Capital and consumption led growth: case study in Malaysia, Singapore, Japan and Zimbabwe / Mohd Azlan Abdul Majid, Mariam Setapa and Noorita Mohammad

Abdul Majid, Mohd Azlan and Setapa, Mariam and Mohammad, Noorita (2010) Capital and consumption led growth: case study in Malaysia, Singapore, Japan and Zimbabwe / Mohd Azlan Abdul Majid, Mariam Setapa and Noorita Mohammad. Research Reports. Research Management Institute (RMI), Shah Alam. (Unpublished)

Abstract

The purpose of this paper is to examine the impact of capital and consumption on the economic growth especially in Malaysia and compare to other countries like Japan, Singapore and Zimbabwe. Our study will be using a few methods such as Unit Root Test (URT); i. Augmented Dickey-Fuller Method (ADF), ii. Phillip-Perron Test (PP) and iii. Kwiatkowski-Phillip-Schmidt-Shin, Johnson Cointegration Test (JCT), followed by Vector Error Correction Model (UECM) and lastly by using Granger Causality Test (GCT). This paper finds that it's support capital-led growth hypotheses, but for consumption result differs for each tier development which is Malaysia & Singapore are support; Zimbabwe and Japan are partial support. This study is perhaps one of the first to address capital and consumption led growth using the new model / extended model to boost the economic growth of Malaysia. Keywords: capital-led growth; consumption-led growth; unit root; cointegration; granger causality

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Metadata

Item Type: Monograph (Research Reports)
Creators:
CreatorsID Num.
Abdul Majid, Mohd AzlanUNSPECIFIED
Setapa, MariamUNSPECIFIED
Mohammad, NooritaUNSPECIFIED
Subjects: H Social Sciences > HB Economic Theory. Demography > Capital. Capitalism
Divisions: Research Management Institute (RMI)
Item ID: 26400
Uncontrolled Keywords: Capital, consumption, led, Unit Root Test (URT)
URI: http://ir.uitm.edu.my/id/eprint/26400

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