during 1981–2016. This study applies Granger test, ARDL (with bound testing) approach, and multivariate regression approach … there are unidirectional effects of stock market development to Malaysian economic growth. Using the bound test for co-integration …, this study finds there is a long run association between stock market development and economic growth. However, ARDL model …

during 1981–2016. This study applies Granger test, ARDL (with bound testing) approach, and multivariate regression approach … there are unidirectional effects of stock market development to Malaysian economic growth. Using the bound test for co-integration …, this study finds there is a long run association between stock market development and economic growth. However, ARDL model …

used are the ARDL approach for the individual country and the panel data analysis for the entire sample. The period … summarized as follows: First, the estimation results suggest that Okun’s Law is valid, and hence job creation is associated with … not robust as they are sensitive to the choice of the estimation model and to the de-trending method. …