Analysis of Economic Growth in ASEAN Countries

Abstract

This studied aims to explained the effect of the variables of inflation, consumption expenditure, capital formation, foreign direct investment, and trade openness on gross domestic product ASEAN countries from 1996 – 2018. This research used a panel regression analyzed method to test the data in getting decisions. The t-statistic test results showed that consumption expenditure, capital formation, foreign direct investment, and trade openness significantly influence the direction of a positive relationship to gross domestic product. However, inflation showed a negative direction and had a significant effect on the gross domestic product so that if there is increased inflation it will reduce gross domestic product. The government can formula a single-digit policy so that there is no decline in the gross domestic product of ASEAN countries.

Rent-Seeking Towards Economic Growth: Empirical Study in Lower-Middle-Income Countries

“…It can be concluded that a positive and significant influence of capital formation on economic growth illustrates the importance of capital formation, which is crucial for the efforts to increase economic growth addressed for lower-middle-income countries. The estimation results are consistent with the findings from Afonso and de Sá Fortes Leitão Rodrigues (2021); Anggraini et al, (2020); Bal et al, (2016); Meyer and Sanusi (2019); O and C (2016); Ugochukwu and Chinyere (2013); Wong et al, (2021) confirmed a positive and significant correlation between capital formation and economic growth. The addition of direct capital formation could enhance national production, and eventually, the capital formation itself might become a booster for economic growth.…”

Apertura comercial, inversión doméstica y crecimiento económico en Ecuador. Investigación empírica 1950-2019

“…La fuente de los datos es Penn World Tables (PWT) versión 10.0 (Feenstra et al, 2015) y cálculos propios a partir de los datos originales. Siguiendo la literatura teórica y empírica (Alam y Sumon, 2020;Anggraini, et al, 2020;Bakari, 2018;Bakari y Tiba, 2019;Dritsaki, 2015;Molero et al, 2020;Malefane y Odhiambo, 2018;Rani y Kumar, 2019;Sakyi, 2011;Sakyi, et al, 2015;Umer, 2014), se incluyen las siguientes variables e indicadores: 1. Ingreso per cápita, cuyo indicador es el PIB por habitante.…”

Pandemic Shock and Economic Variables Responses in ASEAN Countries Using Panel Vector Autoregressive Model

“…So in a combined economy, all factors of production are predicted to be identical to one another. In other words, Anggraini et al (2020) this collaboration prioritizes achieving economic growth through the integration of the domestic market into the world market so that it can increase the national income of its member countries. In general, countries in ASEAN show an increase in the level of economic development, per capita income, inflation, and anxiety levels.…”