The Development of Malaysia’s Economic Growth through Youth Entrepreneurship Support System

Abstract

Global economic challenges have forced the majority of youth to become self-employent. As such, being an entrepreneur is one of its branches. However, to start entrepreneurship, these young entrepreneurs need to be assisted in some areas especially financial. Regarding to this matter, the significance of this study is to examine the development of Malaysia’s economic growth through the youth entrepreneurship support system (Financial Assistance) for the period of 2010 until 2019. In addition, this study also will look at both the long run and short run effect of Financial Assistance on economic growth. This study will employ the Autoregressive Distributed Lag (ARDL) bound testing approach for Cointegration and the Error Correction Model (ECM) for short-term relationship. All the variables will be test for the stationarity of the series at all level. Through this research, hopefully an effective model of Financial Assistance in Malaysia can be proposed in order to enhance the development of economic growth through youth entrepreneurship.