Exports, education, and growth in Malaysia
This paper examines the causal link between exports and education expenditure in Malaysia’s economic development using the cointegration technique, VECM and Granger causality test. The results suggest that the variables: GDP, exports, and education expenditure are cointegrated. The estimated long...
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| Format: | Conference or Workshop Item |
| Language: | English English |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/26004/ http://irep.iium.edu.my/26004/1/a02-43%2CDr.Mohammed_B._Yusoff.pdf http://irep.iium.edu.my/26004/4/2008ICEPT_Nanjing%2C_China.pdf |
| Summary: | This paper examines the causal link between exports and education expenditure in
Malaysia’s economic development using the cointegration technique, VECM and Granger
causality test. The results suggest that the variables: GDP, exports, and education expenditure are
cointegrated. The estimated long-run relationship shows that both exports and education
expenditure could explain the variation in real GDP where both are significant at one percent
level. The Granger causality test indicates that both the exports and education expenditure cause
economic growth where it is significant at one percent level. These imply that the Malaysian
export-oriented and education development strategy have played a very important role in the
development of Malaysian economy.
Keywords: Exports, education, growth, causality |
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