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All Journal Jurnal Ilmu Ekonomi
Fanianing Tias Putri Setiawati
Economics Development, Faculty of Economics and Business, University of Muhammadiyah Malang
Economics, Econometrics & Finance Social Sciences

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The Effect of Inflation, Population Growth, Economic Growth, and Female Labor Participation on Unemployment in ASEAN-5 Fanianing Tias Putri Setiawati; Hendra Kusuma
Jurnal Ilmu Ekonomi JIE Vol. 10 No. 03 (2026): Jurnal Ilmu Ekonomi
Publisher : Program Studi Ekonomi Pembangunan Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jie.v10i03.44534

Abstract

This study examines the effects of inflation, population growth, economic growth, and female labor force participation on unemployment in ASEAN-5 countries: Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. It identifies the most dominant factor influencing unemployment. The study uses panel data for ASEAN-5 countries and employs panel regression analysis with the Fixed Effect Model (FEM) and Panel Corrected Standard Errors (PCSE) to address heteroscedasticity. The results indicate that inflation, population growth, economic growth, and female labor force participation simultaneously affect unemployment significantly, with an Adjusted R² of 82.65%. Partially, inflation and population growth have a negative and significant effect on unemployment, while economic growth does not significantly affect unemployment. Among all variables, population growth is the most dominant factor affecting unemployment, with a coefficient of -0.7142. These findings suggest that managing population growth through the demographic dividend can boost economic activity, increase labor absorption, and ultimately reduce unemployment in ASEAN-5 countries.
Co-Authors Hendra Kusuma