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The Effect of State Openness and Institutional Economy on Economic Growth in ASEAN Countries: An Application of Autoregressive Distributed Lag Model

In: Proceedings of the 7th International Conference on Accounting, Management and Economics (ICAME-7 2022)

Author

Listed:
  • Saiful Rahmadi

    (Halu Oleo University)

  • Rosnawintang

    (Halu Oleo University)

  • Ernawati

    (Halu Oleo University)

  • Aini Indridjawati

    (Halu Oleo University)

  • Burhanuddin

    (Polytechnic Bina Husada)

Abstract

This study aims to analyze the long-term and short-term effects of State and Economic Openness on the economic growth of ASEAN countries. The type of data used in this study is secondary data that can be accessed through the Theworldbank.com website, in the form of an annual time series for the period 1998 to 2020. The analytical tool used is the Panel Auto Regressive Distributed Lag (ARDL). The results showed; 1) Export variables in the long term have a significant effect, while in the short term they do not have a significant effect on the economic growth of ASEAN countries. 2) Import variables in the long term have a significant effect while in the short term have a significant positive effect on the economic growth of ASEAN countries. 3) The FDI variable in the long term has a significant effect while in the short term it also has a significant influence on the economic growth of ASEAN countries. 4) The corruption variable in the long term does not have a significant effect while in the short term it has a positive influence at a significant level of 10% on the economic growth of ASEAN countries.

Suggested Citation

  • Saiful Rahmadi & Rosnawintang & Ernawati & Aini Indridjawati & Burhanuddin, 2023. "The Effect of State Openness and Institutional Economy on Economic Growth in ASEAN Countries: An Application of Autoregressive Distributed Lag Model," Advances in Economics, Business and Management Research, in: Muhammad Irdam Ferdiansyah & Daniella Cynthia Sampepajung & Insany Fitri Nurqamar & Rakhmat Prima Nu (ed.), Proceedings of the 7th International Conference on Accounting, Management and Economics (ICAME-7 2022), pages 690-702, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-146-3_65
    DOI: 10.2991/978-94-6463-146-3_65
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