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Impact of public debt, bank credit and financial institutions on economic growth: Evidence from selected Asean countries

This study examines the impact of public debt, bank credit and financial institutions on economic growth: evidence from selected ASEAN countries. The need to put the economy on the path of growth and development is more like a complex journey rather than a clear cut path to follow. All the nations o...

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Main Authors: Azadkhoyrasekh, Saeed, Yahya, M. H., Kamarudin, F.
Format: Article
Published: Human Resource Management Academic Research Society 2023
Online Access:http://psasir.upm.edu.my/id/eprint/108311/
https://hrmars.com/index.php/journals/archive_detail/IJARBSS/357
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spelling my.upm.eprints.1083112024-06-13T08:32:50Z http://psasir.upm.edu.my/id/eprint/108311/ Impact of public debt, bank credit and financial institutions on economic growth: Evidence from selected Asean countries Azadkhoyrasekh, Saeed Yahya, M. H. Kamarudin, F. This study examines the impact of public debt, bank credit and financial institutions on economic growth: evidence from selected ASEAN countries. The need to put the economy on the path of growth and development is more like a complex journey rather than a clear cut path to follow. All the nations of the world have one common aim i.e. to be the most successful economy of the world. Economic growth of every nation is highly dependent on the sustenance and development of its banking. This study tries to examine the relationship between the bank credit and economic growth for six ASEAN countries, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. It also studies the relationship between development of banking and economic growth for ASEAN countries. Further, the relationship between Public Debt and economic growth is also studied. Changes in GDP indicate the economic growth or backwardness of each country. The finding indicates that the economic growth of the countries are strongly related with the bank credit and public debt status and the economic growth of the chosen countries is weakly related with the banks of the countries. It is thus concluded that bank credit and public debt is more significant variable for economic growth of the countries as compared with that of banks of the countries. Human Resource Management Academic Research Society 2023 Article PeerReviewed Azadkhoyrasekh, Saeed and Yahya, M. H. and Kamarudin, F. (2023) Impact of public debt, bank credit and financial institutions on economic growth: Evidence from selected Asean countries. International Journal of Academic Research in Business and Social Sciences, 13 (8). pp. 1683-1704. ISSN 2308-3816; ESSN: 2222-6990 https://hrmars.com/index.php/journals/archive_detail/IJARBSS/357 10.6007/IJARBSS/v13-i8/18277
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
description This study examines the impact of public debt, bank credit and financial institutions on economic growth: evidence from selected ASEAN countries. The need to put the economy on the path of growth and development is more like a complex journey rather than a clear cut path to follow. All the nations of the world have one common aim i.e. to be the most successful economy of the world. Economic growth of every nation is highly dependent on the sustenance and development of its banking. This study tries to examine the relationship between the bank credit and economic growth for six ASEAN countries, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. It also studies the relationship between development of banking and economic growth for ASEAN countries. Further, the relationship between Public Debt and economic growth is also studied. Changes in GDP indicate the economic growth or backwardness of each country. The finding indicates that the economic growth of the countries are strongly related with the bank credit and public debt status and the economic growth of the chosen countries is weakly related with the banks of the countries. It is thus concluded that bank credit and public debt is more significant variable for economic growth of the countries as compared with that of banks of the countries.
format Article
author Azadkhoyrasekh, Saeed
Yahya, M. H.
Kamarudin, F.
spellingShingle Azadkhoyrasekh, Saeed
Yahya, M. H.
Kamarudin, F.
Impact of public debt, bank credit and financial institutions on economic growth: Evidence from selected Asean countries
author_facet Azadkhoyrasekh, Saeed
Yahya, M. H.
Kamarudin, F.
author_sort Azadkhoyrasekh, Saeed
title Impact of public debt, bank credit and financial institutions on economic growth: Evidence from selected Asean countries
title_short Impact of public debt, bank credit and financial institutions on economic growth: Evidence from selected Asean countries
title_full Impact of public debt, bank credit and financial institutions on economic growth: Evidence from selected Asean countries
title_fullStr Impact of public debt, bank credit and financial institutions on economic growth: Evidence from selected Asean countries
title_full_unstemmed Impact of public debt, bank credit and financial institutions on economic growth: Evidence from selected Asean countries
title_sort impact of public debt, bank credit and financial institutions on economic growth: evidence from selected asean countries
publisher Human Resource Management Academic Research Society
publishDate 2023
url http://psasir.upm.edu.my/id/eprint/108311/
https://hrmars.com/index.php/journals/archive_detail/IJARBSS/357
_version_ 1802978793556541440
score 13.211869

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