Developing economies as well as developed economies recognized appropriate tourism policies will be an important factor in promoting economic growth. BIMP-EAGA (Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area) was conceived with the objective to speed up economic development among...

The hypothesized trade-off relationship between inflation rate and unemployment rate has been known as the “Phillips curve”. Though the Phillips curve has played an important role in the decision-making process on macroeconomic policy, there have been critics who doubted the existence of the...

The hypothesized trade-off relationship between inflation rate and unemployment rate has been known as the “Phillips curveâ€. Though the Phillips curve has played an important role in the decision-making process on macroeconomic policy, there have been critics who doubted the existence...

This study employs Hansen's (2000) threshold regression analysis to examine the relationship between population growth and per capita GDP in 117 countries. Threshold regression analysis allows controlling the quality of population when examining the relationship between the quantity of...

This study investigated stationary process in real per capita Gross Domestic Product (GDP) in nine ASEAN countries, namely, Brunei, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam. It employed both the ‘first generation' and the ‘second...

This paper uses the Generalized Method of Moments (GMM)-type of estimator of Arellano and Bond (1991) to analyze the dynamics of adjustment in foreign aid allocation over the period 2000-2005. The empirical findings reveal a complex nature of foreign aid allocations. On the one hand, the static...

This paper chose Singapore as a case study to investigate whether population growth can contribute to economic development. It employed four different single-equation tests for cointegration, namely, 1) ordinary least squares, 2) fully modified ordinary least squares, 3) canonical cointegration...

A rapid export growth in East Asia was once identified as a source of the sustainable economic development that the region enjoyed. However, the current global recession has turned exports from an economic virtue to a vice. There is a growing awareness that a heavy reliance on exports has caused...

A rapid export growth in East Asia was once identified as a source of the sustainable economic development that the region enjoyed. However, the current global recession has turned exports from an economic virtue to a vice. There is a growing awareness that a heavy reliance on exports has caused...

This paper uses the Generalized Method of Moments (GMM)-type of estimator of Arellano and Bond (1991) to analyze the dynamics of adjustment in foreign aid allocation over the period 2000-2005. The empirical findings reveal a complex nature of foreign aid allocations. On the one hand, the static...