Savings, Investment &amp; FDI Contribution To Malaysian Economic Growth In The Globalization Era

Mansur, Kasim; Mamalakis, Markos; Idris, Sidah

doi:10.19030/iber.v2i8.3826

Cited by 5 publications

(8 citation statements)

References 4 publications

(2 reference statements)

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“…As a result, this has led to increasing attentions on the related topics among the economists in recent years. In line with the saving/investment-led-growth hypothesis being adhered regionally, the high rates of domestic savings and investment, among others, have constituted as a significant factor for Malaysia to favourably accelerate the steady progress of the nation's economic growth (Mansur, Mamalakis, & Idris, 2011). Throughout the years, Malaysia has demonstrated a promising profile of economic growth rates.…”

Section: Introductionmentioning

confidence: 93%

“…According to Solow (1956) as cited in Mansur et al (2011), a direct linkage does exist between saving and investment to economic growth. As such, the linkage goes with higher savings will lead to higher investment, which in turn causing higher economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Pertaining to the potential impact of investment on economic growth, Mansur et al (2011) enlightens that high domestic saving and investment ratios, of which EPF is the largest single savings institution, have accompanied Malaysia with high rate of economic growth notably over the 1970 -1990 timeframe. Also, Abdul Razak & Mohd.…”

Section: Cointegration and Long Run Relationshipmentioning

confidence: 99%

“…Throughout the years, Malaysia has demonstrated a promising profile of economic growth rates. For instance, an average annual growth rate (AAGR) of about five percent was registered from 1980 to 1988, increased to the AAGR of nine percent from 1989 to 1991, scaled down to the AAGR of 5.8 percent in 1999 due to the repercussions from the 1997's Asian Financial Crisis (AFC), elevated to the AAGR of 8.5 percent in 2001 before moderated at around 4.5 percent from 2002 onwards (Mansur et al, 2011). Elsewhere, Radelet, Sachs, & Lee (1997) conclude that a direct link does exist between savings and economic growth in which a 10 percent increase in the government savings-to-GDP ratio is tied to a 1.2 percent rise per year in the country's economic development.…”

Section: Introductionmentioning

confidence: 99%

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The relationship between economic growth and employee provident fund: an empirical evidence from Malaysia

Hassan¹,

Othman²,

Mohaideen³

2018

BEH

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Over the years, Malaysia has progressively accelerated its economic development, thanks to the adherence to high rates of domestic savings and investment. Of which, the Employees Provident Fund (EPF) is one of the schemes that caters for the private sector workers. Specifically, this paper investigates the relationship between economic growth and EPF investment in Malaysia for the period of 1970 -2014. The model, which is derived from the Cobb-Douglas production function, is tested by econometric techniques; Johansen cointegration and Granger causality within VECM. While the EPF investment is proven statistically insignificant in the short run, there is evidence of the saving/investment-led-growth hypothesis being the long run phenomenon for Malaysia. In view of the possible over-dependence on investment funds in general going forward, the policy makers are recommended to reinforce the government's initiative in facilitating more business ventures as means to attract incoming funds, including FDI flows, towards streaming into the country. JEL Classifications: E20, F43, G23

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Section: Introductionmentioning

confidence: 93%

Section: Literature Reviewmentioning

confidence: 99%

Section: Cointegration and Long Run Relationshipmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

The relationship between economic growth and employee provident fund: an empirical evidence from Malaysia

Hassan¹,

Othman²,

Mohaideen³

2018

BEH

View full text Add to dashboard Cite

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“…It is vital for attracting foreign investment and constructing development projects (Dollerya and Worthingtonb, 1996). East Asian countries such as Malaysia, Thailand and Singapore registered sustained economic growth rates largely due to substantial foreign investment flows (Mansur et al, 2011). As an example of the negative impact of political instability on (MCPs) development is shown in the tensions between Turkey, Syria and Iraq which is raised from time to time due to South-eastern Anatolia Project (SAP) initiated in Turkey.…”

mentioning

confidence: 99%

Challenges of mega construction projects in developing countries

Othman

Ayman

2013

OTMCJ

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o r g a n i z a t i o n , t e c h n o l o g y a n d m a n a g e m e n t i n c o n s t r u c t i o n · a n i n t e r n a t i o n a l j o u r n a l · 5(1)2013 730 Mega Construction Projects (MCPs) represent a strategic option towards achieving sustainable development objectives in developing countries. On the one hand, these projects are charaterised with the need for high design knowledge and technical skills; competent human resources and managerial capabilities as well as excessive cost investment. Conversely, developing countries experience shortage of many of these requirements, which obstruct the development of (MCPs). This paper aims to identify, validate, and classify the challenges of delivering (MCPs) in developing countries. Towards achieving this aim, two approaches were employed, namely literature review and case studies, to accomplish four objectives. Challenges of mega construction projects in developing countries• Reviewing the nature and characteristics of developing countries and (MCPs); identifying the challenges of delivering (MCPs) in developing countries and establishing the need for (MCPs) in developing countries.• Validating the challenges identified from Litearture review through collecting and analysing 36 case studies of (MCPs) in developeding countries. Case studies confirmed many of the identified challenges and added new insights that were not covered in current literature.• Classifying the identified clalenges into four categories: engineering challenges, human development challenges, managerial and political challenges and sustainability challenges.• Outlining research conclusions and recommendations useful for delivering successful (MCPs) in developing countries.

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Understanding the Impact of Failure Managing Debt on Young People: A Systematic Review

Abdul Mulup,

Isamail,

Abd Rahim

2024

Navigating the Technological Tide: The Evolution and Challenges of Business Model Innovation

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Savings, Investment & FDI Contribution To Malaysian Economic Growth In The Globalization Era

Abstract: What are the prospects and future of Foreign Direct Investment (FDI)

Cited by 5 publications

References 4 publications

The relationship between economic growth and employee provident fund: an empirical evidence from Malaysia

The relationship between economic growth and employee provident fund: an empirical evidence from Malaysia

Challenges of mega construction projects in developing countries

Understanding the Impact of Failure Managing Debt on Young People: A Systematic Review

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