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Bantuan Kewangan dan Pembangunan Ekonomi di ASEAN: Hipotesis Kuznets

Author

Listed:
  • Muhammad, Fidlizan

    (Jabatan Ekonomi Universiti Pendidikan Sultan Idris 35900 Tanjong Malim Perak, MALAYSIA)

  • Abdul Razak, Azila

    (Jabatan Ekonomi Universiti Pendidikan Sultan Idris 35900 Tanjong Malim Perak, MALAYSIA)

  • Mohd Hussin, Mohd Yahya

    (Jabatan Ekonomi Universiti Pendidikan Sultan Idris 35900 Tanjong Malim Perak, MALAYSIA)

Abstract

This article aims to study the extent of foreign financial aid significance on economic development. Four economic indicators are used to measure the analyzed financial aid, namely the economic growth rate, education index, life expectancy rate and human development index; and this is done through the panel data technique. The period of study is from year 2000 until 2012 involving 7 ASEAN countries. The regression outcome finds that financial aid significantly assists the ASEAN countries to achieve their development goals. Negative coefficient for quadratic variable of total aid proves that Aid-Kuznets inverted U-hypothesis occurs and the received financial aids have been efficiently utilized. In relation to that, the finding of this study implicates that foreign financial aid is crucial in supporting the development of a country. This can only be achieved through efficient expenditure of the received financial aid.

Suggested Citation

  • Muhammad, Fidlizan & Abdul Razak, Azila & Mohd Hussin, Mohd Yahya, 2016. "Bantuan Kewangan dan Pembangunan Ekonomi di ASEAN: Hipotesis Kuznets," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 50(1), pages 99-110.
    • Handle: RePEc:ukm:jlekon:v:50:y:2016:i:1:p:99-110
    DOI: http://dx.doi.org/10.17576/JEM-2016-5001-08
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