Hubungan dinamik antara pemboleh ubah interaksi dan perdagangan antarabangsa terhadap pertumbuhan ekonomi di Malaysia

Tujuan utama kajian ini dijalankan adalah untuk menentukan hubungan dinamikantara pemboleh ubah interaksi dan perdagangan antarabangsa dalam dua model yangberbeza (Model Eksport dan Model Import) terhadap pertumbuhan ekonomi diMalaysia dalam jangka masa panjang dan jangka masa pendek. Bagi mengesank...

Full description

Saved in:
Bibliographic Details
Main Author: Norazrin Amirah Sulaiman
Format: thesis
Language:zsm
Published: 2019
Subjects:
Online Access:https://ir.upsi.edu.my/detailsg.php?det=6645
Tags: Add Tag
No Tags, Be the first to tag this record!
id oai:ir.upsi.edu.my:6645
record_format uketd_dc
institution Universiti Pendidikan Sultan Idris
collection UPSI Digital Repository
language zsm
topic
spellingShingle
Norazrin Amirah Sulaiman
Hubungan dinamik antara pemboleh ubah interaksi dan perdagangan antarabangsa terhadap pertumbuhan ekonomi di Malaysia
description Tujuan utama kajian ini dijalankan adalah untuk menentukan hubungan dinamikantara pemboleh ubah interaksi dan perdagangan antarabangsa dalam dua model yangberbeza (Model Eksport dan Model Import) terhadap pertumbuhan ekonomi diMalaysia dalam jangka masa panjang dan jangka masa pendek. Bagi mengesankewujudan hubungan jangka panjang dan jangka pendek antara pemboleh ubahendogenous dan eksogenous, kajian ini telah mengaplikasikan kaedah Model VektorPembetulan Ralat (VECM). Dapatan kajian menunjukkan bahawa perdaganganantarabangsa memberi impak yang positif terhadap pertumbuhan ekonomi negara.Dapatan kajian juga menunjukkan wujud hubungan jangka pendek antara pembolehubah interaksi eksport (Model Eksport) dan interaksi import (Model Import) terhadappertumbuhan ekonomi. Selain itu, pemboleh ubah ralat juga menunjukkan nilai yangsignifikan dalam jangka panjang bagi Model Eksport ( ECTX ? = -5.3741) dan ModelImport ( ECTM ? = -0.0001). Kesimpulannya, dapatan kajian menunjukkan bahawawujud hubungan dua hala antara pemboleh ubah interaksi dengan pertumbuhanekonomi dalam jangka masa panjang dan jangka masa pendek. Implikasi kajianmenunjukkan bahawa perdagangan antarabangsa merupakan pemboleh ubah pemacuterhadap pertumbuhan ekonomi. Justeru itu, pengaruh interaksi antara perdaganganantarabangsa dengan kadar pertukaran asing perlu diambil kira secara serentak dalampenggubalan dasar bagi memperkuatkan daya saing perdagangan di peringkatantarabangsa dan sekaligus menggalakkan pertumbuhan ekonomi yang lebih pesat dimasa akan datang.
