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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| Format: | Article |
| Language: | English |
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The General Jonas Zemaitis Military Academy of Lithuania
2020
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| Online Access: | http://psasir.upm.edu.my/id/eprint/88060/ http://psasir.upm.edu.my/id/eprint/88060/1/ABSTRACT.pdf |
| _version_ | 1848860547161784320 |
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| author | Harjito, D. Agus Mohamed, Zulkifli Mohamed, Norhayati Mohd Saat, Nur Ashikin Zainudin, Zalina |
| author_facet | Harjito, D. Agus Mohamed, Zulkifli Mohamed, Norhayati Mohd Saat, Nur Ashikin Zainudin, Zalina |
| author_sort | Harjito, D. Agus |
| building | UPM Institutional Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-15T12:46:58Z |
| format | Article |
| id | upm-88060 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T12:46:58Z |
| publishDate | 2020 |
| publisher | The General Jonas Zemaitis Military Academy of Lithuania |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-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) |
| 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 |
| title | 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_short | 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 |
| url | http://psasir.upm.edu.my/id/eprint/88060/ http://psasir.upm.edu.my/id/eprint/88060/ http://psasir.upm.edu.my/id/eprint/88060/ http://psasir.upm.edu.my/id/eprint/88060/1/ABSTRACT.pdf |