Real Effects of Government Debt on Sustainable Economic Growth in Malaysia

• Autorzy: Muhammad Danial Ariff Burhanudin , Ruhaini Muda , Siti Badariah Saiful Nathan , Roshayani Arshad
• Języki publikacji: EN

Abstrakty

EN

The persistent increase of government debt in Malaysia in the recent years has raised concerns as to whether the borrowings have spurred the economy or became a drag on economic growth. The present paper investigates the real effect of government debt on sustainable economic growth in Malaysia using the Autoregressive Distributed Lag approach for the period of 1970-2015. The results show there are positive significant long- and short-run relationships between government debt and sustainable economic growth. There is also a unidirectional causality running from government debt to sustainable economic growth. The findings indicate that Malaysia's government debt is an important macroeconomic element for sustainability of economic growth in Malaysia. There is no evidence, however, to conclude that the level of government debt had any adverse impacts on sustainable economic growth. (original abstract)

Słowa kluczowe

EN

Economic growth; Sustainable development; Public debt

PL

Wzrost gospodarczy; Rozwój zrównoważony; Dług publiczny

• Czasopismo: Journal of International Studies
• Rocznik: 2017
• Tom: 10
• Numer: nr 3
• Strony: 161--172

Twórcy

autor

Muhammad Danial Ariff Burhanudin

• Universiti Teknologi MARA, Selangor, Malaysia

autor

Ruhaini Muda

• Universiti Teknologi MARA, Selangor, Malaysia

autor

Siti Badariah Saiful Nathan

• Universiti Teknologi MARA, Selangor, Malaysia

autor

Roshayani Arshad

• Universiti Teknologi MARA, Selangor, Malaysia

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Identyfikatory

DOI

10.14254/2071-8330.2017/10-3/12