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Assessing the role of external debt in economic growth of the ASEAN-4 countries: An empirical study

The Asian Financial Crisis in 1997 witnessed an episode of high accumulation of external debt among the crisis-hit countries, namely Indonesia, Malaysia, Philippines and Thailand.This leads to the issue of the role played by external debt in stimulating the economies of ASEAN-4 countries.This paper...

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Main Author: Mohd Daud, Siti Nurazira
Format: Article
Published: Universiti Utara Malaysia 2014
Subjects:
HC Economic History and Conditions
Online Access:http://repo.uum.edu.my/15857/
http://ijms.uum.edu.my/index.php/component/jdownloads/summary/26-ijms-vol-21-no-2-dec-2015/151-assessing-the-role-of-external-debt-in-economic-growth-of-the-asean-4-countries-an-empirical-study
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spelling my.uum.repo.158572015-10-18T07:03:28Z http://repo.uum.edu.my/15857/ Assessing the role of external debt in economic growth of the ASEAN-4 countries: An empirical study Mohd Daud, Siti Nurazira HC Economic History and Conditions The Asian Financial Crisis in 1997 witnessed an episode of high accumulation of external debt among the crisis-hit countries, namely Indonesia, Malaysia, Philippines and Thailand.This leads to the issue of the role played by external debt in stimulating the economies of ASEAN-4 countries.This paper tries to examine the role of external debt in the economies of the ASEAN-4 countries.The results demonstrate that external debt plays a role in improving the economic growth of the ASEAN-4 countries. In addition, the accumulation of external debt is positively associated with Indonesia’s and Thailand’s economic growth up to an optimal level, beyond the optimal level the external debt has inversely contributed to the economy. Universiti Utara Malaysia 2014-12 Article PeerReviewed Mohd Daud, Siti Nurazira (2014) Assessing the role of external debt in economic growth of the ASEAN-4 countries: An empirical study. International Journal of Management Studies (IJMS), 21 (2). ISSN 2232-1608 http://ijms.uum.edu.my/index.php/component/jdownloads/summary/26-ijms-vol-21-no-2-dec-2015/151-assessing-the-role-of-external-debt-in-economic-growth-of-the-asean-4-countries-an-empirical-study
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
topic HC Economic History and Conditions
spellingShingle HC Economic History and Conditions
Mohd Daud, Siti Nurazira
Assessing the role of external debt in economic growth of the ASEAN-4 countries: An empirical study
description The Asian Financial Crisis in 1997 witnessed an episode of high accumulation of external debt among the crisis-hit countries, namely Indonesia, Malaysia, Philippines and Thailand.This leads to the issue of the role played by external debt in stimulating the economies of ASEAN-4 countries.This paper tries to examine the role of external debt in the economies of the ASEAN-4 countries.The results demonstrate that external debt plays a role in improving the economic growth of the ASEAN-4 countries. In addition, the accumulation of external debt is positively associated with Indonesia’s and Thailand’s economic growth up to an optimal level, beyond the optimal level the external debt has inversely contributed to the economy.
format Article
author Mohd Daud, Siti Nurazira
author_facet Mohd Daud, Siti Nurazira
author_sort Mohd Daud, Siti Nurazira
title Assessing the role of external debt in economic growth of the ASEAN-4 countries: An empirical study
title_short Assessing the role of external debt in economic growth of the ASEAN-4 countries: An empirical study
title_full Assessing the role of external debt in economic growth of the ASEAN-4 countries: An empirical study
title_fullStr Assessing the role of external debt in economic growth of the ASEAN-4 countries: An empirical study
title_full_unstemmed Assessing the role of external debt in economic growth of the ASEAN-4 countries: An empirical study
title_sort assessing the role of external debt in economic growth of the asean-4 countries: an empirical study
publisher Universiti Utara Malaysia
publishDate 2014
url http://repo.uum.edu.my/15857/
http://ijms.uum.edu.my/index.php/component/jdownloads/summary/26-ijms-vol-21-no-2-dec-2015/151-assessing-the-role-of-external-debt-in-economic-growth-of-the-asean-4-countries-an-empirical-study
_version_ 1644281817483706368
score 13.211869

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