| ID | 165381 |
| Title Proper | Nexus between Fiscal Deficits and Economic Growth in ASEAN |
| Language | ENG |
| Author | Wee-Yeap Lau, Tien-Ming Yip ; Lau, Wee-Yeap ; Yip, Tien-Ming |
| Summary / Abstract (Note) | This study provides new evidence on the nexus between fiscal deficits and economic growth among ASEAN countries in the pre- and post-Global Financial Crisis (GFC) periods. Using annual data from 2001 to 2015, three results stand out. First, fiscal deficits are found to be growth-deteriorating in the pre-Crisis period and growth-enhancing in the post-Crisis period. Second, the impact of fiscal deficits on growth in pre- and post-GFC are robust to different measures of economic growth. Third, among control variables, inflation is important in influencing economic growth in the pre-Crisis period while exchange rate and inflow of foreign direct investment have a positive impact on growth in the post-Crisis period. |
| `In' analytical Note | Journal of Southeast Asian Economies (ASEAN Economic Bulletin Change the Name ) Vol. 36, No.1; Apr 2019: p. 25-36 |
| Journal Source | Journal of Southeast Asian Economies (ASEAN Economic Bulletin Change the Name ) 2019-04 36, 1 |
| Key Words | ASEAN ; Economic Growth ; Nexus ; Fiscal Deficits |