format thesis
qualification_name
qualification_level Master's degree
author Norazrin Amirah Sulaiman
author_facet Norazrin Amirah Sulaiman
author_sort Norazrin Amirah Sulaiman
title Hubungan dinamik antara pemboleh ubah interaksi dan perdagangan antarabangsa terhadap pertumbuhan ekonomi di Malaysia
title_short Hubungan dinamik antara pemboleh ubah interaksi dan perdagangan antarabangsa terhadap pertumbuhan ekonomi di Malaysia
title_full Hubungan dinamik antara pemboleh ubah interaksi dan perdagangan antarabangsa terhadap pertumbuhan ekonomi di Malaysia
title_fullStr Hubungan dinamik antara pemboleh ubah interaksi dan perdagangan antarabangsa terhadap pertumbuhan ekonomi di Malaysia
title_full_unstemmed Hubungan dinamik antara pemboleh ubah interaksi dan perdagangan antarabangsa terhadap pertumbuhan ekonomi di Malaysia
title_sort hubungan dinamik antara pemboleh ubah interaksi dan perdagangan antarabangsa terhadap pertumbuhan ekonomi di malaysia
granting_institution Universiti Pendidikan Sultan Idris
granting_department Fakulti Pengurusan dan Ekonomi
publishDate 2019
url https://ir.upsi.edu.my/detailsg.php?det=6645
_version_ 1747833284300111872
spelling oai:ir.upsi.edu.my:66452022-02-03 Hubungan dinamik antara pemboleh ubah interaksi dan perdagangan antarabangsa terhadap pertumbuhan ekonomi di Malaysia 2019 Norazrin Amirah Sulaiman Tujuan utama kajian ini dijalankan adalah untuk menentukan hubungan dinamikantara pemboleh ubah interaksi dan perdagangan antarabangsa dalam dua model yangberbeza (Model Eksport dan Model Import) terhadap pertumbuhan ekonomi diMalaysia dalam jangka masa panjang dan jangka masa pendek. Bagi mengesankewujudan hubungan jangka panjang dan jangka pendek antara pemboleh ubahendogenous dan eksogenous, kajian ini telah mengaplikasikan kaedah Model VektorPembetulan Ralat (VECM). Dapatan kajian menunjukkan bahawa perdaganganantarabangsa memberi impak yang positif terhadap pertumbuhan ekonomi negara.Dapatan kajian juga menunjukkan wujud hubungan jangka pendek antara pembolehubah interaksi eksport (Model Eksport) dan interaksi import (Model Import) terhadappertumbuhan ekonomi. Selain itu, pemboleh ubah ralat juga menunjukkan nilai yangsignifikan dalam jangka panjang bagi Model Eksport ( ECTX ? = -5.3741) dan ModelImport ( ECTM ? = -0.0001). Kesimpulannya, dapatan kajian menunjukkan bahawawujud hubungan dua hala antara pemboleh ubah interaksi dengan pertumbuhanekonomi dalam jangka masa panjang dan jangka masa pendek. Implikasi kajianmenunjukkan bahawa perdagangan antarabangsa merupakan pemboleh ubah pemacuterhadap pertumbuhan ekonomi. Justeru itu, pengaruh interaksi antara perdaganganantarabangsa dengan kadar pertukaran asing perlu diambil kira secara serentak dalampenggubalan dasar bagi memperkuatkan daya saing perdagangan di peringkatantarabangsa dan sekaligus menggalakkan pertumbuhan ekonomi yang lebih pesat dimasa akan datang. 