ARTÍCULO
TITULO

The Role of Domestic Private Investment in Promoting Per Capita Income Convergence amongst Association of Southeast Asian Nations-5 Economies

Sallahuddin Hassan    
Musa Murtala    

Resumen

Using data spanning 1980-2014, this study investigates the phenomena of per capita income convergence across a panel of ASEAN-5 economies. The study also delves on the role of domestic private investment in facilitating per capita income convergence amongst the economies. Employing SURADF test to investigate per capita income convergence of the countries to the group average, it was observed that, as opposed to Malaysia and Singapore, economies of Indonesia, Philippines and Thailand tend convergence to the group average. On the impact of gross domestic investment on per capita income convergence, results from system Generalized Method of Moments (GMM) indicate that GDP gap ratio between a pair of economies tend to diminish with a reduction in the gross domestic investment gap ratio between the economies.Keywords: Convergence; Domestic capital formation; SURADF; Generalized Method of Moments; ASEAN-5.JEL Classifications: E31, E52, E58

 Artículos similares

       
 
Amzul Rifin, Dahlia Nauly     Pág. 32 - 42
In the globalization era, ICT has important role in firm?s ability to export their products. Theobjective of this research is to analyze the impact of ICT on the ability of Indonesia?s firm to exporttheir product. Two ICT methods are analyzed, email and ... ver más

 
Muhammad Taufik Radhianshah,Akhmad Syakir Kurnia     Pág. in press
Financial globalization has evolved from domestic policy to international scope policy. One of its form is Capital account liberalization which we can observe from the declining number of restrictions among countries for cross-border financial transactio... ver más

 
Muhammad Taufik Radhianshah,Akhmad Syakir Kurnia     Pág. 12 - 22
Financial globalization has evolved from domestic policy to international scope policy. One of its form is capital liberalization which we can observe from the declining number of restrictions among countries for cross-border financial transaction, and t... ver más

 
Margaret R. Magwedere,Joseph Chisasa,Godfrey Marozva    
AbstractOrientation: Access to and use of formal finance can be an epitome for poverty reduction in developing and transitional economies. Most of these economies experienced great growth in gross domestic product (GDP) compounded with exploding inequali... ver más

 
Kuan-Chieh Chen     Pág. 96 - 103
Most studies continue to analyze oil shocks. Earlier authors recognize that oil price volatility plays a critical role in the economy. There is accordingly evidence that oil price shocks negatively impact real gross domestic product (GDP) growth rates an... ver más