scholarly journals Economic Growth Determinants of Asean Economic Community: Feasible Generalized Least Square Approach

2021 ◽  
Vol 316 ◽  
pp. 01019
Author(s):  
Imamudin Yuliadi ◽  
Wahdi Salasi April Yudhi
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Random Effect ◽  
The Philippines ◽  
Least Square ◽  
Economic Community ◽  
Brunei Darussalam ◽  
Least Square Approach ◽  
Asean Economic Community

This study aims to analyze the factors determining economic growth in ASEAN countries, which are the ASEAN economic community members as a potential center for world economic growth. The research method applied in this study was a panel data analysis model with a feasible generalized least square approach. The research period was from 2015 – 2019 in all ASEAN member countries: Indonesia, Myanmar, Malaysia, Singapore, Thailand, Laos, Vietnam, Cambodia, Brunei Darussalam, and the Philippines. Testing the data used the Chow and Hausman tests to determine the analysis method: fixed effect, random effect, or common effect. The results of panel data regression estimation with a feasible generalized least square approach uncovered that the variables of the number of the labor force, currency exchange rates, money supply (M1), exports, imports, Gini index, foreign debt, corruption perception index, financial literacy index, and foreign investment (PMA) significantly affected the economic growth of the ASEAN economic community, including develop agriculture sector. Meanwhile, the variables of domestic investment and financing credit did not affect the economic growth of the ASEAN economic community. The conclusion and recommendation from this study’s results are each ASEAN country’s efforts to encourage economic growth by utilizing its comparative advantages and strategic cooperation to create market opportunities and increase the economic efficiency of the ASEAN economic community.

scholarly journals Industrialization During the Implementation of ASEAN Economic Community (AEC) Blueprint 2015

2020 ◽  
Vol 3 (1) ◽  
pp. 15-27
Author(s):  
Muhammad Iqbal Mutaqin
Keyword(s):  
Panel Data ◽  
Design Methodology ◽  
Panel Data Analysis ◽  
Value Added ◽  
Economic Community ◽  
Brunei Darussalam ◽  
Before And After ◽  
Study Support ◽  
Asean Countries ◽  
Asean Economic Community

Objective – This paper examines whether the implemented ASEAN Economic Community AEC 2015 measures have a significant effect on ASEAN industrialization. Design/methodology – The examination was performed by comparing the growth of manufacturing indicators before and after the period of the AEC Blueprint implementation. panel data was used to examine the trend of manufacturing development in ten ASEAN countries: Brunei Darussalam, Cambodia, Indonesia, Lao, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. The panel data analysis examined seventeen years data on ten ASEAN countries that reported manufacturing indicators (mnfemp, mnva, rmva), GDP per capita, and population. The AEC Blueprint is implemented in a specific timeline since the year 2008 by ASEAN countries. Results – This study found that there are no significant differences in the growth of manufacturing employment and the growth of nominal manufacturing value-added before and after a period of AEC blueprint implementation. Also, the growth of the real manufacturing value-added in the period of AEC blueprint implementation is less than prior AEC era. The findings of this study support studies that criticize the AEC implementation.

scholarly journals The Effect of Gender Unemployment on Economic Growth: A Panel Data Analysis

2020 ◽  
Vol 5 (3) ◽  
pp. 94-103
Author(s):  
Shairilizwan Taasim ◽  
Adrian Daud
Keyword(s):  
Economic Growth ◽  
Data Analysis ◽  
Panel Data ◽  
Unemployment Rate ◽  
Labour Force ◽  
Panel Data Analysis ◽  
The Philippines ◽  
Least Square ◽  
Series Data ◽  
Ordinary Least Square

Objective – Prior to the East ASEAN Growth Area (EAGA) in ASEAN, Brunei, Indonesia, Malaysia, and the Philippines (BIMP) took in an inflow of immigrants to support growth. The more they depended on foreign labour, the issue of gender inequality in the job sector became an issue that is hindering prosperity. Methodology/Technique – The research was aimed to identify the relation between unemployment rate from the gender perspective and economic growth of BIMP-EAGA by using two methods, namely Fully Modified Ordinary Least Square (FMOLS) and Dynamic Ordinary Least Square (DOLS). Annual time series data for the period of 1990 to 2018 was employed. Findings & Novelty – The result was contrary to Okun's law which says that there is a negative relation between the male unemployment rate and GDP. This study found that the female unemployment rate did not affect GDP and was insignificant. Policies that benefit and increase the participation of female workers in the job sector should be enhanced to prepare a conducive environment for the economy. Type of Paper: Empirical. JEL Classification: E24, J16. Keywords: Labour Force, Gender, Economic Growth, BIMP Reference to this paper should be made as follows: Taasim, S; Daud, A. 2020. The Effect of Gender Unemployment on Economic Growth: A Panel Data Analysis, J. Bus. Econ. Review, 5(3) 94–103 https://doi.org/10.35609/jber.2020.5.3(3)

