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The Study on Capital Market Contribution to Economic Growth in Asean-3
Countries
Nur Alwani binti Ahmad
Supervisor: Dr Zairihan Abdul Halim
Bachelor of Economics (Natural Resources)
School Of Social and Economic Development
The purpose of this research is to understand the impact of stock and, bond markets as
well as money supply on economic growth in ASEAN-3 countries, namely Malaysia,
Thailand and Indonesia. These countries have different characteristics than capital
market in other countries because their capital market has experienced a major crisis.
The policy of their government has significant impact on how these countries managed
their capital markets. The data collected from secondary source from 2000 to 2016. The
data was then analyzed using the Multiple Linear Regression Model (MLRM) method. The
findings show that the above three factors significantly influenced the capital market
contribution to economic growth in ASEAN-3 countries. An important insight from this
study is that serious attention should be paid to the capital market development, which
is an important driver of economic growth in ASEAN-3 countries.
1462 | UMT UNDERGRADUATE RESEARCH DAY 2018