Economic Growth In Malaysia Research Articles

IMPACT OF EXPORT DIVERSIFICATION ON THE ECONOMIC GROWTH IN MALAYSIA

This study aims to analyse the impact of export diversification on the economic growth in Malaysia in both the short and long run. Computed data of degree of specialisation and diversification (DSD) in Malaysia from 1987 to 2017 were utilised. Furthermore, this study takes into consideration other determinants such as foreign direct investment and human capital to examine their impacts on the economic growth in Malaysia. The findings indicate that Malaysia is experiencing diversification in its export basket. Furthermore, all the independent variables were found to be positive and significant in relation to economic growth in the long run. However, there was no short-run relationship found throughout the studies amongst the dependent and independent variables. The research findings suggested that Malaysia should diversify further in terms of export commodities and cultivate a larger partnership socially and economically with the rest of the world.

Factors Affecting Crime Rate in Malaysia Using Autoregressive Distributed Lag Modeling Approach

An increase in the crime rate may jeopardize a country’s development and economic growth. Thus, understanding the relationship between crime and a few determinants is ,crucial in sustaining the economic growth in Malaysia. The four determinants used in this research are economic growth, population, education level, and inflation rate. The data covers the period from 1984 to 2019, and Autoregressive Distributed Lag (ARDL) modeling approaches were used in this research. The findings showed that only the population has a significant positive impact on crime rates for long-term and short-term relationships. Meanwhile, economic growth and education level have a significant long-term positive effect on the crime rate. On the other hand, the inflation rate did not significantly impact the crime rate in long-term and short-term relationships. Interestingly, it was found in the findings that the crime rate and population showed a bidirectional causal relationship indicating that the past population values are useful for a better prediction of the current crime rate and vice versa. Thus, the Malaysian government should encourage people to cooperate with the enforcement authorities to deter crime for future environmental safety effectively

Relationship between Foreign Direct Investment (FDI), Employment (EMPLOY) and Government Expenditure (GOVEXP) on Malaysia Economic Growth: 2012 - 2020

Many studies have endeavored the most factors contributing to the economic growth. The contribution of foreign direct investment (FDI) to economic growth is possibly one of the widely examined topics in academic research within the last five decades. The other research also shows that employment (EMPLOY) and government expenditure (GOVEXP) contribute to economic growth. Hence, this study’s purpose is to examine the relationship between FDI, EMPLOY, and GOVEXP on Malaysia’s economic growth. This study used Auto Regressive Distributed Lag Model (ARDL) using data from 2012 to 2020. The findings of the study show that there is a positive long-term relationship between employment and economic growth. Based on the findings, related parties involved in formulating policies regarding economic growth may consider that policies associated with employment should be taken into consideration accordingly.

Personal Competency and Behaviour Effect on Design Judgement Among Designers in Furniture Manufacturing

Malaysia furniture manufacturing is a lucrative industry with the majority are Small and Medium Enterprises (SME). Moving the SMEs from Original Equipment Manufacturer (OEM) to Original Design Manufacturer (ODM) is encouraged by the government in pursuit of global competitiveness. One aspect of transformation is hiring design personnel into the manufacturing organisation especially among the Bumiputra SMEs who are lagging behind the other manufacturers. The purpose of this study is to identify the qualities of designers who could improve design judgement for New Product Development (NPD) of furniture in their current operating context. This article is part of a series of studies in improving Bumiputra SMEs global competitiveness. This study in particular looks into aspects of the designer’s competencies and behaviour that will affect design judgement. A survey was conducted on 33 designers who are employed from among 106 manufacturers registered with the Bumiputera furniture manufacturer organisation of Malaysia. Statistical analyses including factor analysis, descriptive analysis, t-test, were employed to test relationships between dependent and independent variables. The study found personal skill, knowledge, ability, and experience representing designer’s personal competencies; and value, attitude, and trait representing designer’s personal behaviour are critical in making appropriate design judgement. The results are expected to contribute to the development of a Designer Personal Competency Model for the furniture NPD process to help Bumiputra furniture SME manufacturers transform their OEM practice to ODM. This study is significant in supporting Malaysia economic growth specifically among Bumiputra SME manufacturers.

