Balance-Of-Payments-Constrained Growth Model: Empirical Evidence from Malaysia
AbstractApplying cointegration approach, the present study aims to examine the validity of the Harrod Thirlwall balance-of-payments-constrained growth model in Malaysia. The results show that real income and real exports are not cointegrated during the period 1960-2000. This reveals that the Harrod- Thirlwall balance-of-payments-constrained growth hypothesis has not been supported in Malaysia.
How to Cite
TANG, Tuck Cheong. Balance-Of-Payments-Constrained Growth Model: Empirical Evidence from Malaysia. International Journal of Management Studies, [S.l.], v. 12, n. 1, p. 59-75, mar. 2020. ISSN 2180-2467. Available at: <http://e-journal.uum.edu.my/index.php/ijms/article/view/9198>. Date accessed: 06 july 2020.