International Capital Movements in the SEACEN Countries
This study attempts to observe the trends and patterns of capital flow in the SEACEN countries, review the major policy implementation and examine the impact of capital inflows, especially on growth and savings. Among others, this study, using the stationarity test on the time-series data, attempts to further clarify the empirical relationship between savings and investment, together with an assessment of impact analysis as well as the causality test between foreign capital, growth and savings. As shown in the study, the empirical tests are more significant in those country cases which have had macroeconomic stability and hence, with a good track record of economic growth.
|This book is provided by South East Asian Central Banks (SEACEN) Research and Training Centre in its series Research Studies with number rp31 and published in 1995.|
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