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Does financial sector affect economic development in ASEAN during 2010-2016?

Author

Listed:
  • Novelia SUSANTI

    (Sriwijaya University, Palembang, Indonesia)

  • Didik SUSETYO

    (Sriwijaya University, Palembang, Indonesia)

  • Dr. AZWARDI

    (Sriwijaya University, Palembang, Indonesia)

Abstract

The objective of this paper is to examine the impact of financial development using domestic credits to private sector, government spending and net exports on GDP in ASEAN during 2010-2016. Total observation of seventy data are being used to form the panel regression method using fixed effect model. The secondary data is obtained from World Bank and Asian Development Bank. The results of this paper are domestic credits to private sector and government spending are positively and significantly affect GDP while net exports is negatively and significantly affect GDP.

Suggested Citation

  • Novelia SUSANTI & Didik SUSETYO & Dr. AZWARDI, 2018. "Does financial sector affect economic development in ASEAN during 2010-2016?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(617), W), pages 205-220, Winter.
    • Handle: RePEc:agr:journl:v:4(617):y:2018:i:4(617):p:205-220
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    References listed on IDEAS

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    1. Hashim, Khairul & Masih, Mansur, 2014. "What causes economic growth in Malaysia: exports or imports ?," MPRA Paper 62366, University Library of Munich, Germany.
    2. Janice Tieguhong Puatwoe & Serge Mandiefe Piabuo, 2017. "Financial sector development and economic growth: evidence from Cameroon," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 3(1), pages 1-18, December.
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