Business, Management and Accounting
2 years ago

Financial development in Malaysia drives economic growth, shaping future prosperity.

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Labuan Bulletin of International Business and Finance (LBIBF)
THE DYNAMIC CAUSAL BETWEEN FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: EMPIRICAL EVIDENCE FROM MALAYSIA BASED ON VECTOR ERROR CORRECTION MODELING APPROACH
Rosilawati Amiruddin, Abu Hassan Shaari Mohd Nor, Ismadi Ismail

Paper Summary

The study looked at how financial development affects economic growth in Malaysia using quarterly data. They used a method called Vector Error Correction Model to analyze the relationship. The results showed that there is a connection between financial development and economic growth in both the short term and long term. This means that the financial sector plays a significant role in influencing economic activity in Malaysia.

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