The Impact of ASEAN’s Intra Trade to FDI Inflows from Non-Member States: The Cases of Indonesia, Malaysia & Thailand 1987-2006

Kiki Verico

Economics and Finance in Indonesia, 2007, vol. 55, 253-281

Abstract: This paper examines the dynamics of the Indonesian government’s debt during the period of 1988-2001, its estimation and the impact on the government budget until 2007, by using the Branson model and the Present Value Constraint for the budget.Based on the evaluation, it can be concluded that after the crisis in 1997-1998, public debt movements tended to be explosive and, consequently, caused the budget condition to be relatively unsustainable. The discussion also concludes that at least for the medium-term, there should be a serious effort to reduce the budget deficit to achieve a sustainable fiscal condition. Even though the analysis covers only the period up to 2007, some lessons to be learned and strategic steps for the future are presented, both for the revenues and expenditures side.

Keywords: Trade; Economic Integration; FDI; AFTA (search for similar items in EconPapers)
JEL-codes: F1 F15 F21 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:lpe:efijnl:200713

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