Bank Credit, Export And Economic Growth In The ASEAN Countries : A Cointegration and Error Correction

The main thrust of this study is to deploy an econometric analysis to determine empirically the long run equilibrium relationship and its causal effects among bank credit (a proxy to financial development), real export and economic growth for ASEAN - 5 member economies. The empirical findings sugges...

Full description

Saved in:

Bibliographic Details
Main Author:	Khor, Kok Keat
Format:	Thesis
Language:	eng eng
Published:	2001
Subjects:	HB Economic Theory
Online Access:	https://etd.uum.edu.my/323/1/Khor_Kok_Keat%2C_2001.pdf https://etd.uum.edu.my/323/2/1.Khor_Kok_Keat%2C_2001.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-uum-etd.323
record_format	uketd_dc
spelling	my-uum-etd.3232013-07-24T12:06:42Z Bank Credit, Export And Economic Growth In The ASEAN Countries : A Cointegration and Error Correction 2001 Khor, Kok Keat Sekolah Siswazah Sekolah Siswazah HB Economic Theory The main thrust of this study is to deploy an econometric analysis to determine empirically the long run equilibrium relationship and its causal effects among bank credit (a proxy to financial development), real export and economic growth for ASEAN - 5 member economies. The empirical findings suggest the existence of a long run equilibrium relationship over a 31-year time period among the variables within the multivariate model. Subsequent analysis also found that there is a unidirectional Granger-causality from financial development to real economic growth but neither the reverse nor bidirectional among Malaysia, Singapore and Thailand while there is no evidence of causality whatsoever in Indonesia and Philippines. Such finding implies a pattern of 'supply-leading' phenomenon between Financial - economic developments here; whereby financial development precedes and induces economic gowth in developing economies. We also record causality running from financial development to real export growth in Thailand alone, indicating that export Financing through directed credit programme encourages promotion of exports. Therefore, a stress on policy fundamentals giving particular attention pertaining to public financial sector policies, policy of financial reforms and restructuring as well as sustaining a level of confidence towards 'market-oriented' financial policy are crucially important strengthening financial development and thereby economic growth. 2001 Thesis https://etd.uum.edu.my/323/ https://etd.uum.edu.my/323/1/Khor_Kok_Keat%2C_2001.pdf application/pdf eng validuser https://etd.uum.edu.my/323/2/1.Khor_Kok_Keat%2C_2001.pdf application/pdf eng public masters masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
topic	HB Economic Theory
spellingShingle	HB Economic Theory Khor, Kok Keat Bank Credit, Export And Economic Growth In The ASEAN Countries : A Cointegration and Error Correction
description	The main thrust of this study is to deploy an econometric analysis to determine empirically the long run equilibrium relationship and its causal effects among bank credit (a proxy to financial development), real export and economic growth for ASEAN - 5 member economies. The empirical findings suggest the existence of a long run equilibrium relationship over a 31-year time period among the variables within the multivariate model. Subsequent analysis also found that there is a unidirectional Granger-causality from financial development to real economic growth but neither the reverse nor bidirectional among Malaysia, Singapore and Thailand while there is no evidence of causality whatsoever in Indonesia and Philippines. Such finding implies a pattern of 'supply-leading' phenomenon between Financial - economic developments here; whereby financial development precedes and induces economic gowth in developing economies. We also record causality running from financial development to real export growth in Thailand alone, indicating that export Financing through directed credit programme encourages promotion of exports. Therefore, a stress on policy fundamentals giving particular attention pertaining to public financial sector policies, policy of financial reforms and restructuring as well as sustaining a level of confidence towards 'market-oriented' financial policy are crucially important strengthening financial development and thereby economic growth.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Khor, Kok Keat
author_facet	Khor, Kok Keat
author_sort	Khor, Kok Keat
title	Bank Credit, Export And Economic Growth In The ASEAN Countries : A Cointegration and Error Correction
title_short	Bank Credit, Export And Economic Growth In The ASEAN Countries : A Cointegration and Error Correction
title_full	Bank Credit, Export And Economic Growth In The ASEAN Countries : A Cointegration and Error Correction
title_fullStr	Bank Credit, Export And Economic Growth In The ASEAN Countries : A Cointegration and Error Correction
title_full_unstemmed	Bank Credit, Export And Economic Growth In The ASEAN Countries : A Cointegration and Error Correction
title_sort	bank credit, export and economic growth in the asean countries : a cointegration and error correction
granting_institution	Universiti Utara Malaysia
granting_department	Sekolah Siswazah
publishDate	2001
url	https://etd.uum.edu.my/323/1/Khor_Kok_Keat%2C_2001.pdf https://etd.uum.edu.my/323/2/1.Khor_Kok_Keat%2C_2001.pdf
_version_	1747826888015872000

Bank Credit, Export And Economic Growth In The ASEAN Countries : A Cointegration and Error Correction

Similar Items