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Analysis of Institutional Factors, Inflation, and Unemployment on the Economic Growth of ASEAN Countries

In: Proceedings of the 8th International Conference on Accounting, Management, and Economics (ICAME 2023)

Author

Listed:
  • Anas Iswanto Anwar

    (Universitas Hasanuddin)

  • Mirzalina Zaenal

    (Universitas Hasanuddin)

  • Yusuf Jeksen

    (Universitas Hasanuddin)

Abstract

This research aims to determine the influence of corruption, political stability, inflation and unemployment on economic growth in nine ASEAN countries. Apart from that, this research analyzes differences in economic growth in nine ASEAN countries before and after the Covid-19 pandemic. The data used in this research is quantitative secondary data in the form of numbers obtained from the World Bank and Transparency International. The data used in this research is a combination of time series and cross section data or panel data from 2010 to 2021, namely data on GDP per capita, Corruption Perception Index, inflation and unemployment. The Covid-19 pandemic is a dummy variable where data before the pandemic is categorized as 0 and data after the pandemic is categorized as 1. The analysis method used is the panel data regression method. The results of this research show that the corruption and inflation variables have a negative and significant effect on economic growth, the stability variable has a positive and significant effect on economic growth. The unemployment variable has no effect on economic growth. The results of this research also show that there are differences in economic growth before and after the Covid-19 pandemic.

Suggested Citation

  • Anas Iswanto Anwar & Mirzalina Zaenal & Yusuf Jeksen, 2024. "Analysis of Institutional Factors, Inflation, and Unemployment on the Economic Growth of ASEAN Countries," Advances in Economics, Business and Management Research, in: Arianto Patunru & Mubariq Ahmad & Mursalim Nohong & Arifuddin Arifuddin & Anas Iswanto Anwar & Rakhm (ed.), Proceedings of the 8th International Conference on Accounting, Management, and Economics (ICAME 2023), pages 529-541, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-400-6_40
    DOI: 10.2991/978-94-6463-400-6_40
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