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Movement Control Order Policy to Prevent the Spread of COVID-19 and Its Impact on Quarterly Growth and Its Components in Malaysia - A Synthetic Control Method for Policy Evaluation

Author

Listed:
  • Basem Ertimi
  • Tamat Sarmidi
  • Norlin Khalid
  • Mohd Helmi Ali

    (Faculty of Economics, University of Zawia, Libya)

Abstract

In an attempt to mitigate the effects of COVID-19, the Malaysian government imposed the Movement Control Order (MCO). To address the adverse impacts of the MCO policy, the Malaysian government initiated a series of recovery plans for both fiscal and monetary measures. This study aims to assess the government’s various policy measures on Malaysia’s leading macroeconomic indicators. Regardless of the differences in the gross domestic product (GDP) components, the real impacts on GDP growth are almost identical between Malaysia and a control group. This result is partly explained by the increase in total and domestic investment and private consumption.

Suggested Citation

  • Basem Ertimi & Tamat Sarmidi & Norlin Khalid & Mohd Helmi Ali, 2023. "Movement Control Order Policy to Prevent the Spread of COVID-19 and Its Impact on Quarterly Growth and Its Components in Malaysia - A Synthetic Control Method for Policy Evaluation," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 3(3), pages 1-7.
    • Handle: RePEc:ayb:jrnael:56
    DOI: 2023/03/09
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    More about this item

    Keywords

    synthetic control group; Malaysia; COVID-19 crisis; GDP components; MCO;
    All these keywords.

    JEL classification:

    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • I10 - Health, Education, and Welfare - - Health - - - General
    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy

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