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Globalization and gross domestic product construction in ASEAN

Author

Listed:
  • Muhammad Sri Wahyudi Suliswanto
  • David Kaluge

    (Faculty of Economics, University of Muhammadiyah Malang
    Faculty of Economics, University of Brawijaya Malang)

Abstract

There is no more doubt about the importance of economic growth, which can be calculated from Gross Domestic Product (GDP). This research analyzes the role of globalization on GDP in ASEAN-5 by estimating panel data. It uses a fixed effect approach to accommodate various characteristics in the countries. To accommodate such variation, it assumes that the intercepts varies across these countries, while the slopes remain similar. Based on the estimation result, it suggests that net export and foreign direct investment represent the globalization process. Both have positive and significant influences on GDP in the corresponding countries

Suggested Citation

  • Muhammad Sri Wahyudi Suliswanto & David Kaluge, 2012. "Globalization and gross domestic product construction in ASEAN," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 4(2), pages 155-167, April.
    • Handle: RePEc:uii:journl:v:2:y:2010:i:2:p:155-167
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    References listed on IDEAS

    as
    1. Ann E. Harrison & Inessa Love & Margaret S. McMillan, 2022. "Global capital flows and financing constraints," World Scientific Book Chapters, in: Globalization, Firms, and Workers, chapter 8, pages 181-213, World Scientific Publishing Co. Pte. Ltd..
    2. Newman, Andrew & Conconi, Paola & Alfaro, Laura & Fadinger, Harald, 2010. "Trade Policy and Firm Boundaries," CEPR Discussion Papers 7899, C.E.P.R. Discussion Papers.
    3. Abdullahi Ahmed & Enjiang Cheng & George Messinis, 2011. "The role of exports, FDI and imports in development: evidence from Sub-Saharan African countries," Applied Economics, Taylor & Francis Journals, vol. 43(26), pages 3719-3731.
    4. Carmen D. Álvarez-Albelo & Antonio Manresa & Monica Pigem-Vigo, 2009. "The international trade as the sole engine of growth for an economy," Working Papers XREAP2009-06, Xarxa de Referència en Economia Aplicada (XREAP), revised Jun 2009.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Globalization; international trade; foreign direct investment; gross domestic product;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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