GDP vs genuine progress quantification of economic performance in South Korea and Malaysia

Authors

  • Mastura Hashim International Islamic University Malaysia
  • Imtiaz Mohammad Sifat International Islamic University Malaysia
  • Azhar Mohamad International Islamic University Malaysia http://orcid.org/0000-0002-1075-598X

DOI:

https://doi.org/10.17811/ebl.7.4.2018.169-178

Abstract

Malaysia and South Korea, successful graduates of Asian Financial Crisis, employed different paths to recovery via Capital Control and IMF bail-out respectively. This paper tracks recovery trajectories of the two nations via orthodox and emergent growth indicators: GDP and GPI. We report unemployment, open-trade, fixed capital accumulation, and prior crisis to be influential determinants of both metrics, while credit and foreign exchange rate lack significance.

Author Biography

Azhar Mohamad, International Islamic University Malaysia

Assoc. Prof. Dr Azhar MohamadDepartment of FinanceKulliyyah of Economics and Management SciencesInternational Islamic University Malaysia53100 Kuala Lumpur, MalaysiaTel: +603-6196 4752

References

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Published

2018-11-23

How to Cite

Hashim, M., Mohammad Sifat, I., & Mohamad, A. (2018). GDP vs genuine progress quantification of economic performance in South Korea and Malaysia. Economics and Business Letters, 7(4), 169-178. https://doi.org/10.17811/ebl.7.4.2018.169-178