2019 thesis https://ir.upsi.edu.my/detailsg.php?det=6645 https://ir.upsi.edu.my/detailsg.php?det=6645 text zsm closedAccess Masters Universiti Pendidikan Sultan Idris Fakulti Pengurusan dan Ekonomi Abdul Aziz, M. M. (2012). Kesan Kejutan Kadar Pertukaran Ke Atas Sektor EksportDi Malaysia. Pusat Pengajian Ekonomi. Fakulti Ekonomi Dan Pengurusan. Universiti KebangsaanMalaysia. Prosiding Perkem Vii, Jilid 2 (2012) 1082 10.Aditya, A., & Acharyya, R. (2013). Export Diversification, Composition, And EconomicGrowth: Evidence from Cross-Country Analysis. The Journal of International Trade & EconomicDevelopment, 22(7), 959-992.Antonakakis, N., Dragouni, M., & Filis, G. (2015). How Strong Is The Linkage Between Tourism And Economic Growth In Europe? Economic Modelling, 44, 142-155.Antwi, S., Mills, E. F. E. A., Mills, G. A., & Zhao, X. (2013). Impact of foreign direct investmenton economic growth: Empirical evidence from Ghana. InternationalJournal of Academic Research in Accounting, Finance and Management Sciences, 3(1), 18-25.Anwar, S., & Nguyen, L. P. (2010). Foreign direct investment and economic growth in Vietnam. AsiaPacific business review, 16(1-2), 183-202.Awokuse, T. O. (2007). Causality Between Exports, Imports, And Economic Growth: Evidence fromTransition Economies. Economics letters, 94(3), 389-395.Baak, S. (2008). The Bilateral Real Exchange Rates and Trade Between China and The US. ChinaEconomic Review, 19(2), 117-127.Balassa, B. (1978). Exports and Economic Growth: Further Evidence. Journal of developmentEconomics, 5(2), 181-189.Bank Negara Malaysia. (1998). The Real Economy. Kuala Lumpur.Bank Negara Malaysia. (2016). Perkembangan Ekonomi pada Tahun 2016. Kuala Lumpur.Beck, T., & Levine, R. (2004). Stock Markets, Banks, and Growth: PanelEvidence. Journal of Banking & Finance, 28(3), 423-442.Beck, T., Levine, R., & Loayza, N. (2000). Finance and The Sources ofGrowth. Journal of financial economics, 58(1-2), 261-300.Bhagwati, J., & Srinivasan, T. N. (1979). Trade Policy and Development. International economicpolicy: Theory and evidence, 1, 1-35.Bohl, M. T., Michaelis, P., & Siklos, P. L. (2016). Austerity and Recovery: Exchange Rate RegimeChoice, Economic Growth, and Financial Crises. Economic Modelling, 53, 195-207.Chenery, H. B., & Strout, A. M. (1966). Foreign Assistance and EconomicDevelopment. The American Economic Review, 56(4), 679-733.Choong, C. K., Ahmad, Z. B., Zulkornain, Y., & Muzafar, S. H. (2010). Private CapitalFlows, Stock Market and Economic Growth in Developed and Developing Countries: A Comparative Analysis. Japan and the World Economy, 22(2),107-117.Choong, C. K., Yusop, Z., & Liew, V. K. S. (2005). Export-Led Growth Hypothesis inMalaysia: An Investigation Using Bounds Test. Sunway academic journal, 2, 13-22.Coe, D. T., & Helpman, E. (1995). International R&D Spillovers. European economic review, 39(5),859-887.Comunale, M. (2017). Dutch Disease, Real Effective Exchange Rate Misalignments and Their Effect OnGDP Growth in EU. Journal of International Money and Finance, 73, 350-370.Dickey, D. A., & Fuller, W. A. (1979). Distribution of The Estimators forAutoregressive Time Series with A Unit Root. Journal of the American statisticalassociation, 74(366a), 427-431.Dollar, D., & Kraay, A. (2000). Growth is good for the poor.World Bank, DEC. Dornbush, R & Fischer, S. (1994). Macroeconomics. Mc-Graw Hill. Co.Dritsaki, C. (2013). Causal Nexus Between Economic Growth, Exports and GovernmentDebt: The Case of Greece. Procedia Economics and Finance, 5, 251-259.Dritsaki, C., & Stiakakis, E. (2014). Foreign Direct Investments, Exports, and EconomicGrowth in Croatia: A Time Series Analysis. Procedia Economics and Finance, 14, 181-190.Ductor, L., & Grechyna, D. (2015). Financial Development, Real Sector, and Economic Growth.International Review of Economics & Finance, 37, 393-405.Ee, C. Y. (2016). Export-Led