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...

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Main Authors:	Yong, Sze Wei, Rosita Haji Suhaimi, Kueh, Jerome Swee Hui
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2016
Online Access:	http://journalarticle.ukm.my/10787/ http://journalarticle.ukm.my/10787/ http://journalarticle.ukm.my/10787/1/jeko_50%282%29-13.pdf

id	ukm-10787
recordtype	eprints
spelling	ukm-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
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
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.
format	Article
author	Yong, Sze Wei Rosita Haji Suhaimi, Kueh, Jerome Swee Hui
spellingShingle	Yong, Sze Wei Rosita Haji Suhaimi, Kueh, Jerome Swee Hui Analysis of international capital mobility in ASEAN-5 countries: savings- investment Nexus
author_facet	Yong, Sze Wei Rosita Haji Suhaimi, Kueh, Jerome Swee Hui
author_sort	Yong, Sze Wei
title	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_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_sort	analysis of international capital mobility in asean-5 countries: savings- investment nexus
publisher	Penerbit Universiti Kebangsaan Malaysia
publishDate	2016
url	http://journalarticle.ukm.my/10787/ http://journalarticle.ukm.my/10787/ http://journalarticle.ukm.my/10787/1/jeko_50%282%29-13.pdf
first_indexed	2023-09-18T19:58:26Z
last_indexed	2023-09-18T19:58:26Z
_version_	1777406686370201600

Analysis of international capital mobility in ASEAN-5 countries: savings- investment Nexus

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