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Does external debt contribute to Malaysia economic growth?

This paper analyzes the contribution of external debt to Malaysia’s economic growth. To investigate whether the external debt has contributed to the economic growth in the long run, the growth model is tested by applying the Autoregressive Distributed Lag (ARDL) bound test. In addition, the exi...

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Main Authors: Mohd Daud, Siti Nurazira, Ahmad, Abd Halim, Wan Ngah, Wan Azman Saini
Format: Article
Published: Juraj Dobrila University of Pula 2013
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id oai:psasir.upm.edu.my:30833
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spelling oai:psasir.upm.edu.my:30833 http://psasir.upm.edu.my/id/eprint/30833/ Does external debt contribute to Malaysia economic growth? Mohd Daud, Siti Nurazira Ahmad, Abd Halim Wan Ngah, Wan Azman Saini This paper analyzes the contribution of external debt to Malaysia’s economic growth. To investigate whether the external debt has contributed to the economic growth in the long run, the growth model is tested by applying the Autoregressive Distributed Lag (ARDL) bound test. In addition, the existence of the threshold effect is examined to estimate the optimal level of external debt. The empirical results reveal that the accumulation of external debt is associated with an increase in Malaysia’s economic growth up to an optimal level, and an additional increase of external indebtedness beyond the level has inversely contributed to the Malaysian economy. Juraj Dobrila University of Pula 2013 Article PeerReviewed Mohd Daud, Siti Nurazira and Ahmad, Abd Halim and Wan Ngah, Wan Azman Saini (2013) Does external debt contribute to Malaysia economic growth? Ekonomska Istrazivanja-Economic Research, 26 (2). pp. 51-68. ISSN 1331-677X http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=152934
institution UPM IR
collection UPM IR
description This paper analyzes the contribution of external debt to Malaysia’s economic growth. To investigate whether the external debt has contributed to the economic growth in the long run, the growth model is tested by applying the Autoregressive Distributed Lag (ARDL) bound test. In addition, the existence of the threshold effect is examined to estimate the optimal level of external debt. The empirical results reveal that the accumulation of external debt is associated with an increase in Malaysia’s economic growth up to an optimal level, and an additional increase of external indebtedness beyond the level has inversely contributed to the Malaysian economy.
format Article
author Mohd Daud, Siti Nurazira
Ahmad, Abd Halim
Wan Ngah, Wan Azman Saini
spellingShingle Mohd Daud, Siti Nurazira
Ahmad, Abd Halim
Wan Ngah, Wan Azman Saini
Does external debt contribute to Malaysia economic growth?
author_facet Mohd Daud, Siti Nurazira
Ahmad, Abd Halim
Wan Ngah, Wan Azman Saini
author_sort Mohd Daud, Siti Nurazira
title Does external debt contribute to Malaysia economic growth?
title_short Does external debt contribute to Malaysia economic growth?
title_full Does external debt contribute to Malaysia economic growth?
title_fullStr Does external debt contribute to Malaysia economic growth?
title_full_unstemmed Does external debt contribute to Malaysia economic growth?
title_sort does external debt contribute to malaysia economic growth?
publisher Juraj Dobrila University of Pula
publishDate 2013
_version_ 1819295361625227264
score 13.4562235

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