Date: 2023
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