Economic crises on Asia's economic growth for the period 1990-2012 triggered a comparative study
DOI:
https://doi.org/10.25007/ajnu.v8n1a316Abstract
There are many mistakes that have been made in dealing with countries with economic crises such as the Asian crisis of 1997, 2002 and the world in 2008. The most important factors causing the disturbances were identified: the volatile flow of foreign capital and the deterioration of external demand on Asian goods, assuming that the increase in volatility is due to increasing interdependence and global openness in International markets. This study carried out a number of attempts using GMM to test the effects of crises in a number of Asian countries during the period 1990-2012. The most important conclusion is that the sudden suspension of foreign capital during the 2008 global crisis had the biggest negative impact on the volatility of economic growth in Asia, while exports had a positive role in covering the trade deficit and stimulating economic growth.
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