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Pengaruh Defisit Anggaran, Foreign Direct Investment, dan Indeks Pembangunan Manusia terhadap Pertumbuhan Ekonomi ASEAN-5: Asean-5 (Indonesia, Malaysia, Thailand, Filipina, dan Vietnam) Ariski Aria Admaja; Marissa, Feny; Bashir, Abdul
Ekonomi dan Bisnis Vol 12 No 1 (2025): EKONOMI DAN BISNIS
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35590/jeb.v12i1.10871

Abstract

Purpose: This study aims to analyze the effects of budget deficit, foreign direct investment (FDI), and the Human Development Index (HDI) on economic growth in the ASEAN-5 countries (Indonesia, Malaysia, Thailand, Vietnam, and the Philippines). Design/methodology/approach: The study employs secondary data covering the period 2014–2023 and applies panel data regression methods. The estimation is conducted using the Fixed Effect Model (FEM) to examine the impact of the independent variables on economic growth. Findings: The results indicate that budget deficit, FDI, and HDI, both individually and simultaneously, have a positive and significant effect on economic growth in the ASEAN-5 region. Research limitations/implications: The study is limited to the 2014–2023 period and only covers five ASEAN countries; therefore, the findings cannot be generalized to the entire Southeast Asian region. Future research is recommended to expand the variables and country coverage to gain a more comprehensive understanding. Practical implications: The findings highlight the importance of effective fiscal policies, the promotion of a competitive investment climate, and the development of human resources as key strategies for sustainable development in ASEAN. Paper type: Research paper   Keywords: Economic Growth; Budget Deficit; Foreign Direct Investment; Human Development Index.
Transforming Marginalized Entrepreneurship: Digital Skills and Market Adaptability for MSMEs in Emerging Economies Hamidi, Ichsan; Atiyatna, Dirta Pratama; Bashir, Abdul; Apriani, Deassy; Sani, Kamalia; Marissa, Feny
Pena Dimas: Jurnal Pengabdian Masyarakat Vol 4, No 1 (2025): Pena Dimas: Jurnal Pengabdian Masyarakat
Publisher : Universitas Islam Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33474/penadimas.v4i1.27665

Abstract

With the rapid advancement of digital technology, Micro, Small, and Medium Enterprises (MSMEs) face both challenges and opportunities, particularly in emerging and disadvantaged economies. This case study explores a community-driven initiative designed to enhance the entrepreneurial capacity of MSMEs located around the Final Disposal Site (FDS) II Karya Jaya in Palembang, Indonesia, by integrating digital skill development with market adaptability. Using a Participatory Action Research (PAR) approach, thirty microenterprises—predominantly women-led—participated in a series of digital marketing workshops emphasizing problem-solving and co-design. Over twenty hours of training, participants developed entrepreneurial mindsets and competencies in social media and e-commerce, digital payment systems, branding, and packaging design. Observations indicated that 86.67% of participants demonstrated greater awareness of digital marketing tools, and 90% expressed increased confidence in their use. Follow-up monitoring with 22 participants revealed a 20% improvement in online visibility, engagement, and product identification. Beyond individual skill enhancement, the initiative strengthened social capital by fostering peer learning networks and cultivating local leadership, essential for sustainable community transformation. This initiative illustrates the transformative potential of digital empowerment practices to narrow the digital divide, enhance entrepreneurial resilience, and support inclusive and equitable economic growth. It aligns closely with several Sustainable Development Goals (SDGs), particularly SDG 1 (No Poverty) by improving livelihoods, SDG 5 (Gender Equality) through the empowerment of women entrepreneurs, SDG 8 (Decent Work and Economic Growth) via skill-based entrepreneurship, SDG 9 (Industry, Innovation, and Infrastructure) through digital inclusion, and SDG 10 (Reduced Inequalities) by integrating marginalized groups into the digital economy. Collectively, these outcomes demonstrate how digital literacy and community collaboration can accelerate sustainable development in disadvantaged urban areas.