Economic Growth Determinants in Selected ASEAN Countries

DOI

10.2991/aebmr.k.211225.009How to use a DOI?

Keywords

Corruption Perception Index; Economic Growth

Abstract

This study aims to analyze the variables determining economic growth in selected ASEAN countries (Singapore, Malaysia, Thailand, Indonesia, and the Philippines). Other independent variables in this study consisted of foreign direct investment and foreign debt. The research method used was panel data analysis. The data used in this research was annual data from 2010-2019 sourced from the World Bank and Transparency International, the Global Coalition Against Corruption. The model employed in this research was panel data analysis by applying Fixed Effect Model analysis. The results showed that foreign direct investment did not affect economic growth in ASEAN countries. Meanwhile, the foreign debt variable had a positive and significant effect on economic growth, and the corruption perception index had a positive and significant impact on the economic growth of selected ASEAN countries. The conclusion and recommendation from this research are that ASEAN countries need to improve the investment climate and law enforcement in eradicating corruption practices to encourage economic growth in the ASEAN region.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Imamudin Yuliadi
AU  - Anita Fitria R
AU  - Dessy Rachmawatie
PY  - 2022
DA  - 2022/01/13
TI  - Economic Growth Determinants in Selected ASEAN Countries
BT  - Proceedings of the International Conference on Sustainable Innovation Track Accounting and Management Sciences (ICOSIAMS 2021)
PB  - Atlantis Press
SP  - 50
EP  - 56
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.211225.009
DO  - 10.2991/aebmr.k.211225.009
ID  - Yuliadi2022
ER  -