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dc.contributor.authorMakin, Tony
dc.contributor.editorDenis Hew, Nick Freeman, Rahul Sen, Sakulrat Montreevat
dc.date.accessioned2017-05-03T12:19:31Z
dc.date.available2017-05-03T12:19:31Z
dc.date.issued2005
dc.date.modified2007-03-19T21:43:38Z
dc.identifier.issn02174472
dc.identifier.urihttp://hdl.handle.net/10072/4625
dc.description.abstractPublic debt levels in Indonesia, Malaysia, Thailand and the Philippines (the ASEAN-4) significantly exceed pre-Asian crisis levels due to persistently large fiscal deficits and bank re-capitalisation measures. This article algebraically derives key formulae and presents graphical techniques for understanding and assessing the sustainability of public debt and its macroeconomic significance. Using recent data, it shows that central government public debt levels have recently stabilised in the ASEAN-4 under prevailing macroeconomic conditions and fiscal settings. Yet, the Philippines and Indonesia still require substantially higher primary surpluses to reduce their public debt to GDP ratios to internationally recommended levels over the medium term.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherInstitute of Southeast Asian Studies
dc.publisher.placeSingapore
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom284
dc.relation.ispartofpageto296
dc.relation.ispartofissue3
dc.relation.ispartofjournalASEAN Economic Bulletin
dc.relation.ispartofvolume22
dc.rights.retentionY
dc.subject.fieldofresearchEconomics
dc.subject.fieldofresearchcode14
dc.titlePublic Debt Sustainability and Its Macroeconomic Implications in ASEAN-4
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.date.issued2005
gro.hasfulltextNo Full Text
gro.griffith.authorMakin, Tony J.


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    Contains articles published by Griffith authors in scholarly journals.

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