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External Debt And Economic Growth Nexus: Evidence From Malaysia, Thailand And Philippines

This study aims to examine the contribution of external debt to economic growth in three countries namely; Malaysia, Thailand and the Philippines. To discern the causal chain linkages among the I(1) macroeconomic variables typically utilized to test the connection between external debt and econom...

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Main Authors: Lau, Evan, Lee, Alvina Syn-Yee, Ahmad Zubaidi, Baharumshah
Format: Article
Language:English
Published: IISES 2015
Subjects:
H Social Sciences (General)
Online Access:http://ir.unimas.my/id/eprint/17975/1/EVAN%20LAU.pdf
http://ir.unimas.my/id/eprint/17975/
http://iises.net/
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spelling my.unimas.ir.179752022-01-26T08:45:35Z http://ir.unimas.my/id/eprint/17975/ External Debt And Economic Growth Nexus: Evidence From Malaysia, Thailand And Philippines Lau, Evan Lee, Alvina Syn-Yee Ahmad Zubaidi, Baharumshah H Social Sciences (General) This study aims to examine the contribution of external debt to economic growth in three countries namely; Malaysia, Thailand and the Philippines. To discern the causal chain linkages among the I(1) macroeconomic variables typically utilized to test the connection between external debt and economic growth, several econometric procedures are employed in this study. By employing the cointegration test, the results reveal the existence of one unique long-run relationship among the variables for Malaysia while two cointegrating vectors are identified for both Thailand and the Philippines. From the results, it is evident that both the growth-driven exports and export-led growth hypothesis exist in Malaysia and Thailand respectively. The dynamic econometric analysis finds that exports of goods and services appear to be the most leading variable beyond the sample for the next 50 years. The findings from the study recommend the policy makers should formulate effective debt management policies to monitor the amount of external borrowings so that the accumulation of external debt will not hinder the economic growth. IISES 2015 Article PeerReviewed text en http://ir.unimas.my/id/eprint/17975/1/EVAN%20LAU.pdf Lau, Evan and Lee, Alvina Syn-Yee and Ahmad Zubaidi, Baharumshah (2015) External Debt And Economic Growth Nexus: Evidence From Malaysia, Thailand And Philippines. Proceedings of the Proceedings of the 16th International Academic Conference, Amsterdam, Jun 2015. ISSN ISBN 978-80-87927-09-0 http://iises.net/ DOI: 10.20472/IAC.2015.016.042
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic H Social Sciences (General)
spellingShingle H Social Sciences (General)
Lau, Evan
Lee, Alvina Syn-Yee
Ahmad Zubaidi, Baharumshah
External Debt And Economic Growth Nexus: Evidence From Malaysia, Thailand And Philippines
description This study aims to examine the contribution of external debt to economic growth in three countries namely; Malaysia, Thailand and the Philippines. To discern the causal chain linkages among the I(1) macroeconomic variables typically utilized to test the connection between external debt and economic growth, several econometric procedures are employed in this study. By employing the cointegration test, the results reveal the existence of one unique long-run relationship among the variables for Malaysia while two cointegrating vectors are identified for both Thailand and the Philippines. From the results, it is evident that both the growth-driven exports and export-led growth hypothesis exist in Malaysia and Thailand respectively. The dynamic econometric analysis finds that exports of goods and services appear to be the most leading variable beyond the sample for the next 50 years. The findings from the study recommend the policy makers should formulate effective debt management policies to monitor the amount of external borrowings so that the accumulation of external debt will not hinder the economic growth.
format Article
author Lau, Evan
Lee, Alvina Syn-Yee
Ahmad Zubaidi, Baharumshah
author_facet Lau, Evan
Lee, Alvina Syn-Yee
Ahmad Zubaidi, Baharumshah
author_sort Lau, Evan
title External Debt And Economic Growth Nexus: Evidence From Malaysia, Thailand And Philippines
title_short External Debt And Economic Growth Nexus: Evidence From Malaysia, Thailand And Philippines
title_full External Debt And Economic Growth Nexus: Evidence From Malaysia, Thailand And Philippines
title_fullStr External Debt And Economic Growth Nexus: Evidence From Malaysia, Thailand And Philippines
title_full_unstemmed External Debt And Economic Growth Nexus: Evidence From Malaysia, Thailand And Philippines
title_sort external debt and economic growth nexus: evidence from malaysia, thailand and philippines
publisher IISES
publishDate 2015
url http://ir.unimas.my/id/eprint/17975/1/EVAN%20LAU.pdf
http://ir.unimas.my/id/eprint/17975/
http://iises.net/
_version_ 1724078502836174848
score 13.211869

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