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An Emperical Study of Export , Import and Economic Growth in Malaysia

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An Emperical Study of Export ,Import And Economic Growth in Malaysia
Meloney Antong & Kartini Binti Kapin
Department of Economics,
Faculty Economics and Business
Universiti Malaysia Sarawak
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Abstract
This paper investigates the relationship between export and import to economic growth. This paper is an attempt to carry out an empirical examination of the hypothesis on export-led growth. It also determines the direction of causality between exports, import and output, and investigates short and long-run dynamic impact of exports, imports on GDP growth in case of Malaysia.
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Keywords : Economic Growth, GDP, Export and Import.
1. Introduction
Development is the main aim of any economy. The basic of economic development is economic growth. In order to promote economic growth, export-led growth is considered as the key to accelerate the rewards of all factors of production. Economic growth can related to many various factor. The main aim for any economy is development and economic growth is the basic of economic development. Export can be define as the goods and services that produce in the country and sold to the other countries. While, import is the goods and services that bought into other country for trade purpose. But, its depend to the import quotas, tariffs and agreement between the country. Export will represent the important sources of foreign exchange income. It also will ease the pressure on the balance payment. It also aims to increase the capacity to produce goods and services that can compete in the world market, to use advanced technology, and to provide the necessary foreign exchange to import capital goods. Exports may increase intra-industry trade, helps countries to integrate in the world economy and reduce the impact of external

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