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 paper...
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Universiti Utara Malaysia
2014
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| _version_ | 1803627044872912896 |
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| author | Mohd Daud, Siti Nurazira |
| author_facet | Mohd Daud, Siti Nurazira |
| author_sort | Mohd Daud, Siti Nurazira |
| collection | UUM |
| 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. |
| first_indexed | 2024-07-04T05:59:49Z |
| format | Article |
| id | uum-15857 |
| institution | Universiti Utara Malaysia |
| last_indexed | 2024-07-04T05:59:49Z |
| publishDate | 2014 |
| publisher | Universiti Utara Malaysia |
| record_format | dspace |
| spelling | uum-158572015-10-18T07:03:28Z https://repo.uum.edu.my/id/eprint/15857/ Assessing the role of external debt in economic growth of the ASEAN-4 countries: An empirical study Mohd Daud, Siti Nurazira HC Economic History and Conditions 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. Universiti Utara Malaysia 2014-12 Article PeerReviewed Mohd Daud, Siti Nurazira (2014) Assessing the role of external debt in economic growth of the ASEAN-4 countries: An empirical study. International Journal of Management Studies (IJMS), 21 (2). ISSN 2232-1608 http://ijms.uum.edu.my/index.php/component/jdownloads/summary/26-ijms-vol-21-no-2-dec-2015/151-assessing-the-role-of-external-debt-in-economic-growth-of-the-asean-4-countries-an-empirical-study |
| spellingShingle | HC Economic History and Conditions Mohd Daud, Siti Nurazira Assessing the role of external debt in economic growth of the ASEAN-4 countries: An empirical study |
| 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 | HC Economic History and Conditions |
| work_keys_str_mv | AT mohddaudsitinurazira assessingtheroleofexternaldebtineconomicgrowthoftheasean4countriesanempiricalstudy |