BALANCE OF PAYMENT CONSTRAINT GROWTH: The Case Of Selected Asean Countries

dc.contributor.authorHasanah, Alfiah
dc.date.accessioned2011-05-21T01:43:51Z
dc.date.accessioned2019-10-22T02:03:20Z
dc.date.available2011-05-21T01:43:51Z
dc.date.available2019-10-22T02:03:20Z
dc.date.issued2005-05
dc.description.abstractThis study provides an empirical evidence of the economic performance of the four ASEAN countries: Indonesia, Malaysia. The Philippines and Thailand based on the application of Thirlwall & Hussain law (1979,1982). In the model developed by Thirlwall and Hussain (I 979,1982) the expenditure of a country cannot definitely grow faster than income and the economic performance of a country is constrained by its balance of payment position. So it is therefore argued that over the long run countries will grow at a rate consistent with the equilibrium in their balance of payment. The empirical results of this paper indicates that the economic growth of these four countries is constrained by their balance of payment position particularly the constraint on demand since the evidence shows that there is a close association between the income growth predicted by the Thirlwall & Hussain's Balance of Payment Constraint (BPC) growth model to the actual growth during the 1970-1 998 period. The empirical findings also supported the Thirllwall & Hussain 's expectation that their extended version of the BPC model will give a closer prediction of the actual growth than that predicted by the BPC simple model developed by Thirlwall(l979).en_US
dc.identifier.issn1693-8305
dc.identifier.urihttp://repository.widyatama.ac.id/handle/123456789/1536
dc.language.isootheren_US
dc.publisherJurnal Bisnis, Manajemen & Ekonomi Vol 6 No. 4, Universitas Widyatamaen_US
dc.relation.ispartofseries;JUR 0011
dc.subject-en_US
dc.titleBALANCE OF PAYMENT CONSTRAINT GROWTH: The Case Of Selected Asean Countriesen_US
dc.title.alternativeJURNAL BISNIS, MANAJEMEN & EKONOMI Vol.6 No.4 Mei 2005en_US
dc.typeOtheren_US
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