Managing financial globalization to promote economic growth in the ASEAN-6 countries

• Autorzy: Doan Thu-Trang Thi , Nguyen My-Linh Thi

Identyfikatory

DOI

10.17512/pjms.2024.29.1.05

Warianty tytułu

PL

Zarządzanie globalizacją finansową w celu promowania wzrostu gospodarczego w krajach ASEAN-6

• Języki publikacji: EN

Abstrakty

EN

The objective of this study is to analyze the impact of financial globalization on economic growth in the ASEAN-6 countries, which are the top 6 countries in the ASEAN region, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The authors use the Generalized Method of Moments (GMM) to estimate the research model. Additionally, the Bayesian method is also used to test robustness and further clarify estimation results. The results reveal that financial globalization positively affects economic growth in the ASEAN-6 countries, with a 100 percent probability of occurring. This is a new finding in this study compared to previous studies. Regarding control variables, the estimation results indicate that corruption control and government expenditure positively affect economic growth, while population growth negatively affects economic growth. The findings provide substantial empirical evidence for the ASEAN-6 countries, particularly in identifying appropriate solutions to promote financial globalization linked to economic growth in these countries.

PL

Celem niniejszego badania jest analiza wpływu globalizacji finansowej na wzrost gospodarczy w krajach ASEAN-6, czyli w pierwszej szóstce krajów regionu ASEAN, do których zaliczają się Indonezja, Malezja, Filipiny, Singapur, Tajlandia i Wietnam. . Do estymacji modelu badawczego autorzy wykorzystują Uogólnioną Metodę Momentów (GMM). Dodatkowo metoda Bayesa jest również wykorzystywana do testowania odporności i dalszego wyjaśniania wyników estymacji. Wyniki pokazują, że globalizacja finansowa pozytywnie wpływa na wzrost gospodarczy w krajach ASEAN-6, ze 100-procentowym prawdopodobieństwem wystąpienia. Jest to nowe odkrycie w tym badaniu w porównaniu z poprzednimi badaniami. Jeśli chodzi o zmienne kontrolne, wyniki szacunków wskazują, że kontrola korupcji i wydatki rządowe pozytywnie wpływają na wzrost gospodarczy, podczas gdy wzrost liczby ludności negatywnie wpływa na wzrost gospodarczy. Wyniki dostarczają istotnych dowodów empirycznych dla krajów ASEAN-6, szczególnie w zakresie identyfikacji odpowiednich rozwiązań promujących globalizację finansową powiązaną ze wzrostem gospodarczym w tych krajach.

Słowa kluczowe

EN

ASEAN-6; capital flow management; managing financial globalization; economic growth

PL

ASEAN-6; zarządzanie przepływem kapitału; zarządzanie globalizacją finansową; wzrost gospodarczy

• Wydawca: Czestochowa University of Technology
• Czasopismo: Polish Journal of Management Studies
• Rocznik: 2024
• Tom: Vol. 29, No. 1
• Strony: 82--96
• Opis fizyczny: Bibliogr. 42 poz., rys., tab.

Twórcy

autor

Doan Thu-Trang Thi

• School of Finance and Accounting, Industrial University of Ho Chi Minh City (IUH), Ho Chi Minh City, Vietnam

• https://orcid.org/0000-0003-1490-9824

autor

Nguyen My-Linh Thi

• Faculty of Finance and Banking, University of Finance – Marketing (UFM), Ho Chi Minh City, Vietnam

• https://orcid.org/0000-0001-7475-2502

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Uwagi

Opracowanie rekordu ze środków MNiSW, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2024).