/jurnalpengurusan Wed, 12 Oct 2022 12:56:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 /jurnalpengurusan/article/east-asian-bond-markets-and-economic-growth/?utm_source=rss&utm_medium=rss&utm_campaign=east-asian-bond-markets-and-economic-growth Sat, 08 Oct 2022 20:16:38 +0000 /jurnalpengurusan/?post_type=article&p=3754 Although the relationship between the stock market and growth has attracted many researchers, the number of studies that have been carried out into the links between debt and growth is very limited. This article examines the relationship between debt markets and economic growth. Three categories of debts are considered in this analysis, using data from China, Hong Kong, Japan, South Korea, and Thailand for the years 2002-2009. The results show that public and private debts have contributed significantly to the growth of the region. The significant contribution of debt markets to GDP, however, is not common for all the countries in the sample and varies according to the category of debts issued. Both public and foreign currency debts have contributed in a significantly positive way to South Korea’s GDP, but only public debt contributes in a significantly positive way to the growth of China and Hong Kong. As for Japan, none of the debt markets has had any impact on its GDP.

]]> /jurnalpengurusan/article/foreign-direct-investment-financial-development-and-economic-growth-a-panel-data-analysis/?utm_source=rss&utm_medium=rss&utm_campaign=foreign-direct-investment-financial-development-and-economic-growth-a-panel-data-analysis Sat, 08 Oct 2022 11:28:10 +0000 /jurnalpengurusan/?post_type=article&p=2551 This study investigates the effects of financial development in enabling foreign direct investment to promote economic growth. A sample of 65 developing countries is examined over the period of 2009 to 2015 with the dynamic panel estimation by using Generalized Method of Moment (GMM). Financial development is measured using three financial indicators and an index of financial development is constructed based on the following indicators: domestic credit to private sector, liquid liabilities and private credit by banks. The results demonstrate that the financial development index contributes positively and higher than each financial development proxy in influencing the effects of FDI on economic growth. However, FDI influence negative effect in the group of countries of low level of financial development. Thus, it suggests that financial development need to be increased and serves as a form of absorptive capacity that enable the positive growth effects of FDI in the recipient countries.

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