THE PROGRESS OF SHARI’AH IMPLEMENTATION IN ZAKAH MANAGEMENT & THE ACTUAL PROCEEDS: MALAYSIA AS A CASE STUDY WITH CORRELATION ANALYSIS

This paper analyzes the Malaysian Zakah/Zakat Management, which is related to law and its actual proceeds.Despite numerous efforts being made in many OIC Muslim countries and technological breakthroughs, Zakah is still unable to tackle poverty eradication. This study shows the progress of Zakah by one of the OIC Muslim countries, Malaysia. Malaysia's Zakah actual proceeds are a far cry from a total Muslim population; in fact, approximately 60% of Malaysians are Muslim. Although enjoying tremendous economic growth, Zakah’s potential contribution to Malaysia indicates a gap within the country’s GDP. These failures may relate to Zakah institutions in each state that do not fully adhere to general Islamic law or not follow the fatwa of the Shafi' sect that Zakah is obligatory. The explanation is that, since the country is home to many races and religions, Zakah is exempted from contribution. A prove that the fatwa affects the Zakah's collection, the data would be computed to estimate the proceeds by statistical tools, namely; descriptive, correlation, regression, and the ARDL approach to co-integration testing. This study examines a collection of data between 1991 to 2019 related to economic growth in Malaysia, for instance, Zakah's collection, GDP, interest, inflation, taxes, and unemployment in the country. This paper encourages policymakers to review the decision taken by National Council Fatwa Committee to adhere to the proper fatwa by Shafi's sect and to create effective infrastructure policies.

Learning of Higher Education and Economic Growth in Malaysia

Learning of Higher Education and Economic Growth in Malaysia

The Impact of Government Expenditure on Economic Growth in Malaysia

Government spending is a major component of Gross Domestic Product (GDP). The matter of overspending comes into the perspective where it might be deemed inevitable but necessary. If the government’s budget is being overspent, it may have failed to address the real element that may boost productivity. Therefore, this research is conducted to study the impact of government expenditures on the economic growth in Malaysia using independent variables like development expenditure, education, healthcare, and gross fixed capital formation from 1980 to 2020 as guidelines. Findings of this study show development expenditure is positively significant affecting Malaysia economic growth, while education, healthcare, and gross fixed capital formation are negatively significant. A long-run relationship is also detected for the model used in this study.

Risk Management of Start-up Business for SMEs: A Review Paper

Nowadays, SMEs plays a vital role in economic growth in Malaysia because it is the largest category of business in Malaysia. Therefore, many Malaysians, especially young generations, are involved in this area as they believe that entrepreneurship can help them improve their living standard and income level. Besides, the government support become one of the factors why young Malaysian people want to be an entrepreneur. However, many successful entrepreneurs in Malaysia struggled to survive because of some risks and challenges that they need to face. Therefore, this paper aims to study previous papers regarding the importance of risk management in start-up businesses. This paper found that protection of insurance/takaful and mathematical risk index is an essential tool that can help the entrepreneur manage and measure the risk in entrepreneurship.

Internet Consumption and Economic Growth in Malaysia's Post-Covid 19 Economic Recovery Efforts

This study intends to look into the link between home consumption, internet users, and economic growth in Malaysia as an effort to understand the condition of the three variables before the COVID-19 pandemic took place as an investigation of important indicators in efforts to recover the economy after the COVID-19 pandemic.We collected data from the world bank. We estimate the relationship between the variables of Education, Consumption, and Economic Growth in Malaysia using the Vector Autoregression (VAR) method in our research. We found that domestic consumption in Malaysia is important in driving economic growth and internet literacy in Malaysia. Domestic consumption before the Covid-19 era in Malaysia was a trigger for the increase in internet use in Malaysia as well as encouraging economic growth in Malaysia. It is important for Malaysia to consider increasing domestic consumption Malaysia using internet technology facilities in the pandemic and post-pandemic era as an effort to recover the Malaysian economy.

The Effect Of The United States Of America And China Economic Policies On The Economy Of Malaysia

Finding out how uncertainty affects macroeconomic indicators and the US and Chinese economic policy is the goal of this study, namely inflation, investment, and Brent oil prices on Malaysia's economic growth. The variables used are GDP, Inflation, Investment, and Brent Oil Prices. We used an annual research period from 1995 to 2020. The method used is Autoregressive Distributed Lag (ARDL). We discover that the unpredictability of the US and Chinese economic policies on Malaysia's economic development differs significantly. The uncertainty of US economic policy has a significant positive effect in the short term, but the uncertainty of China's economic policy in the long term has no effect. Investment variables and oil prices have an effect on economic growth in the first model, in the second model, it is found that investment has a significant effect on Malaysia's economic growth. However, inflation has a significant negative impact on Malaysia's economic growth in both models.