Analysis of Board Size and Firm Performance: Evidence from NSE Companies Using Panel Data Approach

2016 ◽  
Vol 9 (2) ◽  
pp. 148-172 ◽  
Author(s):  
Anjala Kalsie ◽  
Shikha Mittal Shrivastav
Keyword(s):  
Firm Performance ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Random Effect ◽  
Random Effect Model ◽  
Fixed Effect Model ◽  
Least Square ◽  
Empirical Literature ◽  
Board Size ◽  
Effect Model

This article seeks to examine the relationship between the board size and firm performance. Existing literature on board size is based on different theories of corporate governance. While agency theory and resource dependency theory suggest that the board size positively affects performance, stewardship theory favours smaller board size and argues that larger board size negatively impacts the firm performance. The present article adds to the empirical literature by employing panel data analysis of 145 non-financial companies listed in the NSE CNX 200 Index of India corresponding to 16 industries. The study is carried out for a period of five years from 2008 to 2012. The firm performance has been measured using Tobin’s Q and the market-to-book value ratio (MBVR) as market-based measures and return on assets (ROA) and return on capital employed (ROCE) as accounting-based measures. The fixed effect model, random effect model and feasible generalised least square (FGLS) regression models are applied to achieve the above-mentioned objectives. The results conclude that the board size has a positive and significant impact on the firm performance.

scholarly journals FINANCIAL DEEPENING AND INTEREST RATE RELATIONSHIP IN FACING THE ASEAN ECONOMIC COMMUNITY 2015: VECM AND PANEL DATA APPROACH

2020 ◽  
Vol 5 (2) ◽  
Author(s):  
Lukman Hakim
Keyword(s):  
Panel Data ◽  
Interest Rate ◽  
Interest Rates ◽  
Negative Impact ◽  
The Philippines ◽  
Financial Deepening ◽  
Economic Community ◽  
Deposit Rate ◽  
Asean Economic Community ◽  
The Interest Rate

The relationship of the financial deepening to the interest rate has become an important study for the Southeast Asia countries, especially preparation forentering the ASEAN Economic Community (AEC) in 2015. This study will explore the effect of interest rates on deposits and credit to the financial deepening in ASEAN 5. By using VECM showed that Indonesia, the Philippines and Singapore possessed a similar pattern where lending rates negatively affect financial deepening, while the deposit rate positive effect. In contrast to Malaysia and Thailand, deposit rates had a negative impact on financial depth, while the loan interest rate was positive. Meanwhile, using panel data for the ASEAN 5 showed that the effect of interest rates on loans to the depth of the financial sector is negative, whereas the effect of deposit rate was positive

scholarly journals ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PERTUMBUHAN EKONOMI ASEAN MEMBER COUNTRIES PADA TAHUN 2011-2016

2018 ◽  
Vol 11 (1) ◽  
pp. 24-29
Author(s):  
Agatha Christy Permata Sari ◽  
David Kaluge
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Government Expenditure ◽  
Least Square ◽  
Estimation Model ◽  
Asean Member ◽  
Brunei Darussalam ◽  
Growth Phenomenon ◽  
Effect Estimation ◽  
Analytical Tools

Economic Growth becomes the important factor to measure how success economic state. Therefore, many country will always try to increase their economic growth for the priority target that must be reached.this research has purpose to present which factor that can influence economic growth in ASEAN member countreias.t There is 10 countries being the sampe country, which is Indonesia, Thailand, Malaysia, Singapore, Philippines,Brunei Darussalam, Vietnam, Laos, Myanmar,and Cambodia. This research use Panel Data Regression, Generalized Least Square (GLS) method and fixed-effect estimation model by using analytical tools help in processing the data which uses Eviews 9 programm. Data is panel data of all ASEAN member countries in 6 year period (2011-2016). Varible that used are : GDP, Import, Export, Foreign Direct Inverstment, Competitiveness Index, Government Expenditure, and Labor force. The result is each independent variable can explain 99,4126% of dependen variable. Which is, IM (import) variable is the only one variable that has positive significant influence to economic growth. The finding from this research is economic growth phenomenon that occurred in ASEAN is greatly influenced by consumption rather than investment and production. So, almost the entirety of economic growth can be measured by consumption side.

