Household Spending Boosts Malaysia's Economy, Trade Drags It Down
The goal was to figure out what affects Malaysia's economic growth. They looked at things like how much households spend, foreign investments, inflation, population, and trade from 1966 to 2016. It turns out that household spending and trade are crucial for the country's economy. Household spending helps, while trade has a negative impact on economic growth. Surprisingly, foreign investments, inflation, and population don't really affect how well the country's economy does. They found that changes in these factors can explain about 64.45% of Malaysia's economic growth, but around 35.55% is due to other things not studied.