{"id":"https://openalex.org/W1594874653","doi":"https://doi.org/10.13122/sand_27394","title":"Does financial development cause economic growth in the ASEAN-4 Countries?","display_name":"Does financial development cause economic growth in the ASEAN-4 Countries?","publication_year":2007,"publication_date":"2007-01-01","ids":{"openalex":"https://openalex.org/W1594874653","doi":"https://doi.org/10.13122/sand_27394","mag":"1594874653"},"language":"en","primary_location":{"id":"pmh:oai:aisberg.unibg.it:10446/27394","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10446/27394","pdf_url":"http://hdl.handle.net/10446/27394","source":{"id":"https://openalex.org/S4377196347","display_name":"Aisberg (University of Bergamo)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I11039511","host_organization_name":"University of Bergamo","host_organization_lineage":["https://openalex.org/I11039511"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"},"volume":null,"type":"article","indexed_in":["datacite"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/10446/27394","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5007227350","display_name":"M. Shabri Abd. Majid","orcid":"https://orcid.org/0000-0003-3558-8783","observed_orcids":["https://orcid.org/0000-0003-3558-8783"]},"institutions":[{"id":"https://openalex.org/I4164984","display_name":"International Islamic University Malaysia","ror":"https://ror.org/03s9hs139","country_code":"MY","type":"education","lineage":["https://openalex.org/I4164984"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"MAJID, M. SHABRI A.B.D.","raw_affiliation_strings":["#N#                  International Islamic University, Malaysia#N#"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"#N#                  International Islamic University, Malaysia#N#","institution_ids":["https://openalex.org/I4164984"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5028312785","display_name":"Mahrizal Mahrizal","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"MAHRIZAL","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.2951,"has_fulltext":true,"cited_by_count":25,"citation_normalized_percentile":{"value":0.88798598,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":null,"issue":"4","first_page":"369","last_page":"398"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-development","display_name":"financial development","score":0.9760000109672546},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":1.0},{"id":"https://openalex.org/keywords/finance-growth-nexus","display_name":"finance-growth nexus","score":0.9430000185966492},{"id":"https://openalex.org/keywords/asean-4","display_name":"ASEAN-4","score":0.8730000257492065},{"id":"https://openalex.org/keywords/financial-depth","display_name":"financial depth","score":0.531000018119812},{"id":"https://openalex.org/keywords/investment-share","display_name":"investment share","score":0.7089999914169312},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.9779999852180481},{"id":"https://openalex.org/keywords/price-stability","display_name":"price stability","score":0.8569999933242798},{"id":"https://openalex.org/keywords/causality-between-finance-and-growth","display_name":"causality between finance and growth","score":0.7839999794960022},{"id":"https://openalex.org/keywords/banking","display_name":"banking sector","score":0.5960000157356262},{"id":"https://openalex.org/keywords/stock-market","display_name":"stock market","score":0.9580000042915344},{"id":"https://openalex.org/keywords/financial-institutions","display_name":"financial institutions","score":0.4259999990463257},{"id":"https://openalex.org/keywords/indonesia","display_name":"Indonesia","score":0.5920000076293945},{"id":"https://openalex.org/keywords/malaysia","display_name":"Malaysia","score":1.0},{"id":"https://openalex.org/keywords/thailand","display_name":"Thailand","score":1.0},{"id":"https://openalex.org/keywords/philippines","display_name":"Philippines","score":1.0}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7625739574432373},{"id":"https://openalex.org/C159009313","wikidata":"https://www.wikidata.org/wiki/Q5283159","display_name":"Distributed