IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6463-758-8_231.html

Assessing the Financial Performance of Regional Governments: A Study of Macroeconomic Drivers in Southeast Asia

In: Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)

Author

Listed:
  • Jufri Nur

    (Hasanuddin University)

  • Hamrullah Hamrullah

    (Hasanuddin University)

  • Andi Ratna Sari Dewi

    (Hasanuddin University)

Abstract

This study examines the macroeconomic factors influencing the financial performance of regional governments in Southeast Asia during the period 2018–2021. Using gross savings as a proxy for financial performance, the analysis focuses on the impacts of GDP growth, foreign direct investment (FDI), unemployment rates, and government expenditure growth across four countries: Indonesia, Malaysia, Thailand, and the Philippines. Employing panel data regression, the results highlight GDP growth as a significant driver of fiscal performance, with higher growth rates leading to improved financial stability. However, the effects of FDI inflows, unemployment rates, and government expenditure were found to be statistically insignificant, suggesting that their influence on regional financial outcomes is more complex and may be moderated by external shocks, such as the COVID-19 pandemic. The findings underscore the importance of fostering sustained economic growth to enhance fiscal sustainability, while also highlighting the need for further research into the roles of investment, employment, and public spending efficiency in shaping regional financial outcomes. The study provides valuable insights for policymakers aiming to strengthen regional fiscal resilience in emerging Southeast Asian economies.

Suggested Citation

  • Jufri Nur & Hamrullah Hamrullah & Andi Ratna Sari Dewi, 2025. "Assessing the Financial Performance of Regional Governments: A Study of Macroeconomic Drivers in Southeast Asia," Advances in Economics, Business and Management Research, in: Mursalim Nohong & Fitra Roman Cahaya & Phung Minh Tuan & Arifuddin Mannan & Anas Iswanto Anwar & Ria (ed.), Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024), pages 2849-2859, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-758-8_231
    DOI: 10.2991/978-94-6463-758-8_231
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advbcp:978-94-6463-758-8_231. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.