The liberalization of financial sector development towards economic growth in Malaysia

Chong, Siat Lee (2009) The liberalization of financial sector development towards economic growth in Malaysia. [Final Year Project Report] (Unpublished)

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THE LIBERALIZATION OF FINANCIAL SECTOR DEVELOPMENT TOWARDS ECONOMIC GROWTH IN MALAYSIA(OCR).pdf
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Abstract

This stu dy aims to examine the relationship between financial sector development, real effective exchange rate, trade openness (sum of import and export), foreign direct investment (FDI) and economic growth in Malaysia from 1976 to 2005. F ive types of methods incl ude Augmented Dickey - Fuller (ADF) U nit R oot T est , Johansen and Juselius C ointegration T est , Normalized Equation, Granger - Causality Test, and Cumulative Sum of Recursive Residuals (CUSUM) Stability Test are conducted in this study . The results show that fin ancial sector development and trade openness were greatly improving economic growth. However, the real effective exchange rate and f oreign direct investment (FDI) were negatively affecting growth of Malaysia’s economy . Overall , the empirical results suppor t that well - developed financial sector plays significant role in leading domestic economy expansion. In addition, economic growth was found to Granger - cause financial development in the short run .

Item Type: Final Year Project Report
Additional Information: Project Report (B.Sc.) -- Universiti Malaysia Sarawak, 2009.
Uncontrolled Keywords: Economic development--Management, Economic development--Evaluation--Methodology, UNIMAS, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, IPTA, education, research, Universiti Malaysia Sarawak
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
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: 08 May 2015 03:40
Last Modified: 07 Feb 2023 09:37
URI: http://ir.unimas.my/id/eprint/6484

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