Assessing The Role of External Debt in Economic Growth of The Asean-4 Countries: An Empirical Study
The Asian Financial Crisis in 1997 witnessed an episode of high accumulation of external debt among the crisis-hit countries, namely Indonesia, Malaysia, Philippines and Thailand. This leads to the issue of the role played by external debt in stimulating the economies of ASEAN-4 countries. This pape...
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| Format: | Article |
| Language: | English |
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UUM Press
2014-12-01
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| Series: | International Journal of Management Studies |
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| Online Access: | https://e-journal.uum.edu.my/index.php/ijms/article/view/10411 |
| _version_ | 1797943139605938176 |
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| author | Siti Nurazira Mohd Daud |
| author_facet | Siti Nurazira Mohd Daud |
| author_sort | Siti Nurazira Mohd Daud |
| collection | DOAJ |
| description | The Asian Financial Crisis in 1997 witnessed an episode of high accumulation of external debt among the crisis-hit countries, namely Indonesia, Malaysia, Philippines and Thailand. This leads to the issue of the role played by external debt in stimulating the economies of ASEAN-4 countries. This paper tries to examine the role of external debt in the economies of the ASEAN-4 countries. The results demonstrate that external debt plays a role in improving the economic growth of the ASEAN-4 countries. In addition, the accumulation of external debt is positively associated with Indonesia’s and Thailand’s economic growth up to an optimal level, beyond the optimal level the external debt has inversely contributed to the economy.
Keywords: External debt, ASEAN-4, economic growth. |
| first_indexed | 2024-04-10T20:19:35Z |
| format | Article |
| id | doaj.art-18d4884def5341c29f5b72491ec5a2f3 |
| institution | Directory Open Access Journal |
| issn | 2232-1608 2180-2467 |
| language | English |
| last_indexed | 2024-04-10T20:19:35Z |
| publishDate | 2014-12-01 |
| publisher | UUM Press |
| record_format | Article |
| series | International Journal of Management Studies |
| spelling | doaj.art-18d4884def5341c29f5b72491ec5a2f32023-01-26T03:12:04ZengUUM PressInternational Journal of Management Studies2232-16082180-24672014-12-01212Assessing The Role of External Debt in Economic Growth of The Asean-4 Countries: An Empirical StudySiti Nurazira Mohd Daud0Faculty of Economics and Muamalat Universiti Sains Islam MalaysiaThe Asian Financial Crisis in 1997 witnessed an episode of high accumulation of external debt among the crisis-hit countries, namely Indonesia, Malaysia, Philippines and Thailand. This leads to the issue of the role played by external debt in stimulating the economies of ASEAN-4 countries. This paper tries to examine the role of external debt in the economies of the ASEAN-4 countries. The results demonstrate that external debt plays a role in improving the economic growth of the ASEAN-4 countries. In addition, the accumulation of external debt is positively associated with Indonesia’s and Thailand’s economic growth up to an optimal level, beyond the optimal level the external debt has inversely contributed to the economy. Keywords: External debt, ASEAN-4, economic growth.https://e-journal.uum.edu.my/index.php/ijms/article/view/10411External debtASEAN-4economic growth |
| spellingShingle | Siti Nurazira Mohd Daud Assessing The Role of External Debt in Economic Growth of The Asean-4 Countries: An Empirical Study International Journal of Management Studies External debt ASEAN-4 economic growth |
| title | Assessing The Role of External Debt in Economic Growth of The Asean-4 Countries: An Empirical Study |
| title_full | Assessing The Role of External Debt in Economic Growth of The Asean-4 Countries: An Empirical Study |
| title_fullStr | Assessing The Role of External Debt in Economic Growth of The Asean-4 Countries: An Empirical Study |
| title_full_unstemmed | Assessing The Role of External Debt in Economic Growth of The Asean-4 Countries: An Empirical Study |
| title_short | Assessing The Role of External Debt in Economic Growth of The Asean-4 Countries: An Empirical Study |
| title_sort | assessing the role of external debt in economic growth of the asean 4 countries an empirical study |
| topic | External debt ASEAN-4 economic growth |
| url | https://e-journal.uum.edu.my/index.php/ijms/article/view/10411 |
| work_keys_str_mv | AT sitinuraziramohddaud assessingtheroleofexternaldebtineconomicgrowthoftheasean4countriesanempiricalstudy |