JURNAL ILMIAH MAKSITEK
Vol 6 No 4 (2021): JURNAL ILMIAH MAKSITEK

DYNAMICS ANALYSIS OF ECONOMIC GROWTH, EXPORT, AND FOREIGN DIRECT INVESTMENT IN ASEAN : EMPIRICAL EVIDENCE FROM PANEL DATA ANALYSIS

MAHRUS LUTFI ADI KURNIAWAN (UNIVERSITAS AHMAD DAHLAN)
INDANAZULFA QURROTA A’YUN (UNIVERSITAS AHMAD DAHLAN)
LESTARI SUKARNIATI (UNIVERSITAS AHMAD DAHLAN)

Article Info

Publish Date
16 Dec 2021

Abstract

This study investigates the relationship between real GDP, real exports, and FDI inflows in 6 ASEAN countries from 2000 to2019. The purpose of this study is to construct strategies about export-led growth, growth-led export, FDI-led growth, andvice versa. Furthermore, the strategies can be applied by policymakers. The Granger causality panel approach revealed thatonly Vietnam has a two-way causality relationship between real GDP and real exports. Malaysia does not find a causalrelationship between real GDP and real exports, and for the rest, there is only a one-way relationship between real GDP andreal exports. This study employs the dynamic panel approach to examine the trivariate model: real GDP, real exports, andFDI inflows. The results show that the study found growth-led exports and growth-led FDI. This study implies that aneconomy fully supported by economic growth is sensitive to global dynamics and trade changes. Thus, it can affect exportactivities and the investment climate.

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JURNAL ILMIAH MAKSITEK
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Abbrev

JIM

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LP2MTBM MAKARIOZ

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Agriculture, Biological Sciences & Forestry Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Health Professions Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Medicine & Pharmacology Public Health Social Sciences

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