Main Article Content
Abstract
Purpose – This study aims to analyze the effects of international trade represented by imports and exports in the ASEAN region.
Methods – This study uses import, export, labor, and FDI variables on GDP in 8 countries in ASEAN for the period 2000 – 2022 using a panel data regression approach.
Findings – The results of this study are that international trade has an impact on economic growth. The results specifically show that the negative effects of imports and positive exports contribute to GDP and labor has a positive effect on GDP.
Implication – This study recommends a clear international trade policy between countries, namely by simplifying trade restrictions and conditions between countries.
Originality – This study contributes to empirical studies of international trade, especially for cases in ASEAN.
Abstrak
Tujuan – Penelitian ini bertujuan untuk menganalisis efek dari perdagangan internasional yang direpresentasikan oleh impor dan ekspor di wilayah ASEAN.
Metode – Penelitian ini menggunakan variabel impor, ekspor, labor, dan FDI terhadap GDP pada 8 negara di ASEAN untuk periode 2000 – 2022 menggunakan pendekatan regresi data panel.
Temuan – Hasil dari penelitian ini adalah bahwa international trade memili dampak terhadap pertumbuhan ekonomi. Hasil secara spesifik menunjukkan bahwa efek negatif impor dan positif ekspor berkontribusi terhadap GDP serta labor berpengaruh positif terhadap GDP.
Implikasi – Penelitian ini merekomendasikan adanya kebijakan perdagangan internasional yang jelas antar negara yaitu dengan mempermudah batasan dan syarat perdagangan antar negara.
Orisinalitas – Penelitian ini berkontribusi pada kajian empiris perdagangan internasional khususnya untuk kasus di ASEAN.
Keywords
Article Details
Copyright (c) 2024 Aminuddin Anwar, Mustika Noor Mifrahi, Muhammad Adidinizar Bin Zia Ahmad Kusairee
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
References
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References
Abendin, S., & Duan, P. (2021). International trade and economic growth in Africa: The role of the digital economy. Cogent Economics and Finance, 9(1). https://doi.org/10.1080/23322039.2021.1911767
Gokmenoglu, K. K., Amin, M. Y., & Taspinar, N. (2015). The Relationship among International Trade, Financial Development, and Economic Growth: The Case of Pakistan. Procedia Economics and Finance, 25(May), 489–496. https://doi.org/10.1016/s2212-5671(15)00761-3
Hondroyiannis, G., & Papapetrou, E. (2001). Demographic changes, labor effort and economic growth: Empirical evidence from Greece. Journal of Policy Modeling, 23(2), 169–188. https://doi.org/10.1016/S0161-8938(00)00037-5
Hui, W. T., & Hashmi, A. R. (2007). Foreign labor and economic growth policy options for Singapore. Singapore Economic Review, 52(1), 53–72. https://doi.org/10.1142/S0217590807002567
Hussain, M. E., & Haque, M. (2016). Foreign direct investment, trade, and economic growth: An empirical analysis of Bangladesh. Economies, 4(2), 1–14. https://doi.org/10.3390/economies4020007
Jenkins, H. P., & Katircioglu, S. T. (2010). The bounds test approach for cointegration and causality between financial development, international trade, and economic growth: The case of Cyprus. Applied Economics, 42(13), 1699–1707. https://doi.org/10.1080/00036840701721661
Jouini, J. (2015). Linkage between international trade and economic growth in GCC countries: Empirical evidence from PMG estimation approach. Journal of International Trade and Economic Development, 24(3), 341–372. https://doi.org/10.1080/09638199.2014.904394
Makki, S. S., & Somwaru, A. (2004). Impact of Foreign Direct Investment and Trade on Economic Growth. American Journal of Agricultural Economics, 86(3), 795–801.
Nguyen, H. H. (2020). Impact of foreign direct investment and international trade on economic growth: Empirical Study in Vietnam. Journal of Asian Finance, Economics and Business, 7(3), 323–331. https://doi.org/10.13106/jafeb.2020.vol7.no3.323
Rodriguez, F., & Rodrik, D. (2000). Trade Policy and Economic Growth: A Skeptic’s Guide to the Cross-National Evidence. NBER Macroeconomics Annual, 15, 261–325. https://www.journals.uchicago.edu/doi/abs/10.1086/654419
Were, M. (2015). Differential effects of trade on economic growth and investment: A cross-country empirical investigation. Journal of African Trade, 2(1–2), 71. https://doi.org/10.1016/j.joat.2015.08.002