Economic Growth Analysis: A Study on Malaysian Market

Abstract

Economic performance of a country is mostly determined by the growth and any other internal and external factors. In this study, researchers purposely focused on Malaysian market by examining the relationship between export, inflation rate, government expenditure and foreign direct investment towards economic growth in Malaysia by applying the yearly data of 47 years from 1970 to 2016 using descriptive statistics, regression model and correlation method analysis. By applying Ordinary Least Square (OLS) method, the result suggests that export, government expenditure and foreign direct investment are positively and significantly correlated with the economic growth. However, inflation rate has negative and insignificant relationship with the economic growth. The outcome of the study is suggested to be useful in providing the future research direction towards the economic growth in Malaysia.
 Keywords: economic growth; export; inflation rate; government expenditure

Understanding Economic Indicator toward Tourism Sector and Economic Growth in Malaysia

“…Economic growth, which refers to the economy's long-term output capacity, has been a common topic of discussion among scholars and development economists. (Abdul Manaf et al, 2019). When an economy is producing more, the sales of its businesses become more profitable, resulting in an inflow of international corporations and an increase in the number Vol 12, Issue 3, (2023) E-ISSN: 2226-6348 of tourists.…”

“…It is essential to investigate the interactions between these variables. (Abdul Manaf et al, 2019). Economic growth is defined as an increase in the output of economic goods and services from one period to the next.…”