Analysis of international capital mobility in ASEAN-5 countries: savings- investment Nexus
This paper analyzes the degree of the international capital mobility via the national savings and investment relationship in ASEAN-5 countries, namely Indonesia, Malaysia, Thailand, the Philippines and Vietnam over the period 1980 to 2013 using panel data method. Besides, this paper also investiga...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
2016
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| Online Access: | http://journalarticle.ukm.my/10787/ http://journalarticle.ukm.my/10787/1/jeko_50%282%29-13.pdf |
| _version_ | 1848812507736571904 |
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| author | Yong, Sze Wei Rosita Haji Suhaimi, Kueh, Jerome Swee Hui |
| author_facet | Yong, Sze Wei Rosita Haji Suhaimi, Kueh, Jerome Swee Hui |
| author_sort | Yong, Sze Wei |
| building | UKM Institutional Repository |
| collection | Online Access |
| description | This paper analyzes the degree of the international capital mobility via the national savings and investment relationship
in ASEAN-5 countries, namely Indonesia, Malaysia, Thailand, the Philippines and Vietnam over the period 1980 to
2013 using panel data method. Besides, this paper also investigates the impact of the international capital mobility
for three sub-periods: period prior to 1997 Asian financial crisis (1980-1996), period after the 1997 Asian financial
crisis (1997-2007) and period after the 2008 global financial crisis (2008-2013). The findings of this paper indicate
that the degree of the international capital mobility is at the moderate level for the period 1980 to 2013. However,
the finding of the sub-periods after 1997 Asian financial crisis and 2008 global financial crisis indicating an upsurge
degree of the capital mobility in ASEAN-5 countries. This might be due to the adoption of export oriented policy and the
capital account liberalization in the 1990s and closer economic cooperation in the East Asia region aftermath both of
the global and Asian financial crises. It is crucial for government and policy makers to monitor closely on the trend of
international capital mobility to prevent financial risks as well as develop efficient policy and financial regulatory to
achieve the policy coordination among the ASEAN members. |
| first_indexed | 2025-11-15T00:03:24Z |
| format | Article |
| id | oai:generic.eprints.org:10787 |
| institution | Universiti Kebangasaan Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T00:03:24Z |
| publishDate | 2016 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | oai:generic.eprints.org:107872017-10-10T11:37:09Z http://journalarticle.ukm.my/10787/ Analysis of international capital mobility in ASEAN-5 countries: savings- investment Nexus Yong, Sze Wei Rosita Haji Suhaimi, Kueh, Jerome Swee Hui This paper analyzes the degree of the international capital mobility via the national savings and investment relationship in ASEAN-5 countries, namely Indonesia, Malaysia, Thailand, the Philippines and Vietnam over the period 1980 to 2013 using panel data method. Besides, this paper also investigates the impact of the international capital mobility for three sub-periods: period prior to 1997 Asian financial crisis (1980-1996), period after the 1997 Asian financial crisis (1997-2007) and period after the 2008 global financial crisis (2008-2013). The findings of this paper indicate that the degree of the international capital mobility is at the moderate level for the period 1980 to 2013. However, the finding of the sub-periods after 1997 Asian financial crisis and 2008 global financial crisis indicating an upsurge degree of the capital mobility in ASEAN-5 countries. This might be due to the adoption of export oriented policy and the capital account liberalization in the 1990s and closer economic cooperation in the East Asia region aftermath both of the global and Asian financial crises. It is crucial for government and policy makers to monitor closely on the trend of international capital mobility to prevent financial risks as well as develop efficient policy and financial regulatory to achieve the policy coordination among the ASEAN members. Penerbit Universiti Kebangsaan Malaysia 2016 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/10787/1/jeko_50%282%29-13.pdf Yong, Sze Wei and Rosita Haji Suhaimi, and Kueh, Jerome Swee Hui (2016) Analysis of international capital mobility in ASEAN-5 countries: savings- investment Nexus. Jurnal Ekonomi Malaysia, 50 (2). pp. 155-165. ISSN 0127-1962 http://www.ukm.my/fep/jem/content/2016-2.html |
| spellingShingle | Yong, Sze Wei Rosita Haji Suhaimi, Kueh, Jerome Swee Hui Analysis of international capital mobility in ASEAN-5 countries: savings- investment Nexus |
| title | Analysis of international capital mobility in ASEAN-5 countries: savings-
investment Nexus |
| title_full | Analysis of international capital mobility in ASEAN-5 countries: savings-
investment Nexus |
| title_fullStr | Analysis of international capital mobility in ASEAN-5 countries: savings-
investment Nexus |
| title_full_unstemmed | Analysis of international capital mobility in ASEAN-5 countries: savings-
investment Nexus |
| title_short | Analysis of international capital mobility in ASEAN-5 countries: savings-
investment Nexus |
| title_sort | analysis of international capital mobility in asean-5 countries: savings-
investment nexus |
| url | http://journalarticle.ukm.my/10787/ http://journalarticle.ukm.my/10787/ http://journalarticle.ukm.my/10787/1/jeko_50%282%29-13.pdf |