ANALISIS PENERAPAN PSAK NO. 102 UNTUK PEMBIAYAAN MURABAHAH PADA KPN IAIN SAMARINDA

2017 ◽  
Vol 4 (2) ◽  
pp. 285-316
Author(s):  
Parno Parno ◽  
Tikawati Tikawati
Keyword(s):  
Economic Growth ◽  
New Products ◽  
The Philippines ◽  
Economic Community ◽  
Goods And Services ◽  
State Revenue ◽  
National Economic ◽  
Per Capita ◽  
Asean Countries ◽  
Asean Economic Community

Penelitian ini dilakukan di KPN IAIN Samarinda dengan judul: Analisis Penerapan PSAK No. 102 Untuk Pembiayaan Murabahah Pada KPN IAIN Samarinda. Penelitian ini bertujuan untuk mengetahui adalah untuk mengetahui kesesuaian penerapan akuntansi murabahah pada KPN IAIN Samarinda dengan Pernyataan Standar Akuntansi Keuangan Syariah No.102 Tentang Akuntansi Murabahah. Metode pengumpulan data menggunakan studi pustaka dan wawancara. Salah satu pendekatan dalam penelitian yang berbasis literatur yaitu analisis komparasi. Cara ini membandingkan obyek penelitian dengan konsep pembanding. Untuk menentukan kesesuaian praktik akuntansi murabahah yang diterapkan KPN IAIN Samarinda digunakan aturanaturan atau standar yang terdapat dalam PSAK Syariah khususnya PSAK No.102.Berdasarkan hasil penelitian dapat diketahui bahwa perlakuan akuntansi murabahah pada KPN IAIN Samarinda yang berkaitan dengan pengakuan dan pengukuran, penyajian dan pengungkapan belum sepenuhnya sesuai dengan PSAK No. 102. Secara garis besar perlakuan akuntansi yang dilakukan oleh KPN IAIN Samarinda telah sesuai dengan prinsip akuntansi yang diterima umum yaitu PSAK No. 102. Tetapi masih ada pada saat terjadi tunggakan angsuran dan penerimaan angsuran tunggakan, implementasinya KPN IAIN Samarinda tidak mencatat jurnal apapun atau tidak ada perlakuan akuntansi. Seharusnya dalam PSAK No. 102 diatur pada saat terjadinya tunggakan angsuran dan penerimaan angsuran tunggakan, margin diakui proporsional dengan kas yang diterima. ASEAN Economic Community (AEC) has started on January 1, 2016. This agreement was reached by the 10 members of ASEAN in 2007 to create a single market in Southeast Asia. ASEAN countries are doing the deal consists of Brunei, the Philippines, Indonesia, Cambodia, Laos, Malaysia, Myanmar, Singapore, Thailand, and Vietnam. The purpose of creation of this MEA, based on the ASEAN charter is in an effort to boost the region’s economy by increasing the competitiveness of ASEAN in regional and international arena as the economy grows evenly.Muslim entrepreneurs have very close ties with the national economic growth. They have very important roles in the economy of Indonesia especially in the era of the ASEAN Economic Community (AEC). There are at least seven roles of Muslim entrepreneurs in the Indonesian economy in the era of the MEA, i.e., increasing the productivity of goods and services, increasing per capita income, encouraging innovation of new products, capable of creating jobs, providing ease and convenience of life, encouraging progress of science and technology, and increasing state revenue from tax sector.

FAKTOR – FAKTOR YANG MEMPENGARUHI PENANAMAN MODAL ASING (PMA) DI ASEAN PERIODE 2000-2013

2015 ◽  
Vol 20 (1) ◽  
pp. 27-37
Author(s):  
Bambang H. Santoso ◽  
Made Siti Sundari ◽  
Idfi Setyaningrum
Keyword(s):  
Economic Growth ◽  
Random Effect ◽  
Random Effect Model ◽  
Fixed Effect Model ◽  
Growth Theory ◽  
Economic Community ◽  
Endogenous Growth Theory ◽  
Effect Model ◽  
Asean Economic Community ◽  
Data Period

This research is giving a comprehension about some factors that could affect the Economic Growth using Endogenous Growth theory on countries in Association South East Asia Nation (ASEAN) in facing the ASEAN Economic Community (AEC) that will be open at the end of 2015. This research is using a linear regression model with panel data period of 2001-2013. Based on the Hausman test, the random effect model has been preferred over the fixed effect model. The findings chose 2 variables with the mot effect on Economic Growth, there are Human Capital-life expectancy (HKle), and Foreign Direct Investment (FDI). The choise of ASEAN has been made because there are very little research 2 about HK and FDI, and also because the major countries in this associaton are still in development countries

scholarly journals ANALISIS FAKTOR FAKTOR YANG MEMPENGARUHI PENERIMAAN RETRIBUSI PASAR KABUPATEN KOTA PROVINSI SUMATERA BARAT

