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GDP vs genuine progress quantification of economic performance in South Korea and Malaysia

Hashim, Mastura and Mohammad Sifat, Imtiaz and Mohamad, Azhar (2018) GDP vs genuine progress quantification of economic performance in South Korea and Malaysia. Economics and Business Letters, 7 (4). pp. 169-179. ISSN 2254-4380

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Abstract

Malaysia and South Korea, successful graduates of Asian Financial Crisis, employed different paths to recovery via Capital Control and IMF bail-out respectively. This paper tracks recovery trajectories of the two nations via orthodox and emergent growth indicators: GDP and GPI. We report unemployment, open-trade, fixed capital accumulation, and prior crisis to be influential determinants of both metrics, while credit and foreign exchange rate lack significance.

Item Type: Article (Journal)
Additional Information: 3334/68820
Uncontrolled Keywords: GDP; genuine progress; sustainable growth; Malaysia; South Korea
Subjects: H Social Sciences > HC Economic History and Conditions > HC94 By region or country
H Social Sciences > HJ Public Finance
Kulliyyahs/Centres/Divisions/Institutes: Kulliyyah of Economics and Management Sciences
Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User: Dr Azhar Mohamad
Date Deposited: 11 Feb 2019 17:18
Last Modified: 11 Feb 2019 17:18
URI: http://irep.iium.edu.my/id/eprint/68820

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