Kemeruapan kadar syarat perdagangan dan pertumbuhan: Peranan perbelanjaan fiskal
This study analysed the correlation between the openness of international trade incorporate size of government spending, implication of stabilisation, and growth of income. Specifically, we analysed the terms of trade volatility that influence the economic growth. We also analysed how government spe...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia
2005
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| Online Access: | https://repo.uum.edu.my/id/eprint/714/1/Azmafazilah_Jauhari.pdf |
| _version_ | 1803624175769747456 |
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| author | Jauhari, Azmafazilah Said, Fathin Faizah Md. Tahir, Md. Zyadi |
| author_facet | Jauhari, Azmafazilah Said, Fathin Faizah Md. Tahir, Md. Zyadi |
| author_sort | Jauhari, Azmafazilah |
| collection | UUM |
| description | This study analysed the correlation between the openness of international trade incorporate size of government spending, implication of stabilisation, and growth of income. Specifically, we analysed the terms of trade volatility that influence the economic growth. We also analysed how government spending has reduced the value of volatility. This research concentrated on samples from the ASEAN-6 countries, which are Philippines, Myanmar,
Singapore, Thailand, Malaysia and Indonesia by using 32 years worth of data from the year 1970 to 2002. The ARCH and GARCH (1,1) model estimated were based on the endogenous stochastic growth model. The results show that trade liberalisation increased TOT risk on economic growth and not persistent for the examined countries. In addition, fiscal spending was unable to stabilise income volatility, stimulated by external risk such as trade liberalisation and TOT. Based on the findings, a few policy implications worthy are to be explored. |
| first_indexed | 2024-07-04T05:14:12Z |
| format | Article |
| id | uum-714 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:14:12Z |
| publishDate | 2005 |
| publisher | Universiti Utara Malaysia |
| record_format | dspace |
| spelling | uum-7142010-09-30T02:21:57Z https://repo.uum.edu.my/id/eprint/714/ Kemeruapan kadar syarat perdagangan dan pertumbuhan: Peranan perbelanjaan fiskal Jauhari, Azmafazilah Said, Fathin Faizah Md. Tahir, Md. Zyadi HF Commerce This study analysed the correlation between the openness of international trade incorporate size of government spending, implication of stabilisation, and growth of income. Specifically, we analysed the terms of trade volatility that influence the economic growth. We also analysed how government spending has reduced the value of volatility. This research concentrated on samples from the ASEAN-6 countries, which are Philippines, Myanmar, Singapore, Thailand, Malaysia and Indonesia by using 32 years worth of data from the year 1970 to 2002. The ARCH and GARCH (1,1) model estimated were based on the endogenous stochastic growth model. The results show that trade liberalisation increased TOT risk on economic growth and not persistent for the examined countries. In addition, fiscal spending was unable to stabilise income volatility, stimulated by external risk such as trade liberalisation and TOT. Based on the findings, a few policy implications worthy are to be explored. Universiti Utara Malaysia 2005 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/714/1/Azmafazilah_Jauhari.pdf Jauhari, Azmafazilah and Said, Fathin Faizah and Md. Tahir, Md. Zyadi (2005) Kemeruapan kadar syarat perdagangan dan pertumbuhan: Peranan perbelanjaan fiskal. International Journal of Management Studies (IJMS), 12 (2). pp. 125-144. ISSN 0127-8983 http://ijms.uum.edu.my |
| spellingShingle | HF Commerce Jauhari, Azmafazilah Said, Fathin Faizah Md. Tahir, Md. Zyadi Kemeruapan kadar syarat perdagangan dan pertumbuhan: Peranan perbelanjaan fiskal |
| title | Kemeruapan kadar syarat perdagangan dan pertumbuhan: Peranan perbelanjaan fiskal |
| title_full | Kemeruapan kadar syarat perdagangan dan pertumbuhan: Peranan perbelanjaan fiskal |
| title_fullStr | Kemeruapan kadar syarat perdagangan dan pertumbuhan: Peranan perbelanjaan fiskal |
| title_full_unstemmed | Kemeruapan kadar syarat perdagangan dan pertumbuhan: Peranan perbelanjaan fiskal |
| title_short | Kemeruapan kadar syarat perdagangan dan pertumbuhan: Peranan perbelanjaan fiskal |
| title_sort | kemeruapan kadar syarat perdagangan dan pertumbuhan peranan perbelanjaan fiskal |
| topic | HF Commerce |
| url | https://repo.uum.edu.my/id/eprint/714/1/Azmafazilah_Jauhari.pdf |
| work_keys_str_mv | AT jauhariazmafazilah kemeruapankadarsyaratperdagangandanpertumbuhanperananperbelanjaanfiskal AT saidfathinfaizah kemeruapankadarsyaratperdagangandanpertumbuhanperananperbelanjaanfiskal AT mdtahirmdzyadi kemeruapankadarsyaratperdagangandanpertumbuhanperananperbelanjaanfiskal |