DOES EXTERNAL DEBT CONTRIBUTE TO MALAYSIA ECONOMIC GROWTH?

被引:1
|
作者
Daud, Siti Nurazira Mohd [1 ]
Ahmad, Abd Halim [2 ]
Azman-Saini, W. N. W. [3 ]
机构
[1] Univ Sains Islam Malaysia, Fac Econ & Muamalat, Nilai 71700, Negeri Sembilan, Malaysia
[2] Univ Utara Malaysia, Coll Business, Sintok 06010, Kedah Darul Ama, Malaysia
[3] Univ Putra Malaysia, Dept Econ, Fac Econ & Management, Serdang 43400, Selangor, Malaysia
来源
关键词
Economic growth; International economics; External debt; Malaysia; IMPORT DEMAND;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:51 / 67
页数:17
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