International Journal of Islamic Education, Research and Multiculturalism (IJIERM)
Vol 5 No 2 (2023): IJIERM Edition May

THE EFFECT OF FOREIGN DEBT, FOREIGN DIRECT INVESTMENT, AND INFLATION ON ECONOMIC GROWTH IN 7 ASEAN COUNTRIES FOR THE PERIOD 2012-2020

Shella Yuliana (Faculty of Economics and Business, University of Lampung, Lampung, Indonesia)
Neli Aida (Faculty of Economics and Business, University of Lampung, Lampung, Indonesia)
Arivina Ratih Taher (Faculty of Economics and Business, University of Lampung, Lampung, Indonesia)
I Wayan Suparta (Faculty of Economics and Business, University of Lampung, Lampung, Indonesia)

Article Info

Publish Date
04 Jun 2023

Abstract

This study intends to conduct empirical testing related to the effect of foreign debt, foreign direct investment, and inflation on economic growth in 7 ASEAN Countries during the period 2012-2020. The research method uses a quantitative approach with populations using Indonesia, Thailand, the Philippines, Myanmar, Vietnam, Laos, and Cambodia. The data analysis technique uses panel data regression with skunder research data type. The results showed that partially foreign debt had a negative and significant effect on economic growth. Meanwhile, foreign direct investment has a positive and significant effect on economic growth. Meanwhile, inflation also has a positive and significant effect on economic growth. However, simultaneously, foreign debt, foreign direct investment, and inflation affected economic growth in 7 ASEAN countries during the 2012-2020 period.

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Journal Info
International Journal of Islamic Education, Research and Multiculturalism (IJIERM)
Website

Abbrev

IJIERM

Publisher

The Islamic Education and Multicultural Foundation

Subject

Religion Aerospace Engineering Arts Humanities Computer Science & IT Decision Sciences, Operations Research & Management Education Other

Description

The International Journal of Islamic Education, Research and Multiculturalism (IJIERM) was formed in 2019 with number SK: 0005.26563630 / JI.3.1 / SK.ISSN / 2019.03. P-ISSN:2656-3630 now for E-ISSN:2722-7049 in management. IJIERM is a Journal relating to Education, Research, Islamic Education, ...