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Industrial Development, Subsidy Reform and Export Behaviour : An Evidence from ASEAN-5 Economies

This study explores the impact of subsidy reform on export performance in ASEAN-5 economies, whereby the output of this research may be useful for the policymakers to balance favourable subsidy reform upon sustainable economic development while controlling fiscal burden. The objective of this study...

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Main Authors: Dzul Hadzwan, Bin Husaini, Shazali, Bin Abu Mansor, Bakri, Bin Abdul Karim, Chin, Hong Puah, Kueh, Jerome Swee Hui, Lau, Evan Poh Hock
Format: Article
Language:English
Published: Universiti Putra Malaysia Press 2019
Subjects:
HB Economic Theory
HD Industries. Land use. Labor
Online Access:http://ir.unimas.my/id/eprint/25878/1/Industrial%20Development.pdf
http://ir.unimas.my/id/eprint/25878/
http://www.ijem.upm.edu.my/curr_issue.htm
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spelling my.unimas.ir.258782022-01-06T00:20:12Z http://ir.unimas.my/id/eprint/25878/ Industrial Development, Subsidy Reform and Export Behaviour : An Evidence from ASEAN-5 Economies Dzul Hadzwan, Bin Husaini Shazali, Bin Abu Mansor Bakri, Bin Abdul Karim Chin, Hong Puah Kueh, Jerome Swee Hui Lau, Evan Poh Hock HB Economic Theory HD Industries. Land use. Labor This study explores the impact of subsidy reform on export performance in ASEAN-5 economies, whereby the output of this research may be useful for the policymakers to balance favourable subsidy reform upon sustainable economic development while controlling fiscal burden. The objective of this study is to explore the impact of subsidy reform on export growth while considering an exchange rate and the industrial value added as a control variable. This study covers a panel data of ASEAN-5 economies from the 1992 to 2015. The dynamic panel data analysis was employed to evaluate the magnitude impact of subsidy expenditure by the government, exchange rate and industrial value added on export performance. The Pooled Mean Group (PMG) model was employed to determine the long run coefficient in the model. The finding concluded that: 1) Export growth was expected to increase as the subsidy growth increases, 2) currency appreciation was expected to encourage export growth and 3) Industrial development would increase export growth as many outputs can be produced in a period of time. As an absence of subsidy would lead to a lost in export, and the government is recommended to implement an adequate offset policy to cushion any negative impact reflected by the absence of a subsidy in an economy. Universiti Putra Malaysia Press 2019 Article PeerReviewed text en http://ir.unimas.my/id/eprint/25878/1/Industrial%20Development.pdf Dzul Hadzwan, Bin Husaini and Shazali, Bin Abu Mansor and Bakri, Bin Abdul Karim and Chin, Hong Puah and Kueh, Jerome Swee Hui and Lau, Evan Poh Hock (2019) Industrial Development, Subsidy Reform and Export Behaviour : An Evidence from ASEAN-5 Economies. International Journal of Economics and Management, 13 (1). pp. 51-61. ISSN 2600-9390 http://www.ijem.upm.edu.my/curr_issue.htm
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 HB Economic Theory
HD Industries. Land use. Labor
spellingShingle HB Economic Theory
HD Industries. Land use. Labor
Dzul Hadzwan, Bin Husaini
Shazali, Bin Abu Mansor
Bakri, Bin Abdul Karim
Chin, Hong Puah
Kueh, Jerome Swee Hui
Lau, Evan Poh Hock
Industrial Development, Subsidy Reform and Export Behaviour : An Evidence from ASEAN-5 Economies
description This study explores the impact of subsidy reform on export performance in ASEAN-5 economies, whereby the output of this research may be useful for the policymakers to balance favourable subsidy reform upon sustainable economic development while controlling fiscal burden. The objective of this study is to explore the impact of subsidy reform on export growth while considering an exchange rate and the industrial value added as a control variable. This study covers a panel data of ASEAN-5 economies from the 1992 to 2015. The dynamic panel data analysis was employed to evaluate the magnitude impact of subsidy expenditure by the government, exchange rate and industrial value added on export performance. The Pooled Mean Group (PMG) model was employed to determine the long run coefficient in the model. The finding concluded that: 1) Export growth was expected to increase as the subsidy growth increases, 2) currency appreciation was expected to encourage export growth and 3) Industrial development would increase export growth as many outputs can be produced in a period of time. As an absence of subsidy would lead to a lost in export, and the government is recommended to implement an adequate offset policy to cushion any negative impact reflected by the absence of a subsidy in an economy.
format Article
author Dzul Hadzwan, Bin Husaini
Shazali, Bin Abu Mansor
Bakri, Bin Abdul Karim
Chin, Hong Puah
Kueh, Jerome Swee Hui
Lau, Evan Poh Hock
author_facet Dzul Hadzwan, Bin Husaini
Shazali, Bin Abu Mansor
Bakri, Bin Abdul Karim
Chin, Hong Puah
Kueh, Jerome Swee Hui
Lau, Evan Poh Hock
author_sort Dzul Hadzwan, Bin Husaini
title Industrial Development, Subsidy Reform and Export Behaviour : An Evidence from ASEAN-5 Economies
title_short Industrial Development, Subsidy Reform and Export Behaviour : An Evidence from ASEAN-5 Economies
title_full Industrial Development, Subsidy Reform and Export Behaviour : An Evidence from ASEAN-5 Economies
title_fullStr Industrial Development, Subsidy Reform and Export Behaviour : An Evidence from ASEAN-5 Economies
title_full_unstemmed Industrial Development, Subsidy Reform and Export Behaviour : An Evidence from ASEAN-5 Economies
title_sort industrial development, subsidy reform and export behaviour : an evidence from asean-5 economies
publisher Universiti Putra Malaysia Press
publishDate 2019
url http://ir.unimas.my/id/eprint/25878/1/Industrial%20Development.pdf
http://ir.unimas.my/id/eprint/25878/
http://www.ijem.upm.edu.my/curr_issue.htm
_version_ 1724078516392165376
score 13.211869

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