Impact of Export, Import, and Population on Economic Growth in Malaysia

Abstract

This study investigates the impact between export, import, and population on economic growth in Malaysia. This study examines the economic growth of Malaysia from 1960 to 2021 with a total of 62 observations. Exports (EX), imports (IM), and population (POP) are the independent variables used to determine economic growth. As the dependent variable, a proxy for Gross Domestic Product (GDP) growth represents economic growth. Using Eviews 12, descriptive, correlation, and multiple regression analyses were conducted on the data. The main finding indicates that population and imports positively affect Malaysia's economic growth. As a result, exports negatively impacted Malaysia's economic growth. This study is significant because it contributes new knowledge that population, not imports or exports, has had the most significant impact on Malaysia's economic growth over the past 62 years. This study recommends that future research investigate the population, policies and environmental factors that influence economic growth and expand the sample size.