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

Autores/as

  • 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

Resumen

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.

Biografía del autor/a

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

Citas

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Othman, J., Jafari, Y., & Sarmidi, T. (2014). Economic growth, foreign direct investment, macroeconomic conditions and sustainability in Malaysia. Applied Econometrics and International Development, 14(1), 215-226.

Posner, S. M., & Costanza, R. (2011). A summary of ISEW and GPI studies at multiple scales and new estimates for Baltimore City, Baltimore County, and the State of Maryland. Ecological Economics, 70(11), 1972–1980. doi:10.1016/j.ecolecon.2011.05.004

Talberth, J., & Bohara, A. K. (2006). Economic openness and green GDP. Ecological Economics, 58(4), 743-758.

Talberth, J., Cobb, C., & Slattery, N. (2007). The Genuine Progress Indicator 2006: A Tool for Sustainable Development. Redefining Progress, (510), 1–31.

Zumkehr, H. J., & Andriesse, E. (2008). Malaysia and South Korea: A decade after the Asian financial crisis. Chulalongkorn Journal of Economics, 20(1), 1-26.

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Publicado

2018-11-23

Cómo citar

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

Número

Vol. 7 Núm. 4 (2018): December - Special Issue Gambling Economics and Management

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