The role of international trade and industrialization in economic growth in developing countries: The case of Malaysia.
Salman Ahmadi
Abstract
Open-access reader
Salman Ahmadi
Abstract
Open-access reader
This study found that: a strong, positive and highly significant relationship between exports growth and income growth is observed with high explanatory powers for the models; export growth in Malaysia makes a contribution to income growth over and above the contribution of primary factors of production (labor and capital); introducing export as a variable in the production function will increase the power of the model; the elasticity of income with respect to export was significantly higher than those of other developing countries previously investigated by other researchers.
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This study found that: a strong, positive and highly significant relationship between exports growth and income growth is observed with high explanatory powers for the models; export growth in Malaysia makes a contribution to income growth over and above the contribution of primary factors of production (labor and capital); introducing export as a variable in the production function will increase the power of the model; the elasticity of income with respect to export was significantly higher than those of other developing countries previously investigated by other researchers.
Key concepts: Industrialisation, International trade, Developing country, Economics, International economics, Business, Development economics, Economic growth