Jurnal Ekonomi Malaysia
49 (1) 2015 61 – 70
Jabatan Ekonomi
Universiti Pendidikan Sultan Idris
35900 Tanjong Malim
Perak, MALAYSIA
Jabatan Ekonomi
Universiti Pendidikan Sultan Idris
35900 Tanjong Malim
Perak, MALAYSIA
Jabatan Ekonomi
Universiti Pendidikan Sultan Idris
35900 Tanjong Malim
Perak, MALAYSIA
Abstract
This paper aims to study the causal relationship between the financial aid received by ASEAN countries with three economic development indicators namely the education index, the life expectancy index and the human development index which is estimated using the method of dynamic panel data. The period of study begins from 2000 to 2012 consisting seven ASEAN countries. The finding of the study finds that foreign financial aid positively influences the three development indicators in the long run. In the short run, this variable shows a positive and significant relationship with the life expectancy index but negative towards the education index. This study implicates that financial aid is important for developing countries to achieve the goal of development policy.
Keywords
Author’s Acknowledgement
Penyelidikan ini dibiayai oleh Pusat Pengurusan Penyelidikan dan Inovasi (RMIC-UPSI), RAGS 2013-0147- 106-72.
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Bibliography
@article{muhammad2015kesan,
title={Kesan Bantuan Kewangan Luar terhadap Indikator Pembangunan di ASEAN: Analisis Panel},
author={Muhammad, Fidlizan and Abdul Razak, Azila and Mohd Hussin, Mohd Yahya},
journal={Jurnal Ekonomi Malaysia},
volume={49},
number={1},
pages={61—70},
}
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