Does financial cooperation agreement influence the real economy?: A GMM panel data approach on ASEAN+3 countries

Rahman, Md. Saifur and Aslam, Mohamed and Lau, Wee Yeap and Shahari, Farihana (2015) Does financial cooperation agreement influence the real economy?: A GMM panel data approach on ASEAN+3 countries. DLSU Business & Economics Review, 24 (2). pp. 65-76. ISSN 0116-7111

PDF - Published Version Restricted to Repository staff only Download (969kB) | Request a copy

Abstract

This study aims to investigate the influences and contributions of financial integration on real sectors in ASEAN+3 economies. It employs General Methods of Moment (GMM) technique and uses the proxies of financial integration and real economy from 1990 to 2012. The findings show that financial integration on real economy has positive effect, such as increasing government spending, reducing unemployment, and so forth. The finding has great implications for the regional economies. It is recommended that the policy makers improve the financial integration in order to develop the real economy.

Item Type:	Article (Journal)
Additional Information:	7791/52630
Uncontrolled Keywords:	Financial integration, General Methods of Moment (GMM), ASEAN+3, financial cooperation agreement
Subjects:	H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences
Depositing User:	Dr. Farihana Shahari
Date Deposited:	10 Nov 2016 16:43
Last Modified:	21 May 2018 10:32
URI:	http://irep.iium.edu.my/id/eprint/52630

Actions (login required)

View Item