Linking economic development to socio-economic well-being in Malaysia

Norasibah Abdul Jalil

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Type :	article
Subject :	H Social Sciences (General)
ISSN :	2277-5412
Main Author :	Norasibah Abdul Jalil
Additional Authors :	Wan Salmuni Wan Mustaffa Norimah Rambeli @ Ramli Gamal, Awadh Ahmed Mohammed Gan, Pei-Tha
Title :	Linking economic development to socio-economic well-being in Malaysia

Place of Production :	Tanjung Malim
Publisher :	Fakulti Pengurusan dan Ekonomi
Year of Publication :	2023
Notes :	Indian Journal of Economics and Development
Corporate Name :	Universiti Pendidikan Sultan Idris
HTTP Link :	Click to view web link

Abstract : Universiti Pendidikan Sultan Idris

This study attempted to show that employment, education, health and income were essential means to reduce poverty incidence with the interference of economic development in Malaysia. Correlation and regression techniques were used to analyze time series data from 1989 to 2020 and panel data across states from 1980 to 2020 in Malaysia. The correlation analysis showed significant positive relationships between the first three means (employment, education and health) and income status. In the regression analysis, economic development, represented by gross domestic product (GDP), significantly reduced poverty incidence. All the findings implied that various economic development programs can help achieve sustainable socio-economic well-being in the country. 2023 The Society of Economics and Development, except certain content provided by third parties.

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