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Intertemporal approach to the current account: evidence from Malaysia and Indonesia

This article presents an application of the intertemporal approach to the current account positions of Indonesia and Malaysia over the past four decades. Comparing the results for these two emerging market economies, the model performed noticeable better for Malaysia. Meanwhile, Indonesia’s extern...

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Main Authors: Hamizun Ismail,, Ahmad Zubaidi Baharumshah,, MacDonald, Ronald
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2013
Online Access:http://journalarticle.ukm.my/6953/1/3622-8083-1-PB.pdf
http://journalarticle.ukm.my/6953/
http://ejournal.ukm.my/pengurusan/index
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spelling my-ukm.journal.69532016-12-14T06:42:41Z http://journalarticle.ukm.my/6953/ Intertemporal approach to the current account: evidence from Malaysia and Indonesia Hamizun Ismail, Ahmad Zubaidi Baharumshah, MacDonald, Ronald This article presents an application of the intertemporal approach to the current account positions of Indonesia and Malaysia over the past four decades. Comparing the results for these two emerging market economies, the model performed noticeable better for Malaysia. Meanwhile, Indonesia’s external imbalances revealed the followings: deficits of the mid-1980s and 1990s prior to the 1997 crisis appeared to be an unsustainable path; surpluses during the post-crisis period deviated from the ‘optimal path’ significantly, implying that savings had reached a level that was beyond what would be required to support full ‘consumption-smoothing’; and capital movements appeared to be excessively volatile. Penerbit Universiti Kebangsaan Malaysia 2013 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/6953/1/3622-8083-1-PB.pdf Hamizun Ismail, and Ahmad Zubaidi Baharumshah, and MacDonald, Ronald (2013) Intertemporal approach to the current account: evidence from Malaysia and Indonesia. Jurnal Pengurusan, 37 . pp. 3-13. ISSN 0127-2713 http://ejournal.ukm.my/pengurusan/index
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description This article presents an application of the intertemporal approach to the current account positions of Indonesia and Malaysia over the past four decades. Comparing the results for these two emerging market economies, the model performed noticeable better for Malaysia. Meanwhile, Indonesia’s external imbalances revealed the followings: deficits of the mid-1980s and 1990s prior to the 1997 crisis appeared to be an unsustainable path; surpluses during the post-crisis period deviated from the ‘optimal path’ significantly, implying that savings had reached a level that was beyond what would be required to support full ‘consumption-smoothing’; and capital movements appeared to be excessively volatile.
format Article
author Hamizun Ismail,
Ahmad Zubaidi Baharumshah,
MacDonald, Ronald
spellingShingle Hamizun Ismail,
Ahmad Zubaidi Baharumshah,
MacDonald, Ronald
Intertemporal approach to the current account: evidence from Malaysia and Indonesia
author_facet Hamizun Ismail,
Ahmad Zubaidi Baharumshah,
MacDonald, Ronald
author_sort Hamizun Ismail,
title Intertemporal approach to the current account: evidence from Malaysia and Indonesia
title_short Intertemporal approach to the current account: evidence from Malaysia and Indonesia
title_full Intertemporal approach to the current account: evidence from Malaysia and Indonesia
title_fullStr Intertemporal approach to the current account: evidence from Malaysia and Indonesia
title_full_unstemmed Intertemporal approach to the current account: evidence from Malaysia and Indonesia
title_sort intertemporal approach to the current account: evidence from malaysia and indonesia
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2013
url http://journalarticle.ukm.my/6953/1/3622-8083-1-PB.pdf
http://journalarticle.ukm.my/6953/
http://ejournal.ukm.my/pengurusan/index
_version_ 1643736956185608192
score 13.211869

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