IDEAS home Printed from https://ideas.repec.org/a/icf/icfjfe/v08y2010i3p38-48.html
   My bibliography  Save this article

Empirical Evidence on Capital Mobility in Four ASEAN Countries

Author

Listed:
  • Goh Soo Khoon
  • Kong Seow Shin

Abstract

This paper examines the degree of capital mobility in four ASEAN countries, namely, Malaysia, Singapore, Thailand and the Philippines. The model of Shibata and Shintani (1998) and the extension model by Cooray (2005) are used to examine the degree of international capital mobility in these countries. The results show that capital seems to be mobile in Malaysia and Thailand, but not in the Philippines and Singapore. Nevertheless, the results suggest that the interest rate differential is not related to changes in consumption in all the four countries. This paper also highlights the importance of incorporating strong instrumental variables in any GMM estimation.

Suggested Citation

  • Goh Soo Khoon & Kong Seow Shin, 2010. "Empirical Evidence on Capital Mobility in Four ASEAN Countries," The IUP Journal of Financial Economics, IUP Publications, vol. 0(3), pages 38-48, September.
    • Handle: RePEc:icf:icfjfe:v:08:y:2010:i:3:p:38-48
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:icf:icfjfe:v:08:y:2010:i:3:p:38-48. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: G R K Murty (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.