Balance-Of-Payments-Constrained Growth Model: Empirical Evidence from Malaysia

Authors

  • Tuck Cheong Tang School of Business Monash University Malaysia, Malaysia

DOI:

https://doi.org/10.32890/ijms2005.12.1.3

Keywords:

Harrod-Thirlwall balance-of-payments-constrained growth model, bounds test, cointegration, exports, income

Abstract

Applying 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.

 

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Published

29-06-2005

Issue

Vol. 12 No. 1 (2005): International Journal of Management Studies (IJMS) Vol. 12, No. 1 June 2005

Section

Articles

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Harvested 2026-09-08
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Identifiers DOI 10.32890/ijms2005.12.1.3 OpenAlex W6980163370