Growth Hypothesis: Empirical Evidence from Selected Sub-SaharanAfrican Countries. Procedia Economics and Finance, 35, 232- 240.Emilio, J. (2001). Is The Export-Led Growth Hypothesis Valid for Developing Countries?Case Study of Costa Rica. Policy Issues in International Trade and Commodities, 7.Engle, R. F. (1982). Autoregressive Conditional Heteroscedasticity with Estimates of the Varianceof United Kingdom Inflation. Econometrica: Journal of the Econometric Society, 987-1007.Engle, R. F., & Granger, C. W. (1987). Co-Integration and Error Correction:Representation, Estimation, And Testing. Econometrica: Journal of the EconometricSociety, 251-276.Goh, S. K., Sam, C. Y., & McNown, R. (2017). Re-Examining Foreign Direct Investment,Exports, And Economic Growth in Asian Economies Using a Bootstrap ARDL Test forCointegration. Journal of Asian Economics, 51, 12-22.Gokmenoglu, K. K., Sehnaz, Z., & Taspinar, N. (2015). The Export-Led Growth: ACase Study of Costa Rica. Procedia Economics and Finance, 25, 471-477.Goldsmith, R. W. (1969). Financial Structure and Development. New Haven, CT: YaleUniversity Press.Gonzalo, J. (1994). Five Alternative Methods of Estimating Long-Run EquilibriumRelationships. Journal of Econometrics, 60(1-2), 203-233.Granger, C. W. (1969). Investigating Causal Relations by Econometric Models andCross-Spectral Methods. Econometrica: Journal of the Econometric Society, 424-438.Grossman, G. M. & E. Helpman. (1991). Innovation and Growth in the GlobalEconomy. MIT Press: Cambridge, M.A.Gujarati, D.N. (2003). Basic Econometrics. New York: McGraw Hill.Gujarati, D.N. (2009). Basic Econometrics. New York: McGraw Hill.Habib, M. M., Mileva, E., & Stracca, L. (2017). The Real Exchange Rate and EconomicGrowth: Revisiting The Case Using External Instruments. Journal ofInternational Money and Finance, 73, 386-398.Hamzaid. (2006). Ekonomi: Bahagian Makroekonomi. Melaka: Rakan BimbinganBestari.Helpman, E., & Krugman, P. R. (1985). Market Structure and Foreign Trade:Increasing Returns, Imperfect Competition, And The International Economy.MIT press.Hsiao, F. S., & Hsiao, M. C. W. (2006). FDI, Exports, and GDP in East and SoutheastAsiaPanel Data Versus Time-Series Causality Analyses. Journal of AsianEconomics, 17(6), 1082-1106.Ihnatov, I., & Capraru, B. (2012). Exchange Rate Regimes and Economic Growth inCentral and Eastern European Countries. Procedia Economics and Finance, 3,18-23.Ishak, Y & Nor Aini, I. (2009). Dasar dan Strategi Pembanguan Ekonomi Malaysia:Satu Penilaian Dalam Ekonomi Malaysia ke arah Pembangunan Seimbang.Bangi: Penerbitan Universiti Kebangsaan Malaysia.Islam, F., Muhammad, A, H, Q., & Shahbaz, M. (2012). Import-Economic GrowthNexus: ARDL Approach to Cointegration. Journal of Chinese Economic andForeign Trade Studies, 5(3), 194-214.Ismail, A. G., & Harjito, D. A. (2003). Exports and Economic Growth: The CausalityTest for ASEAN Countries. Economic Journal of Emerging Markets, 8(2).Jabatan Perangkaan Malaysia. (2017). Glosari A-Z. Dimuat turun daripadahttps://www.dosm.gov.my/v1/#.Jabatan Perangkaan Malaysia. (2018). Glosari A-Z. Dimuat turun daripadahttps://www.dosm.gov.my/v1/#.Jarque, C. M., & Bera, A. K. (1987). A Test for Normality of Observations andRegression Residuals. International Statistical Review/Revue Internationale de Statistique,163-172.Jawaid, S. T. (2014). Trade Openness and Economic