Internet Consumption and Economic Growth in Malaysia's PostCovid 19 Economic Recovery Efforts

English

Abstract

This study intends to look into the link between home consumption, internet users, and economic growth in Malaysia as an effort to understand the condition of the three variables before the COVID-19 pandemic took place as an investigation of important indicators in efforts to recover the economy after the COVID-19 pandemic.We collected data from the world bank. We estimate the relationship between the variables of Education, Consumption, and Economic Growth in Malaysia using the Vector Autoregression (VAR) method in our research. We found that domestic consumption in Malaysia is important in driving economic growth and internet literacy in Malaysia. Domestic consumption before the Covid-19 era in Malaysia was a trigger for the increase in internet use in Malaysia as well as encouraging economic growth in Malaysia. It is important for Malaysia to consider increasing domestic consumption Malaysia using internet technology facilities in the pandemic and post-pandemic era as an effort to recover the Malaysian economy.