Abstract
Economy growth is one of indicators of people prosperity in a country. ASEAN is a type of economic integration which aim to increase economic growth of member countries. Intra-regional and extra-regional trade is kind of trade agreement which aim to increase the trade rate and economic growth. However, the rate of extra-regional trade in every ASEAN-5 countries is higher than intra-regional trade. The objective of this research is to analyze the factors which effect the economic growth of ASEAN-5 countries during 2007-2011. With random effect model in pooled data processing, the research result described that extra-regional trade of ASEAN, foreign direct investment, inflation, and the population described positive and significant effect to economic growth of every ASEAN-5 countries. Whereas, intra-regional trade of ASEAN effect positive and insignificant to the economic growth of ASEAN-5 countries.
Highlights
Pertumbuhan ekonomi merupakan suatu proses perubahan kondisi perekonomian suatu negara menuju ke arah yang lebih baik
ASEAN is a type of economic integration
the rate of extraregional trade in every ASEAN-5 countries is higher than intra-regional trade
Summary
Pertumbuhan ekonomi merupakan suatu proses perubahan kondisi perekonomian suatu negara menuju ke arah yang lebih baik. Tujuan penelitian ini adalah untuk menganalisis pengaruh perdagangan intra-regional ASEAN, perdagangan ekstra-regional ASEAN, investasi asing langsung, tingkat inflasi, dan jumlah populasi terhadap pertumbuhan ekonomi setiapnegara anggota ASEAN-5. Penelitian ini menganalisis faktor-faktor yang mempengaruhi pertumbuhan ekonomi negara-negara anggota ASEAN-5 (Indonesia, Malaysia, Singapura, Thailand, dan Filipina).
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