Growth: A Lesson from Pakistan.Foreign Trade Review, 49(2), 193-212.Jespersen, J. (2005). Introduction to Macroeconomic Theory. Djoef Publishing.London.Johansen, S., & Juselius, K. (1990). Maximum Likelihood Estimation and Inference OnCointegrationWith Applications to The Demand For Money. Oxford Bulletin of Economics andstatistics, 52(2), 169-210.Jomo, K. S., & Ishak, S. (2003). Makroekonomi. Kuala Lumpur: Utusan Publications & Distributors.Kamus Dewan Edisi Ketiga. (2005). Kuala Lumpur: Dewan Bahasa dan Pustaka.Kementerian Perdagangan Antarabangsa dan Industri Malaysia. (2017). Laporan MITI:Perdagangan Antarabangsa. Kuala Lumpur.Keynes, J. M. (1936). The General Theory of Money, Interest andEmployment. Reprinted in The Collected Writings of John Maynard Keynes, 7.Khan, D., Umar, A., Zaman, N., Ahmad, E., & Shoukat, Y. (2012). Exports, Imports, And EconomicGrowth Nexus: Time Serious Evidence for Pakistan. World Applied Sciences Journal 18 (4), 538- 542.Kogid, M., Mulok, D., Ching, K. S., Lily, J., Ghazali, F., & Loganathan, N. (2011). Does ImportAffect Economic Growth in Malaysia. Empirical Economics Letters, 10(3), 297-307.Krueger, A. (1980). Trade Policy as an Input to Development. American Economic Review 70:288-292.Krugman, P. R. (1984). Import Protection as Export Promotion. In: Kierzkowski, H.(Ed.),Monopolistic Competition in International Trade. Oxford University Press, Oxford.Kutan, A. M., & Dibooglu, S. (1998). Sources of Real and Nominal Exchange Rate Fluctuations inTransition Economies. Federal Reserve Bank of St. Louis Working Paper Series, (1998-022).Lancaster, K. (1980). Intra-Industry Trade Under Perfect MonopolisticCompetition. Journal of international Economics, 10(2), 151-175.Lawrence, R. Z & Weinstein, D. E. (1999). Trade and Growth: Import-Led or Export- Led? Evidencefrom Japan and Korea. NBER Working Paper. 7264.Makun, K. K. (2017). Imports, Remittances, Direct Foreign Investment and Economic Growth inRepublic of the Fiji Islands: An Empirical Analysis Using ARDL. Kasetsart Journal of Social Sciences.Marwan, N. F., Kadir, N. A. A., Hussin, A., Zaini, A. A., Rashid, M. E. A., & Helmi,Z. A. G. (2013). Export, Aid, Remittance and Growth: Evidence fromSudan. Procedia Economics and Finance, 7, 3-10.Masih, A. M., & Masih, R. (1996). Empirical Tests to Discern the Dynamic CausalChain in Macroeconomic Activity: New Evidence from Thailand andMalaysia Based On a Multivariate Cointegration/Vector Error-CorrectionModeling Approach. Journal of Policy Modeling, 18(5), 531-560.Masih, R., & Masih, A. M. (1996). Macroeconomic Activity Dynamics and GrangerCausality: New Evidence from A Small Developing Economy Based On aVector Error-Correction Modelling Analysis. Economic Modelling, 13(3),407-426.Mazumdar, J. (2001). Imported Machinery and Growth in Ldcs. Journal ofdevelopment Economics, 65(1), 209-224.McKinnon, R. I. (1964). Foreign Exchange Constraints in Economic Development andEfficient Aid Allocation. The Economic Journal, 74(294), 388-409.Md. Zhahir, K., Redzuan, O., & Sabariah, A. (2003). Makroekonomi STPM. Selangor:Penerbit Fajar Bakti Sdn. Bhd.Moradbeigi, M., & Law, S. H. (2017). The Role of Financial Development in The Oil-Growth Nexus. Resources Policy, 53, 164-172.Munemo, J. (2011). Foreign Aid and Export Diversification in DevelopingCountries. The Journal of International Trade & EconomicDevelopment, 20(3), 339-355.Nelson, C. R., & Plosser, C. R. (1982). Trends and Random Walks in MacroeconmicTime Series: Some Evidence and Implications. Journal of MonetaryEconomics, 10(2), 139-162.Norimah, R. R., & Jan M. P. (2013). A Study of Exogeneity Tests on Export-LedGrowth Hypothesis: The Empirical Evidences on Post-Crisis Exchange RateRegime in Malaysia. International Business Education Journal (IBEJ). 