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- Title
EXTERNAL BALANCE AND BUDGET IN MALAYSIA.
- Authors
Wong Hock Tsen
- Abstract
This study examines external balance and budget in Malaysia. The unit root test results show that the variables examined are a mixture of stationary and non-stationary variables. The bounds testing results show that there is a long-run relationship between external balance and its determinants, including budget, and also between budget and its determinants, including external balance. Moreover, the results of the causality analysis show that the current account targeting hypothesis and the Ricardian equivalence hypothesis dominate the relationship between external balance and budget. Short-run and long-run measures are needed to address external imbalances. A healthy external balance is important for sustainable economic growth.
- Subjects
MALAYSIA; BUDGET; MATHEMATICAL bounds; LONG run (Economics); RICARDIAN equivalence theorem; SUSTAINABLE development
- Publication
Asian Academy of Management Journal of Accounting & Finance, 2014, Vol 10, Issue 2, p37
- ISSN
1823-4992
- Publication type
Article