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Cointegration analysis of social services expenditure and human capital development in Malaysia: A bound testing approach

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dc.citedby4
dc.contributor.authorSapuan N.M.en_US
dc.contributor.authorSanusi N.A.en_US
dc.contributor.authorid49964398700en_US
dc.contributor.authorid36523822900en_US
dc.date.accessioned2023-12-29T07:43:47Z
dc.date.available2023-12-29T07:43:47Z
dc.date.issued2013
dc.description.abstractGovernment expenditure on social services is essential to the development of the economy. This fact also applies to Malaysia, a developing country that aspires to become a developed nation in a few years to come. As the Malaysian government plays a dominant role in financing public education and health services, an analysis on its investment in these areas, if made available, would be able to assist policymakers in generating a strategic plan to enhance human capital development and economic growth. Hence, the aim of this study is to investigate the long-run and short-run relationships between economic growth and social services expenditure with human capital indicators in Malaysia for the period of 1975-2011. The bound testing approach developed within the autoregressive distribution lag (ARDL) framework is employed. The empirical results show that there is a cointegrating relationship between economic growth and the explanatory variables i.e. investment, social services expenditure and human capital indicators. The results revealed that government expenditure in social services are important to human capital development and economic growth, and an increase in health and education capital can help generate better human capital and attain economic sustainability.en_US
dc.description.natureFinalen_US
dc.identifier.epage17
dc.identifier.issue2
dc.identifier.scopus2-s2.0-84887846050
dc.identifier.spage1
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84887846050&partnerID=40&md5=829d42275908897e90e9b6e4398c5279
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/29969
dc.identifier.volume34
dc.pagecount16
dc.sourceScopus
dc.sourcetitleJournal of Economic Cooperation and Development
dc.titleCointegration analysis of social services expenditure and human capital development in Malaysia: A bound testing approachen_US
dc.typeArticleen_US
dspace.entity.typePublication
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