The Determinants of Economic Growth: Empirical Study of 10 Asia-Pacific Countries

Nasir, M. Safar (2021) The Determinants of Economic Growth: Empirical Study of 10 Asia-Pacific Countries. Signifikan, 10 (1). ISSN ISSN: 2087-2046 (Print) | ISSN: 2476-9223 (Online) (Unpublished)

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Abstract

The purpose of this research to examine influence several independent variables, especially corruption, foreign direct investment (FDI), population growth, and government expenditure on the economic growth of 10 Asia-Pacific countries, and prove the hypothesis of the sand wheels theory whether corruption causes a decline and a slowdown in economic growth. This study uses panel data. The results showed that the variables of corruption have a negative impact on economic growth, foreign direct investment (FDI), and government expenditure have positives that significantly affect the level of economic growth in 10 Asia-Pacific countries. However, population growth does not significantly affect economic growth. The result implies that corruption has a negative effect on economic growth in 10 Asia-Pacific countries. Such an outcome provides evidence and confirms the hypothesis that corruption can sand the wheel of an economy. Countries must eradicate all forms of corruption and maintain a conducive investment climate so that there is a level of trust, especially in the Asia-Pacific countries, to create productive economic growth.

Item Type:	Artikel Umum
Subjects:	H Social Sciences > HB Economic Theory
Divisi / Prodi:	Faculty of Economics (Fakultas Ekonomi) > S1-Economic Development (S1 Ekonomi Pembangunan)
Depositing User:	Rifki Khoirudin
Date Deposited:	17 Dec 2022 07:36
Last Modified:	17 Dec 2022 07:36
URI:	http://eprints.uad.ac.id/id/eprint/38021

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