Factors Influencing Economic Growth in ASEAN Countries 1999-2019

Authors

  • Kevin Eric Andrawina Fakultas Ekonomi dan Bisnis, Universitas Sebelas Maret, Indonesia
  • Siti Aisyah Tri Rahayu Fakultas Ekonomi dan Bisnis, Universitas Sebelas Maret, Indonesia
  • Lukman Hakim Fakultas Ekonomi dan Bisnis, Universitas Sebelas Maret, Indonesia

DOI:

https://doi.org/10.54443/sj.v2i6.244

Keywords:

Economic Growth, Technology, Human Capital, Investment

Abstract

This research focuses on how technology, human capital, and investment influence economic growth in ASEAN countries from 1999 to 2019. This research uses panel data regression analysis. The research results show that technology has a significant positive effect on economic growth. Meanwhile, human capital has a significant negative effect on economic growth and investment has no significant effect on economic growth.

Downloads

Download data is not yet available.

References

Ahmed, K., Arabi, M., Zakaria, S., & Abdalla, S. (2013). The Impact Of Human Capital On Economic Growth : Empirical Evidence From Sudan. Research In World Economy, 4(2). https://doi.org/10.5430/rwe.v4n2p43

Anyanwu, J. C. (2014). Factors Affecting Economic Growth In Africa: Are There Any Lessons From China? African Development Review, 26(3), 468–493. https://doi.org/10.1111/1467-8268.12105

Ayunda, N. P., & Sari, Y. P. (2021). Pengaruh Penanaman Modal Dalam Negeri Penanaman Modal Asing dan Infrastruktur Transportasi Terhadap Pertumbuhan Ekonomi. Kajian Ekonomi Dan Pembangunan, 3(June), 9–16.

B, E. D., & K, W. L. (2020). Effect Of Domestic Investment On Economic Growth in Nigeria. International Journal Of Economics and Financial Managemen, 5(1), 1–8.

Furkova, A., & Chocholata, M. (2017). Interregional R&D Spillovers And Regional Convergence: A Spatial Econometric Evidence From The EU Regions. Journal Of Economics and Economic Policy, 12(1). https://doi.org/10.24136/eq.v12i1.1

Gori, L., & Sodini, M. (2014). Local And Global Bifurcations In An Economic Growth Model With Endogenous Labour Supply And Multiplicative External Habits. An Interdisciplinary Journal of Nonlinear Science, 24. https://doi.org/10.1063/1.4865787

Gori, L., & Sodini, M. (2018). A Contribution To The Theory Of Fertility And Economic Development (Issue 170). https://doi.org/10.1017/S1365100519000415

Gori, L., & Sodini, M. (2020). Endogenous Labour Supply, Endogenous Lifetime And Economic Development. Structural Change And Economic Dynamics, 52, 238–259. https://doi.org/10.1016/j.strueco.2019.11.006

Gujarati, D. N., & Porter, D. C. (2009). Basic Econometrics. In McGraw-Hill Companies, Inc (5th ed.). McGraw-Hill Companies, Inc.

Haldar, A., Sucharita, S., Prasad, D., Sethi, N., & Chandra, P. (2023). The Effects Of ICT , Electricity Consumption , Innovation and Renewable Power Generation On Economic Growth : An Income Level Analysis For The Emerging Economies. Journal Of Cleaner Production, 384, 135607. https://doi.org/10.1016/j.jclepro.2022.135607

Ichvani, L. F., & Sasana, H. (2019). Pengaruh Korupsi, Konsumsi, Pengeluaran Pemerintah Dan Keterbukaan Perdagangan Terhadap Pertumbuhan Ekonomi Di Asean 5. Jurnal REP (Riset Ekonomi Pembangunan), 4(1), 61–72. https://doi.org/10.31002/rep.v4i1.1342

Jagodka, M., & Snarska, M. (2021). The State Of Human Capital And Innovativeness Of Polish Voivodships In 2004 – 2018. Sustainibility, 13.

Jones, C. I., & Vollrath, D. (2013). Introduction To Economic Growth (3rd ed.). W. W. Norton & Company, Inc.

KBBI. (2023). Teknologi. KBBI. https://kbbi.web.id/teknologi

Mankiw, N. G. (2020). Principles Of Economics (9th ed.). Cengage Learning, Inc.

Penn World Table. (2023a). Human Capital Index. Penn World Table. https://www.rug.nl/search/?searchTerm=human+capital+index&page=1&limit=15&filters=custom_fields.isArchived%3Dno

Penn World Table. (2023b). Total Factor Productivity (TFP). Penn World Table. https://www.rug.nl/search/?searchTerm=total+factor+productivity&page=1&limit=15&filters=custom_fields.isArchived%3Dno

Romer, P. M. (1994). The Origins Of Endogenous Growth. Journal of Economic Perspectiv, 8(1), 3–22.

Todaro, M. P., & Smith, S. C. (2015). Economic Development (12th ed.). Pearson Education.

WIPO. (2023). Global Inovation Index. World Intelectual Property Organization. https://www.globalinnovationindex.org/Home

World Bank. (2023a). GDP, PPP (Constant 2017 International $). World Bank. https://data.worldbank.org/

World Bank. (2023b). GDP Growth (Annual %). World Bank. https://data.worldbank.org/

World Bank. (2023c). Gross Capital Formation (% of GDP). World Bank. https://data.worldbank.org/

Yazgan, S., & Yalcinkaya, O. (2018). The Effects Of Research And Development (R&D) Investments On Sustainable Economic Growth : Evidence From OECD Countries ( 1996-2015 ). Economic Perspectives, 18(1), 3–23. https://doi.org/10.1515/revecp-2018-0001

Zhang, J., Jiangb, C., & Wang, P. (2014). Total Factor Productivity And China’s Miraculous Growth: An Empirical Analysis. SSRN Electronic Journal, 1–43. https://doi.org/10.2139/ssrn.2456009

Downloads

Published

2024-01-04

How to Cite

Eric Andrawina, K. ., Aisyah Tri Rahayu, S. ., & Hakim, L. . (2024). Factors Influencing Economic Growth in ASEAN Countries 1999-2019. International Journal of Social Science, Education, Communication and Economics (SINOMICS Journal), 2(6), 1505–1516. https://doi.org/10.54443/sj.v2i6.244

Issue

Section

Articles

Categories