Consumption correlation and international capital market integration: evidence from Malaysia

Goh Soo Khoon

Applied Economics Letters, 2008, vol. 15, issue 6, 489-494

Abstract: By evaluating the Malaysian consumption patterns, this article measures capital mobility in Malaysia with three main trading countries, namely the United States, Japan and Singapore. The results indicate that Malaysia's national consumption was fully integrated with the United States over the period 1960-2000. Since the consumption models are based on a high degree of capital mobility, there is some evidence that this condition is met in the Malaysian data. This indicates that Malaysia exhibited a substantial amount of financial openness despite periodic exchange controls.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:15:y:2008:i:6:p:489-494

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DOI: 10.1080/13504850600675443

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