Capital infows, stock market, capital formation and economic growth in ASEAN’s countries: a simultaneous equation approach

Bibliographic Details
Format: Restricted Document
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building INTELEK Repository
collection Online Access
collectionurl https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072
date 2018-01-23 19:19:01
eventvenue Medan, Indonesia
format Restricted Document
id 6137
institution UniSZA
originalfilename 0921-01-FH03-FESP-18-13021.pdf
person Zunaidah S
recordtype oai_dc
resourceurl https://intelek.unisza.edu.my/intelek/pages/view.php?ref=6137
spelling 6137 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=6137 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Conference Conference Paper application/pdf 2 1.6 Adobe Acrobat Pro DC 20 Paper Capture Plug-in Zunaidah S 2018-01-23 19:19:01 0921-01-FH03-FESP-18-13021.pdf UniSZA Private Access Capital infows, stock market, capital formation and economic growth in ASEAN’s countries: a simultaneous equation approach This study investigates interdependence relationship between capital inflows, stock market development, capital formation and economic growth in ASEAN countries. The analysis is performed by using simultaneous-equation models estimation technique. The sample data is based on annual data, covering the period from 1996 to 2015. The results show that there was an interdependence relationship between capital inflows, stock market development, capital formation and economics growth, but no interdependence relationship between capital inflows with capital formation. While capital inflows do not affect economic growth, but economic growth affect the capital inflows. This study is expected to provide empirical evidence on the interdependency relationship of capital inflows, stock market development, capital formation and ASEAN's economic growth. The study findings and implication are expected to be of significant to the goverment because government should improve the state of infrastructures in the country and ensure stable macroeconomic policies (inflation, interest rate, etc) as a stabilization tool to propel the attraction of more capital inflows into ASEAN countries and the potential to boost the ASEAN’s economy in both the short and long term. Unimed International Conference on Economics and Business (The 1st UNICEB 2017) Medan, Indonesia
spellingShingle Capital infows, stock market, capital formation and economic growth in ASEAN’s countries: a simultaneous equation approach
summary This study investigates interdependence relationship between capital inflows, stock market development, capital formation and economic growth in ASEAN countries. The analysis is performed by using simultaneous-equation models estimation technique. The sample data is based on annual data, covering the period from 1996 to 2015. The results show that there was an interdependence relationship between capital inflows, stock market development, capital formation and economics growth, but no interdependence relationship between capital inflows with capital formation. While capital inflows do not affect economic growth, but economic growth affect the capital inflows. This study is expected to provide empirical evidence on the interdependency relationship of capital inflows, stock market development, capital formation and ASEAN's economic growth. The study findings and implication are expected to be of significant to the goverment because government should improve the state of infrastructures in the country and ensure stable macroeconomic policies (inflation, interest rate, etc) as a stabilization tool to propel the attraction of more capital inflows into ASEAN countries and the potential to boost the ASEAN’s economy in both the short and long term.
title Capital infows, stock market, capital formation and economic growth in ASEAN’s countries: a simultaneous equation approach
title_full Capital infows, stock market, capital formation and economic growth in ASEAN’s countries: a simultaneous equation approach
title_fullStr Capital infows, stock market, capital formation and economic growth in ASEAN’s countries: a simultaneous equation approach
title_full_unstemmed Capital infows, stock market, capital formation and economic growth in ASEAN’s countries: a simultaneous equation approach
title_short Capital infows, stock market, capital formation and economic growth in ASEAN’s countries: a simultaneous equation approach
title_sort capital infows, stock market, capital formation and economic growth in asean’s countries: a simultaneous equation approach