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Jurnal Ekonomi Malaysia

49 (1) 2015 61 – 70

Kesan Bantuan Kewangan Luar terhadap Indikator Pembangunan di ASEAN: Analisis Panel
The Effect of Foreign Financial Aid on ASEAN Development Indicator: Panel Analysis

Jabatan Ekonomi
Universiti Pendidikan Sultan Idris
35900 Tanjong Malim
Perak, MALAYSIA

fidlizan@fpe.upsi.edu.my

Jabatan Ekonomi
Universiti Pendidikan Sultan Idris
35900 Tanjong Malim
Perak, MALAYSIA

azila@fpe.upsi.edu.my

Jabatan Ekonomi
Universiti Pendidikan Sultan Idris
35900 Tanjong Malim
Perak, MALAYSIA

yahya@fpe.upsi.edu.my

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

ASEAN; causal; Development; Financial aid; panel

Author’s Acknowledgement

Penyelidikan ini dibiayai oleh Pusat Pengurusan Penyelidikan dan Inovasi (RMIC-UPSI), RAGS 2013-0147- 106-72.

http://dx.doi.org/10.17576/JEM-2015-4901-06
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Bibliography

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Muhammad, , Abdul Razak, , & Mohd Hussin, (2015). Kesan Bantuan Kewangan Luar terhadap Indikator Pembangunan di ASEAN: Analisis Panel. Jurnal Ekonomi Malaysia, 49(1), 61–70. http://dx.doi.org/10.17576/JEM-2015-4901-06

@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},
 

year={2015},
}

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