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Managing Growth: The Role of Export, Inflation and Investment in Three ASEAN Neighboring Countries

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  • Audrey Liwan
  • Evan Lau

Abstract

This study investigates the relationship between export, inflation, investment and economic growth for the three ASEAN countries, namely Indonesia, Malaysia and Thailand. In general, the results reveal that export has a positive impact on growth. As for, Malaysia and Thailand, inflation has a negative impact on growth; while for Indonesia it has a positive impact. The inflation rate for Indonesia has remained more or less consistent over several years, which has led to the positive relationship between inflation and growth. However, modest increase in the rate of inflation has also been noticed in certain years. The results show that investment has a positive impact on growth for Indonesia, Malaysia and Thailand.

Suggested Citation

  • Audrey Liwan & Evan Lau, 2007. "Managing Growth: The Role of Export, Inflation and Investment in Three ASEAN Neighboring Countries," The IUP Journal of Managerial Economics, IUP Publications, vol. 0(4), pages 7-16, November.
  • Handle: RePEc:icf:icfjme:v:05:y:2007:i:4:p:7-16
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    References listed on IDEAS

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    1. Judith Giles & Cara Williams, 2001. "Export-led growth: a survey of the empirical literature and some non-causality results. Part 2," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 9(4), pages 445-470.
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    Cited by:

    1. Bee Wah Tan & Chor Foon Tang, 2016. "Examining the Causal Linkages among Domestic Investment, FDI, Trade, Interest Rate and Economic Growth in ASEAN-5 Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 6(1), pages 214-220.
    2. Lee, Chin, 2013. "The Role of Macroeconomic Fundamentals in Malaysian Post Recession Growth," MPRA Paper 44808, University Library of Munich, Germany.
    3. Lim, Shiok Ye & Ho, Chong Mun, 2013. "Nonlinearity in ASEAN-5 export-led growth model: Empirical evidence from nonparametric approach," Economic Modelling, Elsevier, vol. 32(C), pages 136-145.

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    JEL classification:

    • F0 - International Economics - - General

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