lag","level":2,"score":0.701922595500946},{"id":"https://openalex.org/C129824826","wikidata":"https://www.wikidata.org/wiki/Q2630107","display_name":"Granger causality","level":2,"score":0.6391533613204956},{"id":"https://openalex.org/C64357122","wikidata":"https://www.wikidata.org/wiki/Q1149766","display_name":"Causality (physics)","level":2,"score":0.5755982398986816},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.5264281034469604},{"id":"https://openalex.org/C148609458","wikidata":"https://www.wikidata.org/wiki/Q7021281","display_name":"Nexus (standard)","level":2,"score":0.4691642224788666},{"id":"https://openalex.org/C134024062","wikidata":"https://www.wikidata.org/wiki/Q1401229","display_name":"Error correction model","level":3,"score":0.4650844931602478},{"id":"https://openalex.org/C204208750","wikidata":"https://www.wikidata.org/wiki/Q1519415","display_name":"Short run","level":2,"score":0.43223658204078674},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4285215735435486},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.338745653629303},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.2851960062980652},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C149635348","wikidata":"https://www.wikidata.org/wiki/Q193040","display_name":"Embedded system","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:aisberg.unibg.it:10446/27394","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10446/27394","pdf_url":"http://hdl.handle.net/10446/27394","source":{"id":"https://openalex.org/S4377196347","display_name":"Aisberg (University of Bergamo)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I11039511","host_organization_name":"University of Bergamo","host_organization_lineage":["https://openalex.org/I11039511"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"},{"id":"mag:1594874653","doi":null,"is_oa":false,"landing_page_url":"http://repo.uum.edu.my/2435/1/M.Shabri.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S2764750960","display_name":"Savings and Development","issn_l":"0393-4551","issn":["0393-4551"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","poland-20"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Savings and Development","raw_type":null},{"id":"doi:10.13122/sand_27394","doi":"https://doi.org/10.13122/sand_27394","is_oa":true,"landing_page_url":"https://doi.org/10.13122/sand_27394","pdf_url":null,"source":{"id":"https://openalex.org/S7407050984","display_name":"Universit\u00e0 degli Studi di Bergamo","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article-journal"}],"best_oa_location":{"id":"pmh:oai:aisberg.unibg.it:10446/27394","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10446/27394","pdf_url":"http://hdl.handle.net/10446/27394","source":{"id":"https://openalex.org/S4377196347","display_name":"Aisberg (University of Bergamo)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I11039511","host_organization_name":"University of Bergamo","host_organization_lineage":["https://openalex.org/I11039511"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.7257999777793884,"id":"https://metadata.un.org/sdg/8"}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1594874653.pdf","grobid_xml":"https://content.openalex.org/works/W1594874653.grobid-xml"},"referenced_works_count":46,"referenced_works":["https://openalex.org/W43800846","https://openalex.org/W369412198","https://openalex.org/W575712408","https://openalex.org/W1496447382","https://openalex.org/W1537886219","https://openalex.org/W1559216793","https://openalex.org/W1571142392","https://openalex.org/W1598097039","https://openalex.org/W1654512807","https://openalex.org/W1899369799","https://openalex.org/W1966910378","https://openalex.org/W1967813957","https://openalex.org/W1973682211","https://openalex.org/W1982091428","https://openalex.org/W1993536800","https://openalex.org/W1993622537","https://openalex.org/W1997170008","https://openalex.org/W2019459021","https://openalex.org/W2028363254","https://openalex.org/W2039882728","https://openalex.org/W2043753471","https://openalex.org