Theoretical and Applied Economics
No. 2 / 2021 (627), Summer
The effect of financial liberalization on Malaysian economic growth
University of Constantine 2, Algeria
Abstract. This study aims at identifying the impact of financial liberalization on Malaysian Economic Growth during 1990-2019. So we selected the most important factors and financial determinants that represent the financial liberalization, which in turn impacts economic growth. These variables are represented in the rate of inflation and Kaopen Index, foreign direct investment inflows, trade openness and financial deepening, and all serve as means that reflect financial liberalization. The ADF (Dickey-Fuller) unit root test revealed that all of the time series do not contain a unit root. Especially at the first Defference, the Engle and Granger cointegration test demonstrated that there is a correlation between time series, therefore the Model was evaluated through the fully modified least-Squares Method (FMOLS), The Method demonstrated that all study variables have statistical significance and that financial liberalization has a positive impact on Malaysian Economic growth during the study period. Moreover, Granger's causality test showed that in the short term, there is no impact of the variables of the financial liberalization on the economic growth.
Contents
The impact of non-banking financial markets on economic development
The effect of financial liberalization on Malaysian economic growth
Causal relationship between agricultural exports and economic growth: a diagnostic approach
COVID-19 and CAPM: a tale of reference dependence with the pharma stocks’ returns
Statistical analysis on population ageing
An impulse response function analysis of the impact of modern payment technologies on money demand in Nigeria
Statistical analysis on the evolution of economic activity in Romania
Determinants of trade flows to Agadir Agreement countries: gravity model three-way approach
Case study: The impact on the Romanian State Budget in the case of EU adoption of the CCCTB Directive
Public expenditure and economic development: New evidence from the BRICS-SAARC-ASEAN region
The external debt burden and economic growth in Africa: a panel data analysis
What explains the real exchange rate movement for the BRICS nations? With a separate analysis for Indian economy
Export supporting strategy, distance to frontier and economic growth
Volatility Forecasting, Market Efficiency and Effect of Recession of SRI Indices
The impact of taxation on growth: the case of Greece