Why is Human Capital Investment Not Immediate Impact? Investigating the Impact of Human Capital, Financial Capital, and Technological Capital on Economic Growth in Malaysia

This study's objective for look at short-term and long-term effects of production parameters (money, people, technology) on national production (GDP). In this study, the money factor is indicated by total investment nationally, the human factor is indicated by work participation (workers), and human capital (total investment in education and health nationally). Our technology factor uses the indicator of total technology investment nationally (Total investment in science and technology research and development plus technology imports). This study uses secondary data obtained from the World Bank for the period 1985 to 2020. The Distributed’s Autoregressive Lag Method was used in this research. Some investigation found something about investment to the human resources cannot be directly felt in the short term because the impact given in investment in human resources requires a process before it has an impact on national production. However, financial capital, work participation, and technology can be felt immediately in the short term. Human Capital are very important. This requires good attention in supporting the improvement of human capital. Human capital investment is beneficial in the long term and having a significant effect to the long term.

Investigation Of The Impact Of Exchange Rates, Interest Rates, Economic Growth, And Circulation Of Electronic Money On Inflation In Malaysia

This project intends to research the effects of the USD vs Malaysian Ringgit exchange rate, Malaysia's central bank interest rate, The growth of the economic in malaysia, the circulation for electronic money in Malaysia on inflation in Malaysia. Bank Negara Malaysia is a secondary data source for this investigation, global financial institution (IMF), also the World Bank with a monthly research period from January 2012 to January 2020. We use Model for Error Correction (ECM) model for the investigate some influence relationship at the long and short run.We found that a stronger USD further depresses the Malaysian ringgit and has an impact on increasing Malaysia’s inflation on the long and short run. When the Malaysian central bank interest rate are higher, the more it will push Malaysia’s inflation. And the higher economic growth in Malaysia, the more accelerating inflation at Malaysia, at long and the short run. However, some circulation of electronic money in Malaysia only has a short-term impact on inflation and in the long term the impact is not significant.

Pressure on Foreign Debt and Interest Rates on the Malaysian Economy, Is it True that the Money Supply Drives Economic Growth?

The study aims to investigate foreign debt, interest rates, exchange rates, and economic growth in Malaysia. This study uses secondary data sourced from the world bank with an annual research period from 2000 to 2020. This research uses The data analysis method used in this research is the causal analysis method, namely the Autoregressive Distributed Lag (ARDL). We found that external debt hinders Malaysia's economic growth, this is reinforced by a significant negative relationship both in the long and short term from interest rates which actually suppress economic growth. It is intriguing that there is a strong positive correlation between economic growth and foreign debt in the short term. While it is logical that foreign debt boosts growth temporarily, it eventually (in long term) weighs down the economy. Economic growth is driven by the strengthening of the exchange rate, but not the money supply in both the long and short term. The money supply actually only encourages economic growth in the short term but depresses the economy in the long run.

Shadow Economy and Selected Macroeconomic Variables Affecting Economic Growth in Malaysia

Shadow Economy and Selected Macroeconomic Variables Affecting Economic Growth in Malaysia

Kinetic Study of Fenton-Like Degradation of Methylene Blue in Aqueous Solution Using Calcium Peroxide

The textile industry is one of the fastest-growing industries that significantly contribute to the economic growth in Malaysia. Dyeing wastewater is one of the more difficult to control in industrial wastewater. Methylene blue is a widely used dye in the textile industry, which cannot be discharged directly into the natural environment without treatment. The present study involves the degradation of methylene blue by a Fenton-like system using calcium peroxide (CaO2, CP). The process of degradation was recorded spectrophotometrically. The field emission scanning electron microscope (FESEM) and energy dispersive X-ray (EDX) were measured for testing the purchased commercial calcium peroxide. The effect of pH, the initial dosage of CaO2, and temperatures were studied with kinetics modeling, respectively. The results indicated that 97.07% removal of methylene blue took place at the optimum condition (pH=3.0, initial CaO2, dosage=3.0 g, 65°C, 150 rpm, contact time=60 minutes). Over four models (zero-order, first-order, second-order, Behnajady, Modirshahla, and Ghanbary (BMG) model) applied in this study, the BMG model with the R2=0.9935 was in accordance with the experimental data.

