Research on the Impact of Economic Growth: Case Study of Malaysia

PUBLIC EXPENDITURE POLICIES SHAPE THE stinting GROWTH IN MALAYSIA ordinary white plague/ universal Spending stool be defined as any expenses do by authorities particularly to cleanse certain areas and discipline. For instance, improving overt goods and services, welfare and upbeat of the people, governance defense forces and civil servants, maintaining our scotch stability, reducing inequality of income and reallotment of resources. Bose,Haque,Osborn (2003) where I do believe in their arguments that macrocosm expenditure made by the government get discover surely shape the sparing crop of the country.It can be gain vigorn in the policies made by Tun Razak which initiated in 1970 cognize as NEP or New Economic Policy that have add together the country to be one of developing country that is progressive in their economic activities. Problem statement This look will identified whether the public expenditure introduced by the government really put into action and reli eve oneself outcome from it to boost our economic growth. It is key to moderate not besides in the economic side directly but also to see at different variables that could contribute to the economic as a exclusively. ObjectivesTo see the impact from public expenditure policies towards Malaysia economic growth To identify public expenditure variables particularly education that helps in economic growth. Research methodological analysis This research focusing more on the secondary data which pick up past research from other researchers, documents, reports made by government vault of heavens such as Economic Transformation syllabus (ETP) Annual Report 2011 infra Performance and Management and Delivery Unit (PEMANDU), Department of statistic. Government treatment Government Intervention Conceptual Framework Intervening VariablesPublic using up Policies Public Expenditure Policies Economic Growth Economic Growth Sectorial level preparation Sectorial Level Education Dependent Variables Independent Variables consider 1 Independent Variables in this research consist of two variables Public Expenditure Policies whereby the research focusing on the Economic Transformation Program (ETP) under the New Economic Model to determine whether there is a significant effect towards the Economic Growth. While in heavensial level, the research focuses on education field to identify the contribution towards Malaysia Economic growth.Government interpose in this research explains the independent variable which is Public Expenditure Policies will succeed when the government intervened in the process in order to improve our economic growth. Findings. Impact from Public Expenditure Policies towards Malaysia Economic Growth It is instead difficult to see theoretical framework on how private sector can contribute to economic growth (Diamond,1989) where this research found out that Malaysia have boost their economic growth by tackling the private sector where market failure occurred.ETP is one of the policies made by the government where government intervened in order to improve the private sector as whole where 92% outcome will produce by the private sector according to ETP Annual Report 2011. The government initiatives come into a undefeated result where it achieve most of the home(a) Key Result Areas which the power to ensure the economic condition to be in the right track. agree to Department of Statistic, Private Investments amounted to rm94 billion was the highest in five years occlusive (between 2007 and 2011) hich surpassing the target of rm83bil. Our Gross National Income (GNI) exceed the target grade of rm797 billion where it achieve rm830 billion or 104% achievement. Most of the conclusions drawn deep regarding the growth effects of public spending are based all on the experiences of a set of true countries or on the foundation of large samples consisting of a mixture of developed and developing countries. Bose,Haque,Osborn (2003). The statement were be based on the ETP initiated by Government basically the foundation of the National Key Results Areas (NKEA) made from various research on identifying the areas that can be developed in Malaysia by looking at developed countries. In order to make sure everything succeed by boost up our economic growth, Government need to do spending whereby rm1. 4 cardinal in investment to generate a GNI of rm1. 7 trillion. Public Expenditure Variables particularly Education that helps in Economic Growth.Education sector can be related to our economic growth by seeing on the setup of education center in Malaysia. In order to boost our economic growth into its target, it is important to determine that Malaysia need to have knowledge thespian that have skilled hands for a big result betting outcome. It will help in terms of productivity and at the analogous time efficient production can be materialized. Under the Education NKEA, Malaysia aims to be a regional hub in the glob al education cyberspace with the success of the creation of emailprotected where eight world-class university and colleges with investment up to rm581. million. unconnected from that, there are four discipline cluster have been developed in 2011 according to ETP Annual Report 2011 where Government focus in the areas of Hospitality and Tourism, Islamic Finance and Business, Health Sciences and Advanced Engineering, and Science and Innovation. It is important since the areas had been identified as crucial areas that need local skilled workforce or knowledge worker that will help us to veer hiring experts from other countries. ConclusionFrom the research, both objectives have positively correlation towards shaping the economic growth in Malaysia. This only can be possible by looking at how the government spend and know which one to rank so that it can be use efficiently. Malaysia moving forward to be a high income nation by 2020, the research found that by looking at the policies m ade by the government such as Government Transformation Program ensure that Malaysia is moving forward and already at the right track. Works Cited (PEMANDU), P. a. (2011).Economic Transformation Programme Annual Reprot 2011. Kuala Lumpur government minister in Prime Minister Department. ASCHAUER, D. A. (1989). IS PUBLIC EXPENDITURE PRODUCTIVE? *. daybook of monetary Economics 23. Ibrahim, M. H. (2000). PUBLIC AND PRIVATE CAPITAL FORMATION . sparing GROWTH IN MALAYSIA, 1961-1995. Niloy Bose, M. E. (2003). A Disaggregated Analysis for Developing Countries. Public Expenditure and Economic Growth, 2-6. Shnatayanan Devarajan, V. S. -F. (1996). The Composition of Public Expenditure and Economic Growth. Journal of Monetary Economics 37 .