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Jurnal Ekonomi Malaysia

50 (1) 2016 99 – 110

Bantuan Kewangan dan Pembangunan Ekonomi di ASEAN: Hipotesis Kuznets
Financial Aid and Economic Development of ASEAN: Kuznets Hypothesis Financial Aid and Economic Development of ASEAN: Kuznets Hypothesis

Jabatan Ekonomi
Universiti Pendidikan Sultan Idris
35900 Tanjong Malim
Perak, MALAYSIA

fidlizan@fpe.upsi.edu.my

Jabatan Ekonomi
Universiti Pendidikan Sultan Idris
35900 Tanjong Malim
Perak, MALAYSIA

azila@fpe.upsi.edu.my

Jabatan Ekonomi
Universiti Pendidikan Sultan Idris
35900 Tanjong Malim
Perak, MALAYSIA

yahya@fpe.upsi.edu.my

Abstract

This article aims to study the extent of foreign financial aid significance on economic development. Four economic indicators are used to measure the analyzed financial aid, namely the economic growth rate, education index, life expectancy rate and human development index; and this is done through the panel data technique. The period of study is from year 2000 until 2012 involving 7 ASEAN countries. The regression outcome finds that financial aid significantly assists the ASEAN countries to achieve their development goals. Negative coefficient for quadratic variable of total aid proves that Aid-Kuznets inverted U-hypothesis occurs and the received financial aids have been efficiently utilized. In relation to that, the finding of this study implicates that foreign financial aid is crucial in supporting the development of a country. This can only be achieved through efficient expenditure of the received financial aid.

Keywords

Aid-Kuznets; ASEAN; development financial aid; inverted U-hypothesis; panel

Author’s Acknowledgement

Geran bagi melaksanakan kajian ini diberikan oleh Pusat Pengurusan Penyelidikan dan Inovasi (RMIC-UPSI), RAGS 2013-0147-106-72.

http://dx.doi.org/10.17576/JEM-2016-5001-08
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Bibliography

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Muhammad, , Abdul Razak, , & Mohd Hussin, (2016). Bantuan Kewangan dan Pembangunan Ekonomi di ASEAN: Hipotesis Kuznets. Jurnal Ekonomi Malaysia, 50(1), 99–110. http://dx.doi.org/10.17576/JEM-2016-5001-08

@article{muhammad2016bantuan,
  title={Bantuan Kewangan dan Pembangunan Ekonomi di ASEAN: Hipotesis Kuznets},
  author={Muhammad, Fidlizan and Abdul Razak, Azila and Mohd Hussin, Mohd Yahya},
  journal={Jurnal Ekonomi Malaysia},
  volume={50},
  number={1},
  pages={99—110},
 

year={2016},
}

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