Empirical Analysis on the Factors Affecting EconomicSustainable Development Path in Malaysia: An AutoregressiveDistributed Lag Cointegration Approach

Faridah PARDİ; Abdol Samad NAWİ

Article Details

Empirical Analysis on the Factors Affecting EconomicSustainable Development Path in Malaysia: An AutoregressiveDistributed Lag Cointegration Approach

Authors:

Faridah PARDİ | Abdol Samad NAWİ

Publisher:

İlhan ÖZTÜRK

Journal:

International Journal of Economics and Financial Issues 2016 Vol.6 Issue 6, pp.67-70

Document Type:

Article

Publication Date:

7/2016

Document Language:

Turkish

Document ID (Org No.):

2000812690

Frequency:

Bimonthly

eISSN:

2146-4138

Abstract:

 

Through its latest economic model, Malaysia has outlined ‘sustainability’ as the key element to achieve the Vision 2020 – to become a high-income nation by year 2020. This study analyzed the possible factors affecting sustainable development path in Malaysia using the Adjusted Net Savings (ANS) indicator; as projected by World Bank from 1990s. We firstly conducted the ‘Structural break-unit root tests’ to assume stationarity of series with the possible presence of economic shocks during the period of 1972 to 2011. For model estimation, we applied the ARDL technique to find the cointegration between money supply (LFIN), nonrenewable natural resource (fuels, ores and metals) exports (LNR), trade openness (LTRD) and urban population (LURB) with ANS values (LANS). In the short-run, LFIN and LTRD have significant negative impact on LANS while in long run, LNR and LURB tend to have significant negative impact on economic sustainability in Malaysia.

Article Details

Empirical Analysis on the Factors Affecting EconomicSustainable Development Path in Malaysia: An AutoregressiveDistributed Lag Cointegration Approach

Authors: Faridah PARDİ | Abdol Samad NAWİ

Publisher: İlhan ÖZTÜRK

Journal: International Journal of Economics and Financial Issues 2016 Vol.6 Issue 6, pp.67-70

Document Type: Article

Publication Date: 7/2016

Document Language: Turkish

Document ID (Org No.): 2000812690

Frequency: Bimonthly

eISSN: 2146-4138

Issues

Authors:

Faridah PARDİ | Abdol Samad NAWİ

Publisher:

İlhan ÖZTÜRK

Journal:

International Journal of Economics and Financial Issues 2016 Vol.6 Issue 6, pp.67-70

Document Type:

Article

Publication Date:

7/2016

Document Language:

Turkish

Document ID (Org No.):

2000812690

Frequency:

Bimonthly

eISSN:

2146-4138