Foreign direct investment, exports, education, and growth in Malaysia

Although it has been recognised that foreign direct investment (FDI), exports, and education are important ingredients in economic development, not much research has been carried out in developing countries to determine the effects of these three variables, taken together, on economic growth. Most o...

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Main Author:	Yusoff, Mohammed
Format:	Article
Language:	English English
Published:	Inderscience 2014
Subjects:	HF3000 By region or country
Online Access:	http://irep.iium.edu.my/27044/ http://irep.iium.edu.my/27044/ http://irep.iium.edu.my/27044/1/Foreign_direct_investment%2C_exports%2C_education..._GBER.pdf http://irep.iium.edu.my/27044/4/27044_Foreign%20direct_Scopus.pdf

id	iium-27044
recordtype	eprints
spelling	iium-270442017-09-07T08:13:14Z http://irep.iium.edu.my/27044/ Foreign direct investment, exports, education, and growth in Malaysia Yusoff, Mohammed HF3000 By region or country Although it has been recognised that foreign direct investment (FDI), exports, and education are important ingredients in economic development, not much research has been carried out in developing countries to determine the effects of these three variables, taken together, on economic growth. Most of these studies focus on the effects of exports on growth or FDI on growth or exports: education on growth, and FDI on growth. This paper examines the relationship of these three variables together on economic growth using the cointegration technique, VECM, and the causality tests. The results suggest that real GDP per capita, exports, FDI and education spending are cointegrated. The estimated long-run relationship shows that exports, FDI and education expenditure could explain the variation in real GDP per capita. Both the Granger and Toda-Yamamoto causality tests support the hypothesis that exports, FDI and education expenditure cause economic growth with no feedback. These imply that the Malaysian export-oriented, liberal FDI and education development strategies have played important role in the development of Malaysian economy. Inderscience 2014 Article PeerReviewed application/pdf en http://irep.iium.edu.my/27044/1/Foreign_direct_investment%2C_exports%2C_education..._GBER.pdf application/pdf en http://irep.iium.edu.my/27044/4/27044_Foreign%20direct_Scopus.pdf Yusoff, Mohammed (2014) Foreign direct investment, exports, education, and growth in Malaysia. Global Business and Economics Review, 16 (2). pp. 111-122. ISSN 1745-1329 http://www.inderscience.com/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HF3000 By region or country
spellingShingle	HF3000 By region or country Yusoff, Mohammed Foreign direct investment, exports, education, and growth in Malaysia
description	Although it has been recognised that foreign direct investment (FDI), exports, and education are important ingredients in economic development, not much research has been carried out in developing countries to determine the effects of these three variables, taken together, on economic growth. Most of these studies focus on the effects of exports on growth or FDI on growth or exports: education on growth, and FDI on growth. This paper examines the relationship of these three variables together on economic growth using the cointegration technique, VECM, and the causality tests. The results suggest that real GDP per capita, exports, FDI and education spending are cointegrated. The estimated long-run relationship shows that exports, FDI and education expenditure could explain the variation in real GDP per capita. Both the Granger and Toda-Yamamoto causality tests support the hypothesis that exports, FDI and education expenditure cause economic growth with no feedback. These imply that the Malaysian export-oriented, liberal FDI and education development strategies have played important role in the development of Malaysian economy.
format	Article
author	Yusoff, Mohammed
author_facet	Yusoff, Mohammed
author_sort	Yusoff, Mohammed
title	Foreign direct investment, exports, education, and growth in Malaysia
title_short	Foreign direct investment, exports, education, and growth in Malaysia
title_full	Foreign direct investment, exports, education, and growth in Malaysia
title_fullStr	Foreign direct investment, exports, education, and growth in Malaysia
title_full_unstemmed	Foreign direct investment, exports, education, and growth in Malaysia
title_sort	foreign direct investment, exports, education, and growth in malaysia
publisher	Inderscience
publishDate	2014
url	http://irep.iium.edu.my/27044/ http://irep.iium.edu.my/27044/ http://irep.iium.edu.my/27044/1/Foreign_direct_investment%2C_exports%2C_education..._GBER.pdf http://irep.iium.edu.my/27044/4/27044_Foreign%20direct_Scopus.pdf
first_indexed	2023-09-18T20:40:13Z
last_indexed	2023-09-18T20:40:13Z
_version_	1777409314966732800

Foreign direct investment, exports, education, and growth in Malaysia

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