Proceedings of the Eighth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-8 2021)

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Analysis of Economic Growth Determinants and Stock Prices of Emergency Market Countries in ASEAN

Authors
Tommy Rakasiwi1, *, Hasdi Aimon2
1,2Universitas Negeri Padang, Padang, Indonesia
*Corresponding author. Email: tommy.rakasiwi90@gmail.com
Corresponding Author
Tommy Rakasiwi
Available Online 21 July 2022.
DOI
10.2991/aebmr.k.220702.070How to use a DOI?
Keywords
economic growth; stock price; foreign direct investment; international trade; portofolio investment; interest rate; inflation and emerging market
Abstract

This study aims to identify and analyse the analysis of economic growth determinants and stock prices of emergency market countries in ASEAN. The research type used is associative and descriptive. The data type used is secondary data using panel data in 4 ASEAN emerging market countries namely Indonesia, Malaysia, Thailand and the Philippines from 2015 Q1 to 2020 Q4. This study uses an error correction model (ECM) analysis tool. The variables in this study are economic growth, stock price index, interest rates, inflation, portfolio investment, foreign direct investment and international trade. The results of this research showed that: Based on the research results (1) Economic growth in the short term had a positive and insignificant effect on foreign direct investment and international trade, while portfolio investment had a negative and significant effect on the economy growth in ASEAN Emerging Market countries. Meanwhile, in the long term, foreign direct investment has a positive and insignificant effect on economic growth, while international trade and portfolio investment have a negative and insignificant effect on economic growth in ASEAN Emerging Market countries (2) The stock price index in the short term is positively and significantly affected by economic growth, while portfolio investment has a positive and insignificant effect, while interest rates have a negative and significant effect and inflation has a negative and insignificant effect on stock price indexes in the ASEAN Emerging Markets countries. While in the long-term Portfolio Investment has a negative and significant effect on the stock price index, while interest rates have a positive and significant effect on the stock price index, while inflation has a positive and insignificant effect and the last, economic growth has a negative and insignificant effect on the Stock Price Index in the ASEAN Market Emerging Countries.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

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Volume Title
Proceedings of the Eighth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-8 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
21 July 2022
ISBN
978-94-6239-594-7
ISSN
2352-5428
DOI
10.2991/aebmr.k.220702.070How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

risenwbib
TY  - CONF
AU  - Tommy Rakasiwi
AU  - Hasdi Aimon
PY  - 2022
DA  - 2022/07/21
TI  - Analysis of Economic Growth Determinants and Stock Prices of Emergency Market Countries in ASEAN
BT  - Proceedings of the Eighth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-8 2021)
PB  - Atlantis Press
SP  - 467
EP  - 475
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220702.070
DO  - 10.2991/aebmr.k.220702.070
ID  - Rakasiwi2022
ER  -