6(1),7-20.Norimah, R. R., Dayang, A. A. M., & Emilda, H. (2016). The Effect of Foreign DirectInvestment, Exports and Employment on Economic Growth Model.International Journal of Academic Research in Business and Social Sciences,6(11).Norimah, R. R., Emilda, H., Asmawi, H., Dayang, A. A. M., & Jan M. P. (2017).Empirical Analysis on Exchange Rate Exposure and Stock Returns inMalaysia. Jurnal Ekonomi Malaysia. Universiti Kebangsaan Malaysia(UKM).Omri, A., Nguyen, D. K., & Rault, C. (2014). Causal Interactions Between CO2Emissions, FDI, And Economic Growth: Evidence from DynamicSimultaneous-Equation Models. Economic Modelling, 42, 382-389.Ooi, A. Y., Wafa, S. A. W. S. K., Lajuni, N., & Ghazali, M. F. (2009). CausalityBetween Exchange Rates and Stock Prices: Evidence from Malaysia andThailand. International Journal of Business and Management, 4(3), 86.Osterwald?Lenum, M. (1992). A Note with Quantiles of the Asymptotic Distributionof the Maximum Likelihood Cointegration Rank Test Statistics 1. OxfordBulletin of Economics and statistics, 54(3), 461-472.Pan, M. S., Fok, R. C. W., & Liu, Y. A. (2007). Dynamic Linkages Between ExchangeRates and Stock Prices: Evidence from East Asian Markets. InternationalReview of Economics & Finance, 16(4), 503-520.Papanikos, G. T. (2015). The Real Exchange Rate of Euro and Greek EconomicGrowth. The Journal of Economic Asymmetries, 12(2), 100-109.Phillips, P. C., & Perron, P. (1988). Testing for A Unit Root in Time SeriesRegression. Biometrika, 75(2), 335-346.Pistoresi, B., & Rinaldi, A. (2012). Exports, Imports and Growth: New Evidence OnItaly: 18632004. Explorations in Economic History, 49(2), 241-254.Qazi, M. A. H. (2012). Exports, Imports and Economic Growth in China: An ARDLAnalysis. Journal of Chinese Economic and Foreign Trade Studies, 5(1), 42-55.Qazi, M. A. H., Wizarat, S., & Lau, W. Y. (2013). Trade-Led Growth Hypothesis: AnEmpirical Analysis of South Asian Countries. Economic Modelling, 35, 654-660.Ray, S. (2011). A Causality Analysis on the Empirical Nexus Between Export andEconomic Growth: Evidence from India. Nexus, 1.Rodrik, D. (2008). The Real Exchange Rate and Economic Growth. Brookings PapersOn Economic Activity, 2008(2), 365-412.Saad, W. (2012). Causality Between Economic Growth, Export, and External DebtServicing: The Case of Lebanon. International Journal of Economics andFinance, 4(11), 134.Saaed, A. A. J., & Hussain, M. A. (2015). Impact of Exports and Imports On EconomicGrowth: Evidence from Tunisia. Journal of Emerging Trends in Economicsand Management Sciences, 6(1), 13.Sahoo, A. K., Sahu, N. C., Sahoo, D., & Pradhan, B. B. (2014). Mineral Export andEconomic Growth in India: Evidence from VAR Model Analysis. MineralEconomics, 27(1), 51-58.Saleem, A., & Sial, M. H. (2015). Exports-Growth Nexus in Pakistan: Cointegrationand Causality Analysis. Pakistan Economic and Social Review, 53(1), 17.Salmani, B., Panahi, H., & Razzaghi, S. (2014). Assessing The Dynamic EconomicImpact of Tourism for