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Bringing various dimensions of credit of ASEAN countries for scrutiny; implications on sustainable economic growth

This study has used data from the ASEAN region in order to study the relationship among the various dimensions of credit and sustainable economic growth. The objective of this study was to analyze the effects of the credit dimensions on the economic growth for the period 1995-2018. The estimation o...

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Main Authors: Harjito, D. Agus, Mohamed, Zulkifli, Mohamed, Norhayati, Mohd Saat, Nur Ashikin, Zainudin, Zalina
Format: Article
Language:English
Published: The General Jonas Zemaitis Military Academy of Lithuania 2020
Online Access:http://psasir.upm.edu.my/id/eprint/88060/1/ABSTRACT.pdf
http://psasir.upm.edu.my/id/eprint/88060/
https://jssidoi.org/jssi/papers/papers/view/612/Harjito_Bringing_various_dimensions_of_credit_of_ASEAN_countries_for_scrutiny_implications_on_sustainable_economic_growth.pdf
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spelling my.upm.eprints.880602022-05-24T04:27:05Z http://psasir.upm.edu.my/id/eprint/88060/ Bringing various dimensions of credit of ASEAN countries for scrutiny; implications on sustainable economic growth Harjito, D. Agus Mohamed, Zulkifli Mohamed, Norhayati Mohd Saat, Nur Ashikin Zainudin, Zalina This study has used data from the ASEAN region in order to study the relationship among the various dimensions of credit and sustainable economic growth. The objective of this study was to analyze the effects of the credit dimensions on the economic growth for the period 1995-2018. The estimation of regressors was performed on the basis of the one step system of generalized method of moments and the panel corrected standard approach methods. The dynamic and static estimations reveal that the effect of household credit on the economic growth is insignificant whereas business credit, mortgage credit, consumer credit and private sector credit were found to be positive and significant. The current study is original in the sense that the study has been performed with a new dataset and the focus variables are also different. Such studies are important for the ASAEN region as the region is developing as the region is under development, and the level of credit available is one of the primary indicators of the economic performance or ability of a country. Also, this study has used an estimation method that account for the problems of panel data, specifically the issues created by the cross-sections and heterogeneity. The study also has important theoretical and policy-making implications. The General Jonas Zemaitis Military Academy of Lithuania 2020 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/88060/1/ABSTRACT.pdf Harjito, D. Agus and Mohamed, Zulkifli and Mohamed, Norhayati and Mohd Saat, Nur Ashikin and Zainudin, Zalina (2020) Bringing various dimensions of credit of ASEAN countries for scrutiny; implications on sustainable economic growth. Journal of Security and Sustainability Issues, 10. 338 - 348. ISSN 2029-7017; ESSN: 2029-7025 https://jssidoi.org/jssi/papers/papers/view/612/Harjito_Bringing_various_dimensions_of_credit_of_ASEAN_countries_for_scrutiny_implications_on_sustainable_economic_growth.pdf 10.9770/jssi.2020.10.Oct(27)
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/
language English
description This study has used data from the ASEAN region in order to study the relationship among the various dimensions of credit and sustainable economic growth. The objective of this study was to analyze the effects of the credit dimensions on the economic growth for the period 1995-2018. The estimation of regressors was performed on the basis of the one step system of generalized method of moments and the panel corrected standard approach methods. The dynamic and static estimations reveal that the effect of household credit on the economic growth is insignificant whereas business credit, mortgage credit, consumer credit and private sector credit were found to be positive and significant. The current study is original in the sense that the study has been performed with a new dataset and the focus variables are also different. Such studies are important for the ASAEN region as the region is developing as the region is under development, and the level of credit available is one of the primary indicators of the economic performance or ability of a country. Also, this study has used an estimation method that account for the problems of panel data, specifically the issues created by the cross-sections and heterogeneity. The study also has important theoretical and policy-making implications.
format Article
author Harjito, D. Agus
Mohamed, Zulkifli
Mohamed, Norhayati
Mohd Saat, Nur Ashikin
Zainudin, Zalina
spellingShingle Harjito, D. Agus
Mohamed, Zulkifli
Mohamed, Norhayati
Mohd Saat, Nur Ashikin
Zainudin, Zalina
Bringing various dimensions of credit of ASEAN countries for scrutiny; implications on sustainable economic growth
author_facet Harjito, D. Agus
Mohamed, Zulkifli
Mohamed, Norhayati
Mohd Saat, Nur Ashikin
Zainudin, Zalina
author_sort Harjito, D. Agus
title Bringing various dimensions of credit of ASEAN countries for scrutiny; implications on sustainable economic growth
title_short Bringing various dimensions of credit of ASEAN countries for scrutiny; implications on sustainable economic growth
title_full Bringing various dimensions of credit of ASEAN countries for scrutiny; implications on sustainable economic growth
title_fullStr Bringing various dimensions of credit of ASEAN countries for scrutiny; implications on sustainable economic growth
title_full_unstemmed Bringing various dimensions of credit of ASEAN countries for scrutiny; implications on sustainable economic growth
title_sort bringing various dimensions of credit of asean countries for scrutiny; implications on sustainable economic growth
publisher The General Jonas Zemaitis Military Academy of Lithuania
publishDate 2020
url http://psasir.upm.edu.my/id/eprint/88060/1/ABSTRACT.pdf
http://psasir.upm.edu.my/id/eprint/88060/
https://jssidoi.org/jssi/papers/papers/view/612/Harjito_Bringing_various_dimensions_of_credit_of_ASEAN_countries_for_scrutiny_implications_on_sustainable_economic_growth.pdf
_version_ 1734301610858774528
score 13.211869

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