Testing budget sustainability in Malaysia

This study examines the sustainability of Malaysian budget deficit for the period of 1970-2011. The study adopts government intertemporal budget constraint as framework and tests the long-run cointegration relationship between government revenue and government expenditure. Johansen cointegration tes...

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Bibliographic Details
Main Author: Voon, Belinda Mei Yuh
Format: Thesis
Language:English
Published: 2013
Subjects:
Online Access:http://ir.unimas.my/id/eprint/3021/3/Testing%20budget%20sustainability%20in%20Malaysia%20%28fulltext%29.pdf
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Summary:This study examines the sustainability of Malaysian budget deficit for the period of 1970-2011. The study adopts government intertemporal budget constraint as framework and tests the long-run cointegration relationship between government revenue and government expenditure. Johansen cointegration test and Granger causality test have been applied for analysis purpose.