Tan, Juat Hong; Seng, Vincent Lim Choon - In: Journal of Southeast Asian economies 36 (2019) 1, pp. 112-129
Using a panel cointegration approach, this study examines the relationship between aggregate consumption and GDP in colonial Malaya (1900–39) and post-independence Malaysia (1970–2009). The findings suggest that private consumption and GDP are cointegrated across the two forty-year periods,...
