The Impact of Capital Flows from Commercial Banks and FDI on Sustainable Economic Growth in ASEAN Countries

IF 2.4 Q2 ECONOMICS

Contemporary Economics Pub Date : 2022-09-06 DOI:10.5709/ce.1897-9254.487

L. Tran

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引用次数: 0

Abstract

The paper is aimed at assessing the impact of capital flows from commercial banks and FDI on sustainable economic growth in ASEAN countries. The study has conducted quantitative secondary analysis on data collected from 1980 to 2018 for Thailand, Vietnam and Malaysia. Descriptive statistics, correlation and ARDL are applied to measure the impact of each variable on sustainable economic growth. The study has shown a significant long-run relationship of short-term debt, long-term debt, technology, capital flows and savings and investment on sustainable economic growth. Short-term debt is found to have a negative impact in the long run. The short-run relationship between long-term debt, short-term and sustainable economic growth is significant while insignificant for all other variables. The study is useful for countries that are aiming for sustainable economic growth since all the factors are helpful to consider. Future researchers can use other regions to empirically examine the same model. The study is focused on only 3 countries from ASEAN countries and is only focused on one region. As economic and political scenarios different, results might not be same in other parts of the world.

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商业银行资本流动和外商直接投资对东盟国家可持续经济增长的影响

本文旨在评估商业银行资本流动和外国直接投资对东盟国家可持续经济增长的影响。该研究对泰国、越南和马来西亚1980年至2018年收集的数据进行了定量的二次分析。运用描述性统计、相关性和ARDL来衡量各变量对可持续经济增长的影响。这项研究表明，短期债务、长期债务、技术、资本流动、储蓄和投资对可持续经济增长具有重要的长期关系。研究发现，短期债务在长期内具有负面影响。长期债务与短期和可持续经济增长之间的短期关系是显著的，而对所有其他变量都不重要。这项研究对那些以可持续经济增长为目标的国家是有用的，因为所有的因素都是有益的。未来的研究人员可以使用其他地区对同一模型进行实证检验。该研究只关注东盟国家中的3个国家，并且只关注一个地区。由于经济和政治情况不同，世界其他地区的结果可能不一样。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Contemporary Economics ECONOMICS-

CiteScore

3.70

自引率

9.50%

发文量

审稿时长

24 weeks

期刊介绍： The mission of the Contemporary Economics is to publish advanced theoretical and empirical research in economics, finance, accounting and management with the noticeable contribution and impact to the development of those disciplines and preferably with practice relevancies. All entirety of methods is desirable, including a falsification of conventional understanding, theory building through inductive or qualitative research, first empirical testing of a theory, meta-analysis with theoretical implications, constructive replication that clarifies the boundaries or range of a theory for theoretical research as well as qualitative, quantitative, field, laboratory, meta-analytic, and combination for an empirical research. This clear priority for comprehensive manuscripts containing a methodology-based theoretical and empirical research with implications and recommendations for policymaking does not exclude manuscripts entirely focused on theory or methodology. Manuscripts that raise significant, actual topics of international relevance will be highly appreciated. The interdisciplinary approach including – besides economic, financial, accounting or managerial –also other aspects, is welcomed.