The export-led growth in Malaysia: Does economic policy uncertainty and geopolitical risks matter?

Authors: Adedoyin, F.F., Afolabi, J.O., Yalçiner, K. and Bekun, F.V.

Journal: Journal of Public Affairs

Volume: 22

Issue: 1

eISSN: 1479-1854

ISSN: 1472-3891

DOI: 10.1002/pa.2361

Abstract:

In spite of the fact that the connection between exports of goods and services and economic growth has for quite some time been talked about, the examination of the relationship in light of recent global events such as economic policy uncertainty and geopolitical risks is yet to be given the required attention. Various empirical researches have demonstrated that the export-led growth hypothesis (ELGH) holds for singular nations in terms of overall economic development. However, this study re-examines the ELGH with a special focus on the absolute and mediating impact of economic policy uncertainties and geopolitical risks. With data spanning the period 1980 to 2018. Empirical results from the Autoregressive distributed lag model and the error correction models suggest that for Malaysia, Economic Policy Uncertainty (EPU) exerts a negative impact on growth evens as its moderating impact on exports leads to negative economic growth. On the other hand, the impact of Geopolitical risk on growth is both negative and positive but insignificant in the short-run and long-run respectively. The study suggests the government of Malaysia works to ensure macroeconomic and political stability to achieve export-driven growth in the country.

http://eprints.bournemouth.ac.uk/34362/

Source: Scopus

Theexport-ledgrowth in Malaysia: Does economic policy uncertainty and geopolitical risks matter?

Authors: Adedoyin, F.F., Afolabi, J.O., Yalciner, K. and Bekun, F.V.

Journal: JOURNAL OF PUBLIC AFFAIRS

eISSN: 1479-1854

ISSN: 1472-3891

DOI: 10.1002/pa.2361

http://eprints.bournemouth.ac.uk/34362/

Source: Web of Science (Lite)

The export-led growth in Malaysia: Does economic policy uncertainty and geopolitical risks matter?

Authors: Adedoyin, F.F., Afolabi, J.O., Yalçiner, K. and Bekun, F.V.

Journal: Journal of Public Affairs

DOI: 10.1002/pa.2361

http://eprints.bournemouth.ac.uk/34362/

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85089867755&doi=10.1002%2fpa.2361&partnerID=40&md5=3dd6942d40b4dd1b1df2f4b813ff95c4

Source: Manual

The Export-Led Growth in Malaysia: Does Economic Policy Uncertainty and Geopolitical Risks Matter?

Authors: Adedoyin, F., Afolabi, J., Bekun, F.V. and Kursat, Y.

Journal: Journal of Public Affairs

Volume: 22

Issue: 1

ISSN: 1472-3891

Abstract:

In spite of the fact that the connection between exports of goods and services and economic growth has for quite some time been talked about, the examination of the relationship in light of recent global events such as economic policy uncertainty and geopolitical risks is yet to be given the required attention. Various empirical research has demonstrated that the export-led growth hypothesis (ELGH) holds for singular nations in terms of overall economic development. However, this study re-examines the ELGH with a special focus on the absolute and mediating impact of economic policy uncertainties and geopolitical risks. With data spanning the period 1980 to 2018. Empirical results from the Autoregressive distributed lag model and the error correction models suggest that for Malaysia, Economic Policy Uncertainty (EPU) exerts a negative impact on growth evens as its moderating impact on exports leads to negative economic growth. On the other hand, the impact of Geopolitical risk on growth is both negative and positive but insignificant in the short-run and long-run respectively. The study suggests the government of Malaysia works to ensure macroeconomic and political stability to achieve export-driven growth in the country.

http://eprints.bournemouth.ac.uk/34362/

Source: BURO EPrints