期刊名称：International Business & Economics Research Journal
印刷版ISSN：1535-0754
电子版ISSN：2157-9393
出版年度：2011
卷号：7
期号：2
语种：English
出版社：The Clute Institute for Academic Research
摘要：This study analyzes the effects of external debts on economic growth in Malaysia. The analysis is conducted both at aggregate and disaggregate levels. The empirical results are based on VAR estimates using GDP, external debts, capital accumulation, labor force and human capital. Estimation results at the aggregate level indicate that total external debts affect economic growth positively. In particular, one percentage point increase in total external debts generates 1.29 percentage point of economic growth in the long term. Meanwhile, the positive effects of project loan has been detected at the disaggregate level. However, market loan has not shown any significant effect on economic growth. In the short-run, total external debts as well as project loan has positive effects on economic growth.
