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Export-Led Growth Hypothesis: An Empirical Evidence of Malaysia

Ahmad Abdullah
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Ahmad Abdullah: Jabatan Ekonomi Fakulti Ekonomi & Pengurusan Universiti Pertanian Malaysia 43400 Serdang Selangor Darul Ehsan

Jurnal Ekonomi Malaysia, 1993, vol. 27, 85-97

Abstract: This paper empirically investigates export-led growth hypothesis in total Malaysian exports and exports to dynamic Asia-Pacific and non-Asia-Pacific countries by using a three-variable vector autoregressive (VAR) model. The model was subjected to three different causality test procedures; Granger’s causality, Hsiao’ s technique and variance decomposition. The results indicate that export-led growth hypothesis is supported in two out of three series used and exports to Asia-Pacific counties have helped Malaysia to enjoy a high growth rate.

Date: 1993
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