Analysis of Determinants of Economic Growth of ASEAN6 Countries


International Research Journal of Economics and Management Studies
© 2025 by IRJEMS
Volume 4  Issue 8
Year of Publication : 2025
Authors : Vinsensia Preiti Mukerzi Sidebang, Josephine Wuri, Laurentius Bambang Harnoto, Yuliana Rini Hardanti
irjems doi : 10.56472/25835238/IRJEMS-V4I8P122

Citation:

Vinsensia Preiti Mukerzi Sidebang, Josephine Wuri, Laurentius Bambang Harnoto, Yuliana Rini Hardanti. "Analysis of Determinants of Economic Growth of ASEAN6 Countries" International Research Journal of Economics and Management Studies, Vol. 4, No. 8, pp. 211-220, 2025. Crossref. http://doi.org/10.56472/25835238/IRJEMS-V4I8P122

Abstract:

In an era of increasingly integrated economic globalization, understanding the determinants of economic growth is very important for policy development in the ASEAN region. This study examines the determinants of economic growth in the ASEAN6 countries. This study utilizes annual secondary data for the ASEAN6 countries for the 2018-2023 period, obtained from the World Development Indicators of the World Bank. The analysis tool used is Fixed Effect panel data regression. The study's results indicate that exports and inflation are key determinants of economic growth in the ASEAN-6 countries. Simultaneously, exports and inflation impact the economic growth of the ASEAN6 countries. To some extent, exports have a positive and significant impact on economic growth, while inflation has a significant negative effect. This research provides empirical insights into the impact of exports and inflation on economic growth, offering practical guidance as a basis for decision-making for monetary authorities and governments in formulating international trade policies and maintaining price stability.

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Keywords:

Economic Growth, Exports, Fixed Effect, Inflation, ASEAN6.