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dc.contributor.authorMakin, Tonyen_US
dc.contributor.editorDenis Hew, Nick Freeman, Rahul Sen, Sakulrat Montreevaten_US
dc.date.accessioned2017-05-03T12:19:31Z
dc.date.available2017-05-03T12:19:31Z
dc.date.issued2005en_US
dc.date.modified2007-03-19T21:43:38Z
dc.identifier.issn02174472en_US
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.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherInstitute of Southeast Asian Studiesen_US
dc.publisher.placeSingaporeen_US
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom284en_US
dc.relation.ispartofpageto296en_US
dc.relation.ispartofissue3en_US
dc.relation.ispartofjournalASEAN Economic Bulletinen_US
dc.relation.ispartofvolume22en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchcode340206en_US
dc.titlePublic Debt Sustainability and Its Macroeconomic Implications in ASEAN-4en_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.date.issued2005
gro.hasfulltextNo Full Text


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