OIC Members. World Applied Sciences Journal, 32(6),1098-1105.Sato, S., & Fukushige, M. (2011). The North Korean Economy: Escape from Import-Led Growth. Journal of Asian Economics, 22(1), 76-83.Seetanah, B. (2011). Assessing The Dynamic Economic Impact of Tourism for IslandEconomies. Annals of Tourism Research, 38(1), 291-308.Shahida, S., Norain, M. A., Mohd, A. I., Norlida, H. M. S., Wook, E., Md. Zyadi, M.,Noreha, H. (2012). Makroekonomi. Petaling Jaya: Cengage Learning.Shihab, R. A., Soufan, T., & Abdul Khaliq, S. (2014). The Causal Relationship BetweenExports and Economic Growth in Jordan. Global Journal of Management andBusiness Research.Shirazi, N. S., & Manap, T. A. A. (2005). Export?Led Growth Hypothesis: FurtherEconometric Evidence from South Asia. The Developing Economies, 43(4),472-488.Singh, K., & Saeed, M. (2010). Exports-Led Growth Hypothesis: Further EconometricEvidence from India. Interdisciplinary Journal of Contemporary Research inBusiness, 1(12), 251.Sothan, S. (2015). Foreign Direct Investment, Exports, And Long-Run EconomicGrowth in Asia: Panel Cointegration and Causality Analysis. InternationalJournal of Economics and Finance, 8(1), 26.Stock, J. H., & Watson, M. W. (1988). Testing for Common Trends. Journal of theAmerican Statistical Association, 83(404), 1097-1107.Sunde, T. (2017). Foreign Direct Investment, Exports and Economic Growth: ADRLand Causality Analysis for South Africa. Research in International Businessand Finance, 41, 434-444.Syed, A. R., & Mohd Zaini. A. K. (2017). Influence of Systemic Banking Crisis andCurrency Crisis On the Relationship of Export and Economic Growth:Evidence from China. Journal of Chinese Economic and Foreign TradeStudies, 10(1), 82-110.Szkorupova, Z. (2014). A Causal Relationship Between Foreign Direct Investment,Economic Growth and Export for Slovakia. Procedia Economics andFinance, 15, 123-128.Tang, B. (2015). Real Exchange Rate and Economic Growth in China: A CointegratedVAR Approach. China Economic Review, 34, 293-310.Thirunavukkarasu, V., & Achchuthan, S. (2013). Export, Import and EconomicGrowth: Evidence from Sri Lanka.Toda, H. Y., & Phillips, P. C. (1993). Vector Autoregressions andCausality. Econometrica: Journal of the Econometric Society, 1367-1393.Ullah, S., Zaman, B., Farooq, M., & Javid, A. (2009). Cointegration and CausalityBetween Exports and Economic Growth in Pakistan. European Journal ofSocial Sciences, 10(2), 264-272.Ummi, O., & Tamat, S. (2012). Deviation of Exchange Rate and Trade Balance:Evidence from the Member Countries of Gulf Cooperation council(GCC). International Journal of West Asian Studies, 4(2).Usman, M., Ashfaq, S., & Mushtaq, N. (2012). Relationship of Export and EconomicGrowth; An Empirical Study of Pakistan. Far East Journal of Psychology and Business, 6(1), 1-10.Vohra, R. (2001). Export and Economic Growth: Further Time Series Evidence from Less-Developed Countries. International Advances in Economic Research, 7(3), 345-350.Wijaya, K. R., Noorasiah, S., & Liew, C. S. (2011). Pertumbuhan Ekonomi dan PenguranganKemiskinan di Malaysia: Satu Pendekatan Dinamik. Prosiding PERKEM VI, 1, 482-491.Wong, H. T. (2008). Exports and Domestic Demand: Some Empirical Evidence in Asean-5.Labuan Bulletin of International Business and Finance, 6, 39-55.World Bank. (2018). World Development Indicators. Dimuat turun daripadahttps://data.worldbank.org/.