Impact of Manufactured Exports on Economic Growth in ASEAN

Authors

  • Lustari Agustin Department of Economics, Faculty of Economics and Business, Universitas Muhammadiyah Yogyakarta, Yogyakarta
  • Faiza Husnayeni Nahar Department of Economics, Faculty of Economics and Business, Universitas Muhammadiyah Yogyakarta, Yogyakarta

DOI:

https://doi.org/10.18196/jerss.040121

Keywords:

Economic Growth, Manufacturing Export

Abstract

Economic growth is an essential factor to measure how prosperous the economy of a country is. Therefore, each country will always try to increase their economic growth and put it as its economic target. This research aimed to find out the factors that influence the economic growth in ASEAN member countries during 2007–2016. The analysis method used was Generalized Least Square (GLS) method and Fixed Effect Estimation model. The data used were the panel data of seven ASEAN countries. The result showed that Manufacturing Export, Foreign Direct Investment (FDI), Government Expenditure, and Population had a positive and significant effect on economic growth although the contribution of manufacturing export is just at a small magnitude.

References

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Halwani, H. (1993). Perdagangan Internasional: Pendekatan Ekonomi Mikro dan Makro. Jakarta: Ghalia Indonesia.

Owusu, R. K. (2012). Population Density and Economic Growth Demography as a tool for growth. Roskilde University.

Shamasundari, R. (2017). Is ASEAN Soaring As a Leading Manufacturing Destination?. The ASEAN Post.

Soelistyo. (1981). Ekonomi Internasional (Kedua). Yogyakarta: Liberty.

Todaro, M. P. (2000). Pembangunan Ekonomi di Dunia Ketiga. Jakarta: Erlangga.

Urata, S., & Ando, M. (2010). Investment Climate Study of ASEAN Member Countries. ERIA Research Project Report, 3.

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How to Cite

Agustin, L., & Nahar, F. H. (2020). Impact of Manufactured Exports on Economic Growth in ASEAN. Journal of Economics Research and Social Sciences, 4(1), 82–86. https://doi.org/10.18196/jerss.040121

Issue

Vol. 4 No. 1: February 2020

Section

Articles

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