UPSI Digital Repository (UDRep)
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UPSI Digital Repository (UDRep)
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| Abstract : Universiti Pendidikan Sultan Idris |
| The major goal of this research is to determine how the global financial crisis and certain
macroeconomic factors have affected Malaysia's economic growth. This research
investigates how Malaysian economic growth is impacted by government investment
on education, real interest rates, broad money, and the global financial crisis. Annual
secondary data have been utilised for this study's objectives beginning in 1992 and
continuing through 2021. In order to calculate the coefficient values for the four
variables in this study—government expenditure on education, real interest rates, broad
money, and dummy variables that symbolise the global financial crisis—the least
squares method was used. According to the study's results, Malaysia's economic growth
is significantly influenced favourably by the factor of government spending on
education. The coefficient value of β=0.323 supports this finding. The study's results
also show that the broad money variable has a positive and substantial impact on
economic growth, with a coefficient value of β=0.139. The study's results also suggest
that the real interest rate and dummy varibale indicators of the global financial crisis
have a negative and significant impact on Malaysia's economic growth. The respective
coefficient values of β=-0.419 and β=-4.5994 provide credence to this conclusion.
Overall, the government's investment on education, broad money, interest rates, and the
global financial crisis all have an impact on economic growth in Malaysia. The study's
findings demonstrate that long-term economic development in a nation may be fueled
by government investment on education. The study's results also imply that Malaysia's
economic development may be impacted by broad money |
| References |
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