2018 ◽  
Vol 7 (2) ◽  
pp. 79
Author(s):  
Syaza Nuri Mahera ◽  
Zul Azhar ◽  
Mike Triani
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Random Effect ◽  
Random Effect Model ◽  
Least Square ◽  
Service Facility ◽  
Effect Model ◽  
West Sumatra

This research is aims to analyze the effect of Economic Growth and the number of poducers toward revenue of retribution in seven regencies in West Sumatra. Method that being used is Panel Least Square and is used Random Effect Model (REM). Data used is panel data from 2012-2016 from Badan Pusat Statistik, Badan Kuangan Sumatra Barat, and DJPK Indonesia. The estimation results show that Economic growth has a positive and significant effect on retribution and Sellers has a positive and significant effect on retribution. This result shows that economic growth and sellers has partial effect to revenue of retribution. This study is to give information about govenrment income specially retribution and government could increase service facility of market to achieved revenue target from retribution.

scholarly journals Comparative advantage and export potential of Thai vegetable products following the integration into the ASEAN Economic Community

2017 ◽  
Vol 20 (4) ◽  
pp. 575-590 ◽  
Author(s):  
Pheesphan Laosutsan ◽  
Ganesh P. Shivakoti ◽  
Peeyush Soni
Keyword(s):  
Southeast Asia ◽  
Comparative Advantage ◽  
The Philippines ◽  
Economic Community ◽  
Member States ◽  
Brunei Darussalam ◽  
Group Matrix ◽  
Vegetable Products ◽  
Asean Economic Community ◽  
Vegetable Product

International trade, which is the exchange of capital, goods and services across international borders or territories, has contributed to the rapid global economic growth in recent decades. In Southeast Asia, the establishment of the Association of Southeast Asian (ASEAN) Free Trade Area and the implementation of the ASEAN Economic Community have benefited Thai entrepreneurs and other member countries’ as nearly all import restrictions are removed and market entry barriers lowered. The ASEAN is an organization of countries in Southeast Asia set up to promote cultural, economic and political development in the region; and comprises 10 member states: Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Specifically, this research has explored the possible economic impacts of trade liberalization and improved connectivity on Thailand’s exportation of 23 vegetable product groups to the ASEAN member states (AMSs) using the Revealed Comparative Advantage and Revealed Symmetric Comparative Advantage indices based on the 2009-2013 datasets. In the analysis, the indices were applied to the 14 fresh and 9 preserved vegetable product groups from 15 countries (i.e. AMSs, Australia, China, Japan, South Korea, the USA) to determine their comparative advantages. The dendrogram was used to cluster the countries with regard to their ability to export the fresh and preserved vegetable products. In addition, the Boston Consulting Group matrix was utilized to determine the relative market positions of the Thai fresh and preserved vegetables. The analysis results identified four each of the Thai fresh and preserved vegetable product groups with high comparative advantage in the ASEAN market.

scholarly journals The Relationship between Air Transport and Economic Growth in Turkey: Cross-Regional Panel Data Analysis Approach

2015 ◽  
Vol 7 (1(J)) ◽  
pp. 89-100 ◽  
Author(s):  
Nuri Baltaci ◽  
Gizem Akbulut .
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Cultural Development ◽  
Least Square ◽  
Air Transport ◽  
Study Region ◽  
Transportation Sector ◽  
Macroeconomic Indicators ◽  
The Cost

Today, the economic and social effects of the airports on the region they are located are widely accepted throughout the world including Turkey. In developing countries transportation sector is a significant tool of development. Since millennium there has been a great growth in the number of people who prefer air transportation in Turkey. The decrease in the cost of the transportation of both passengers and freight in air transport leads the increase of its accessibility. In this concept when a region has an active airport it helps to increase the region’s competitiveness and support its economic, social and cultural development. The aim of this study is to analyze whether an active airport and its traffic frequency have an effect on country’s macroeconomic indicators. In this study region - fixed effect and two stage least square (2SLS) models are applied with using panel data for 26 sub-regions at NUTS 2 level in Turkey period of 2004 - 2011. The results of this study support that increasing in number of active airports and its traffic frequency have a positive effect on regional economic growth.

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