GDP vs genuine progress quantification of economic performance in South Korea and Malaysia

• Hashim, Mastura ^[1] ; Mohammad Sifat, Imtiaz ^[1] ; Mohamad, Azhar ^[1]
  1. [1] International Islamic University Malaysia

     International Islamic University Malaysia

     Malasia

     
• Localización: Economics and Business Letters, ISSN-e 2254-4380, Vol. 7, Nº. Extra 4, 2018 (Ejemplar dedicado a: Gambling Economics and Management), págs. 169-178
• Idioma: inglés
• Enlaces
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• Resumen

  • 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.