Open AccessForeign Investment, Government Expenditure, and Economic Growth in Malaysia
Author(s) -
Fatimah Said,
Zarinah Yusof,
Saad Mohd Said,
Ahmad Farid Osman
Publication year - 2010
Publication title -
international journal of management studies
Language(s) - English
Resource type - Journals
eISSN - 2232-1608
pISSN - 2180-2467
DOI - 10.32890/ijms.17.1.2010.9980
Subject(s) - government expenditure , economics , per capita , ordinary least squares , foreign direct investment , investment (military) , real gross domestic product , per capita income , government (linguistics) , population growth , population , gross private domestic investment , monetary economics , demographic economics , development economics , macroeconomics , econometrics , public finance , return on investment , open ended investment company , demography , production (economics) , political science , philosophy , politics , linguistics , law , sociology
This study uses the ordinary least squares technique to examine the effect of foreign investment and government expenditure on the growth in GDP per capita in Malaysia over the period 1978-2005. The regression results showed that the growth of export and ratio of government expenditure to GDP are the driving forces in enhancing the economic growth in Malaysia. Foreign investment and previous year real income per capita growth depict positive impact, whereas population growth exerts a negative impact on economic growth.
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