The Development of Growth Model with the Implication of Crisis Regime

This conceptual paper aims to develop the theory of growth proposed by Keynes by considering crises or events that occur as well as incorporating interaction variables into the model to be studied simultaneously. Studies related to growth theory have been conducted before. However, previous studies have ignored crises or important events that affect economic growth. Although the Keynesian theory has been used to achieve the objectives of the study, past studies have proven that Wagner's Law may exist in some situations. Therefore, the opinions of these two economic figures related to the theory of government expenditure and economic growth should be given attention. The main objective of this conceptual paper was to assess the relationship between interactional variables and dummy variables of structural change in three regimes or different crises occurring simultaneously and the effects on economic growth in Malaysia for the long-term and short-term periods. The Autoregressive Distributed Lag (ARDL) method will be used to ascertain long-term and short-term relationships between endogenous and exogenous variables. Then, the results from previous studies are included in the findings section of the study.

Determinants of Malaysia Economic Growth: Linear Regression Analysis

The purpose of this paper is to study the relationship between Malaysia economic growth and its determinant, namely, government expenditure, investment, and net exports. The data has been collected from Data World Bank from year 1989 to 2019. Linear regression analysis is used to analyse the data. Malaysia economics growth has shown a steady upward trend year by year. Government spending is also increasing year by year. However, investment trend and net export has shown inconsistent pattern from year 1989 to 2019. Due to this pattern, it is important to study the factors that lead to economic growth. As a result of this research, government spending and net export has significant relationship to Malaysia economic growth, while investment is said to be no significant relationship to economic growth.

Dynamic linkages between non-renewable energy, renewable energy and economic growth through nonlinear ARDL approach: evidence from Malaysia.

The purpose of this paper is to investigate the links between renewable energy (RE), non-renewable energy (NRE), capital, labour and economic growth, using the nonlinear autoregressive distributive lag (NARDL) model in Malaysia for the period of 1980-2018. The results of NARDL confirm the asymmetric effect of RE and NRE consumption on the economic growth in the long run as well as the short run in Malaysia. The findings also show that in the long and short run, positive shocks of NRE are greater than the positive shocks of RE. It indicates that Malaysia's economic growth is highly dependent on NRE which is not a good indication as NRE consumption increases carbon dioxide (CO2) emission in the country. Moreover, the empirical results of this study demonstrated that RE consumption reduction accelerates economic growth, whereas NRE consumption reduction decreases economic growth. It can have claimed that in Malaysia, RE is still more expensive than NRE. In conclusion, this study offered a variety of measures to develop RE to reduce the dependency on NRE consumption.

Impact of NILM-based energy efficiency on environmental degradation and kuznets hypothesis analysis

Nonintrusive load monitoring (NILM) breaks down the aggregated electrical consumption data into individual appliances. The feedback of disaggregated data to the consumers enables awareness and behaviour change to conserve electricity, consequently reducing CO2 emissions to the environment. However, the limited literature regarding the impact of NILM and Kuznets hypothesis (EKC) analysis on CO2 emissions reduction has restricted policymakers in developing effective mitigation measures. This work aims to assess the impact of NILM-based based energy efficiency (EE) on environmental improvement. The combined approach of scenario simulation and EKC analysis was adopted to gauge the effectiveness of NILM that leads to sustainable development. The monotonically increase relationship between environmental degradation and economic growth in Malaysia without peaking beyond 2030 implies that the current mitigation measures and policies imposed may not effectively cope with the future power demands for sustainable development. NILM-based EE measures could be a great potential for reducing CO2 emissions by 10.2%. The inverted-U curves and reduced turning points of environmental degradation from the income level of USD 20,063.36 to USD 16,305.19. Therefore, NILM approach can accelerate sustainable development with lower environmental deterioration. The work may beneficial to policymakers to analyse the impact and effectiveness of mitigation measures quantitatively.

The Role of Digital Financial Inclusion and Social Welfare in Realizing Sustainable Development

The goal of this study is to determine how social welfare and digital financial inclusion relate to one another and to how they affect sustainable development in Malaysia. We take data from the World Bank as a secondary source for the years 2000 to 2020, From our estimation results, We find that the variables we estimate have long-term and short-term correlations such as economic growth and digital financial inclusion and economic growth with life expectancy, in the short term digital financial inclusion has a negative effect on economic growth, then life expectancy also has a significant negative relationship with economic growth, but in the long term, it is significantly positive. This shows that between the two variables, with increasing economic growth, the number of digital financial inclusion will actually decrease, although this only applies in the short term, then in the long term with increasing life expectations will increase economic growth in Malaysia.