/W2050288963","https://openalex.org/W2050815921","https://openalex.org/W2051438039","https://openalex.org/W2061721471","https://openalex.org/W2068860674","https://openalex.org/W2070631858","https://openalex.org/W2074924052","https://openalex.org/W2077358653","https://openalex.org/W2077623207","https://openalex.org/W2078556006","https://openalex.org/W2078618079","https://openalex.org/W2099268311","https://openalex.org/W2099744804","https://openalex.org/W2105717288","https://openalex.org/W2151102558","https://openalex.org/W2153549067","https://openalex.org/W2162332441","https://openalex.org/W2318968893","https://openalex.org/W2736894358","https://openalex.org/W2972544966","https://openalex.org/W3015177256","https://openalex.org/W3021643362","https://openalex.org/W3121164101","https://openalex.org/W3122812532","https://openalex.org/W3141031004"],"related_works":["https://openalex.org/W7100108677","https://openalex.org/W598229154","https://openalex.org/W2084936025","https://openalex.org/W1525573755","https://openalex.org/W2217729729","https://openalex.org/W3124542772","https://openalex.org/W3216646764","https://openalex.org/W7099498698","https://openalex.org/W1644284881","https://openalex.org/W2271940174"],"abstract_inverted_index":{"This":[0],"paper":[1],"empirically":[2],"examines":[3],"the":[4,11,16,24,35,41,47,57,60,81,100,137,142,158,162,177,179,182,187,197,201,204,222,235,242,248],"short-":[5],"and":[6,23,51,74,92,112,151,166,195],"long-run":[7,64],"finance-growth":[8],"nexus":[9],"during":[10],"post-1997":[12],"financial":[13,93,239],"crisis":[14],"in":[15,114,133,153,155,176,203,221,241],"ASEAN-4":[17,223],"countries":[18,88],"(i.e.,":[19],"Indonesia,":[20,115],"Malaysia,":[21,134],"Thailand":[22],"Philippines)":[25],"by":[26],"employing":[27],"battery":[28],"of":[29,72,84,121,237],"times":[30],"series":[31],"techniques":[32],"such":[33],"as":[34,245,247],"autoregressive":[36],"distributed":[37],"lag":[38],"(ARDL)":[39],"model,":[40,59],"vector":[42],"error":[43],"correction":[44],"model":[45],"(VECM),":[46],"variance":[48],"decompositions":[49],"(VDCs)":[50],"impulse-response":[52],"functions":[53],"(IRFs).":[54],"Based":[55,192],"on":[56,99,193,210],"ARDL":[58],"study":[61,77,198],"documents":[62],"a":[63,125,146,168],"equilibrium":[65],"between":[66,110,149],"economic":[67,85,205],"growth,":[68],"finance":[69,111,130,150,175,184],"depth,":[70],"share":[71],"investment":[73],"inflation.":[75],"The":[76],"also":[78],"finds":[79],"that":[80,104,200],"common":[82],"sources":[83],"progress/regress":[86],"among":[87],"are":[89],"price":[90],"stability":[91],"development.":[94],"Granger":[95],"causality":[96,109,127,148,164,170],"tests":[97],"based":[98],"VECM":[101],"further":[102],"reveals":[103],"there":[105],"is:":[106],"(i)":[107],"no":[108],"growth":[113,132,152,173,206,220],"which":[116],"confirms":[117],"?the":[118],"independent":[119],"hypothesis?":[120,140,160,185],"Lucas":[122],"(1988);":[123],"(ii)":[124],"unidirectional":[126,169],"running":[128],"from":[129,172],"to":[131,174,218,229,234],"thus":[135],"supporting":[136],"?finance-growth":[138],"led":[139],"or":[141,161,186],"?supply-leading":[143],"view?;":[144,165],"(iii)":[145],"bidirectional":[147],"Thailand,":[154],"accord":[156],"with":[157],"?feedback":[159],"?bidirectional":[163],"(iv)":[167],"stemming":[171],"Philippines,":[178],"finding":[180],"echoing":[181],"?growth-led":[183],"Robinson?s":[188],"(1952)":[189],"?demand-following":[190],"view?.":[191],"VDCs":[194],"IRFs,":[196],"discovers":[199],"variations":[202],"rely":[207],"very":[208],"much":[209],"its":[211],"own":[212],"innovations.":[213],"If":[214],"policy":[215],"makers":[216],"want":[217],"promote":[219],"countries,":[224],"priority":[225],"should":[226],"be":[227],"given":[228],"long":[230],"run":[231],"policies,":[232],"i.e.,":[233],"enhancement":[236],"existing":[238],"institutions":[240],"banking":[243],"sector":[244],"well":[246],"stock":[249],"market.":[250]},"counts_by_year":[{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2}],"updated_date":"2026-09-26T08:19:03.415552","created_date":"2016-06-24T00:00:00"}
