Tang, Chor-Foon and Lau, Evan (2011) The Behaviour Of Disaggregated Public Expenditures And Income In Malaysia. REVIEW OF APPLIED ECONOMICS Vol. 7, No. 1-2,, 7 (1-2).
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Abstract
Abstract: The present study attempts to re-investigate the behaviour of disaggregated public expenditures data and national income for Malaysia. This study covers the sample period of annual data from 1960 to 2007. The Bartlett-corrected trace tests proposed by Johansen (2002) were used to ascertain the presence of long run equilibrium relationship between public expenditures and national income. The results show one cointegrating vector for each specification of public expenditures. The relatively new MWALD test indicates a strong unidirectional causal effect runs from national income to public expenditures in Malaysia. While, bilateral causality evident exists merely between public expenditure on health and national income. In Malaysia, it is not a wise strategy to solely depend on fiscal policy for long-term economic development
| Item Type: | Article |
|---|---|
| Additional Information: | Universiti Malaysia Sarawak |
| Uncontrolled Keywords: | UNIMAS, 2012, Barlett-corrected trace test, Growth, MWALD, Public Expenditure |
| Subjects: | H Social Sciences > HJ Public Finance H Social Sciences > HM Sociology |
| Divisions: | Academic Faculties, Institutes and Centres > Faculty of Economics and Business Faculties, Institutes, Centres > Faculty of Economics and Business |
| Depositing User: | Karen Kornalius |
| Date Deposited: | 21 Apr 2014 02:48 |
| Last Modified: | 05 Jul 2021 12:55 |
| URI: | http://ir.unimas.my/id/eprint/1798 |
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