Export-led Growth Hypothesis in Malaysia: New Evidence Using Disaggregated Data of Exports

Y. Amjad (), N.A.m Naseeem (), W.N.w Azman-Saini, Tajul Masron () and K. Kriskkumar ()
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Y. Amjad: Ministry of International Trade and Industry Menara MITI, No. 7 Jalan Sultan Haji Ahmad Shah 50480 Kuala Lumpur MALAYSIA
N.A.m Naseeem: Jabatan Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Putra Malaysia 43400 UPM Serdang Selangor MALAYSIA
Tajul Masron: School of Management, Universiti Sains Malaysia, 11800 USM Penang MALAYSIA
K. Kriskkumar: Jabatan Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Putra Malaysia 43400 UPM Serdang Selangor MALAYSIA

Jurnal Ekonomi Malaysia, 2018, vol. 52, issue 3, 167-179

Abstract: Export has been considered as main contributor to economic growth in which also known as export-led growth (ELG) hypothesis. The purpose of this study is to identify the export-led growth nexus in Malaysia. Specifically, this study focuses on disaggregated level of exports such as export of goods and manufactured sectors. By using ARDL co-integration technique for data that covers from 1980 to 2015, the result discovers that exports have positive impact on economic growth, particularly at disaggregated levels of exports namely exports of goods and export of manufactured sectors. This further supports the validation of the export-led growth hypothesis, especially in small, open and dynamic economy like Malaysia. From policy point of view, Malaysia policy makers should give special focus to search for better catalyst of exports promotion strategy to continuously and effectively promote long-term economic growth.

Keywords: ARDL; Malaysia; export-led growth (ELG) hypothesis; exports; growth (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ukm:jlekon:v:52:y:2018:i:3:p:167-179

DOI: 10.17576/JEM-2018-5203-13

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