Pembangunan kewangan dan pertumbuhan sektor-sektor ekonomi

Bukti empirikal di Malaysia

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

The objective of this paper is to study the impact of financial sector development on three main economic sectors of Malaysia, namely primary sector, secondary sector and tertiary sector. Time series econometric methods, such as stationary tests, cointegration tests and causality tests in the form of vector autoregresive (VAR) model are applied. The results show that the financial development proxied by M3/KDNK significantly influence the change in output of the primary sector, while the real lending interest rate (RLR) significantly influence the change in output of tertiary sector. This findings support the finance-led growth hypothesis orsuppplyleading hypothesis for the primary sector and the tertiary sector. On the other hand, the output of the secondary sector does influence the financial development variable of M3/KDNK, thus supporting the demand-following hypothesis.

Original languageUndefined/Unknown
Pages (from-to)65-89
Number of pages25
JournalJurnal Ekonomi Malaysia
Volume42
Issue number1
Publication statusPublished - 2008

Keywords

  • Causality test
  • Cointegration
  • Economic sectors
  • Financial development

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)

Cite this

Pembangunan kewangan dan pertumbuhan sektor-sektor ekonomi : Bukti empirikal di Malaysia. / Abdul Karim, Zulkefly; Zaidi, Mohd Azlan Shah; Asii, Norain Mod.

In: Jurnal Ekonomi Malaysia, Vol. 42, No. 1, 2008, p. 65-89.

Research output: Contribution to journalArticle

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