Title of article :
Balance-of-Payments-Constrained Growth Model: Empirical Evidence from Malaysia
Author/Authors :
TANG, TUCK CHEONG Monash University Malaysia - School of Business, Malaysia
Abstract :
Applying cointegration approach, the present study aims to examine the validity of the Harrod Thirlwall balance-of-payments-constrained growth model in Malaysia. The results show that real income and real exports are not cointegrated during the period 1960-2000. This reveals that the Harrod- Thirlwall balance-of-payments-constrained growth hypothesis has not been supported in Malaysia.
Keywords :
Harrod , Thirlwall balance , of , payments , constrained growth model , bounds test , cointegration , exports , income
Journal title :
International Journal of Management Studies
Journal title :
International Journal of Management Studies
