Hamidi, Masyhuri and Widiyanti, Marlina and Sadalia, Isfenti (2020) Looking Towards The Bigger Picture For Economic Sustainibility Of Asean Countries: Role Of Consumption Investment And Debt Growth. Journal of Security and Sustainibility Issues, 10 (25). pp. 326-336. ISSN 2029-7017
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LOOKING TOWARDS THE BIGGER PICTURE FOR ECONOMIC SUSTAINIBILITY OF ASEAN COUNTRIES ROLE OF CONSUMPTION INVESTMENT AND DEBT GROWTH.pdf - Published Version Download (451kB) | Preview |
Abstract
The present study was performed in order to account for the changes in the economic sustainability in relation with the investment, growth of debt and consumption of resources. The study used panel data from six countries from the ASEAN region from the period between 1995-2018. The estimation of the regressors was performed on the basis of the AMG long run estimation. However, the tests of cross-sectional dependence, cointegration, unit roots were also performed on the tests. The AMG estimation reveals that for almost all countries the variables have significant and positive effects on economic sustainability. The results thus show that increases in investment, growth of debt and consumption have an increasing trend with the progress of economic sustainability. The Konya causal test was also performed on the data. Causal analysis shows that bidirectional associations exist between debt growth and economic sustainability and investment and economic sustainability. Whereas, unidirectional relationship from economic sustainability and consumption is observed to be present in the data. The current study is original as it uses the data from a different time period. These studies are important for the development of the ASEAN region. The study also provides some theoretical and policy-making implications.
Item Type: | Article |
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Uncontrolled Keywords: | ASEAN, AMG, Konya causality, consumption, investment |
Subjects: | H Social Sciences > HG Finance > HG4538 Foreign investments #3 Repository of Lecturer Academic Credit Systems (TPAK) > Corresponding Author |
Divisions: | 01-Faculty of Economics > 61201-Management (S1) |
Depositing User: | Marlina Widiyanti |
Date Deposited: | 19 Apr 2022 14:19 |
Last Modified: | 19 Apr 2022 14:19 |
URI: | http://repository.unsri.ac.id/id/eprint/69172 |
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