ISSN: 2222-6990
Open access
This manuscript examines the linkage between macroeconomic variables namely population, unemployment and export with the economic growth in Malaysia. This is owing to the conflicting findings produced by researchers in the past. Applying the multiple linear regressions (MLR) analysis for a time series quarterly data from 2006 until 2016, this study finds the presence of linear relationship between the respective variables. More specifically, population is significant and negatively related to economic growth, while export is significant in a negative manner. Contrary to our expectation, this study documented an insignificant relationship that unemployment has towards economic growth. This study is contributory to the policy maker and the academic community particularly for them to further understand the issues relating to the researched variables.
Abdullah, A., Shah, T., Sargani, G. R., Ali, A., & Siraj, W. (2015). The effect of increase in population on the economic growth of Bangladesh. Developing Country Studies, 5(17), 87-94.
Afzal, M. (2009). Population growth and economic development in Pakistan. The Open Demography Journal, 2(1).
Ahmed, R. N., & Ahmad, K. (2016). Impact of Population on Economic Growth: A Case Study of Pakistan. Bulletin of Business and Economics (BBE), 5(3), 162-176.
Ahmed, R. C., & Ambreen, A. (2014), Economic Determinants of Unemployment in Pakistan: Cointegration Analysis. International Journal of Business and Social Science, 5(3), 209-221.
Alamro, H., & Al-dalaien, Q. F. (2014). Modeling the Relationship between GDP and Unemployment for Okun's Law Specific to Jordan. Available at SSRN 2440674.
Albatel, A. H. (2005). Population growth and economic development in Saudi Arabia. Scientific Journal of King Faisal University (Humanities and Management Sciences), 6(2), 341-374.
Alhdiy, F. M., Johari, F., Daud, S. N. M., & Rahman, A. A. (2015). Short and long term relationship between economic growth and unemployment in Egypt: An empirical analysis. Mediterranean Journal of Social Sciences, 6(4), 454.
Ali, Q., Shaikh, M., Shah, A. B., & Shaikh, F. M. (2017). Relationship between Export and Economic Growth in Pakistan by Using OlS Technique. International Journal of Case Studies, 6, 4.
Ang. S. H., & Loganathan, N. (2013). Interactions Between Economic Growth and Unemployment Condition in Asian Region. International Journal of Economics and Empirical Research, 1(12),135-146.
Furuoka, F. (2009). Population growth and economic development: New empirical evidence from Thailand. Economics Bulletin, 29(1), 1-14.
Furuoka, F., & Munir, Q. (2010). Does export dependency hurt economic development? Empirical evidence from Singapore”. Economics Bulletin, 30(1), 204-218.
Hamed, K., Hadi, D., & Hossein, K. (2014). Export diversification and economic growth in some selected developing countries. African Journal of Business Management, 8(17), 700-704.
Hassan. M, Morteza. N., & Hadi. D. (2013). Relationship Between Export Diversification and Economic Growth. International Journal of Basic Sciences & Applied Research, 2 (12), 991-999.
Ibrahim. K., & Mahmoud. A. (2016). Economic Growth and Unemployment Relationship: A Empirical Study for MENA Countries. International Journal of Managerial Studies and Research (IJMSR), 4(12), 19-24.
Jorge Garza-Rodriguez and Cecilia I. Andrade-Velasco and Karen D. Martinez-Silva and Francisco D. Renteria-Rodriguez and Pedro A. Vallejo-Castillo, (2016) ''The relationship between population growth and economic growth in Mexico'', Economics Bulletin, 36(1), 97-107.
Meier, G. M., & Rauch, J. E. (1995). Leading issues in economic development (Vol. 6). New York: Oxford University Press.
Michael, E. O., Emeka, A., & Emmanuel, E. N. (2016). The Relationship between Unemployment and Economic Growth in Nigeria: Granger Causality Approach. Research Journal of Financial and Accounting, 7(24), 153-162.
Mosikari, T. J. (2013). The effect of unemployment rate on gross domestic product: Case of South Africa. Mediterranean Journal of Social Sciences, 4(6), 429.
Mudenda, C., Choga, I., & Chigamba, C. (2014). The role of export diversification on economic growth in South Africa. Mediterranean Journal of Social Sciences, 5(9), 705.
Nam, C. B. (1994). Understanding Population Change. FE Peacock Publishers Inc.
Noor, Z. M., Nor, N. M., & Ghani, J. (2007). The relationship between output and unemployment in Malaysia: Does Okun’s law exist. International Journal of Economics and Management, 1(3), 337-344.
Obere, A., Thuku, G. K., & Gachanja, P. (2013). The Impact of Population Change on Economic Growth in Kenya.
Özgür, M. I., & Sava?, B (2009). Temporal Causality Between Population And Income In Turkey: An ARDL Bounds Testing Approach. Aksaray Üniversitesi ?ktisadi Ve ?dari Bilimler, 1(1), 162-176.
Sentsho, J. (2000). Export revenues as
In-Text Citation: (Omar & Nor, 2020)
To Cite this Article: Omar, M. S., & Nor, A. M. (2020). Macroeconomic Variables and Economic Growth: The Malaysian Perspectives. International Journal of Academic Research in Business and Social Sciences, 10(3), 272–280.
Copyright: © 2020 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode