Abstract
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.
Original language | English |
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Pages (from-to) | 169-179 |
Number of pages | 11 |
Journal | Economics and Business Letters |
Volume | 7 |
Issue number | 4 |
DOIs | |
Publication status | Published - 23 Nov 2018 |
Externally published | Yes |
Keywords
- GDP
- Genuine progress
- Malaysia
- South Korea
- Sustainable growth