Ilham Basrian Jasuma Putra
STAI Al Furqon Prabumulih

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The Effect of Trade Openness and Financial Openness on Economic Growth During the ASEAN Free Trade Area (AFTA) Ilham Basrian Jasuma Putra; Muhammad Ghafur Wibowo
Jurnal Pamator : Jurnal Ilmiah Universitas Trunojoyo Vol 19, No 2: May - August 2026
Publisher : Universitas Trunodjoyo Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21107/pamator.v19i2.27957

Abstract

This study aims to determine the effect of trade openness and financial openness on the economic growth of 6 ASEAN countries during the ASEAN Free Trade Area (AFTA) from 1992-2022. This study uses a quantitative method using secondary data from 1992-2021 sourced from the Central Statistics Agency (BPS), World Bank, UN Comtrade Database, and ASEANstats. This study uses panel data analysis with the Fixed Effect Model (FEM) as the chosen model to estimate using Eviews 9. The test results show that trade and financial openness positively and significantly affect the economic growth of 6 ASEAN countries.