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All Journal Trikonomika: Jurnal Ekonomi Jurnal Penelitian Pendidikan IPA (JPPIPA) Jurnal Jendela Inovasi Daerah Indonesian Journal of Health Science Profit: Jurnal Manajemen, Bisnis dan Akuntansi
Febrianti, Erika
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Journal : Trikonomika: Jurnal Ekonomi

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RENT-SEEKING TOWARDS ECONOMIC GROWTH: EMPIRICAL STUDY IN LOWER-MIDDLE-INCOME COUNTRIES Laut, Lorentino; Febrianti, Erika; Sugiharti, Retno
TRIKONOMIKA Vol 22 No 1 (2023): June Edition
Publisher : Faculty of Economics and Business, University of Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (335.759 KB) | DOI: 10.23969/trikonomika.v22i1.5751

Abstract

The good effects of globalization are not felt by all countries. Lower-middle-income countries are constrained by ineffective or poorly implemented economic policies in those countries. One indicator of this ineffectiveness is the low rate of controlling rent-seeking in lower-middle-income countries. Therefore, this study analyzes the effect of controlling rent-seeking on the economic growth of lower-middle-income countries. It is important to study where economic growth has an important role in the economic development of lower-middle-income countries. This study also uses control variables such as capital formation, population, and lag of economic growth through the Partial Adjustment Model (PAM) approach. Based on the results of regression testing that has been carried out, controlling rent seeking and capital formation is known to have a positive and significant effect on economic growth in lower-middle-income countries. Meanwhile population has a negative and significant effect on the economic growth of lower-middle-income countries.
Co-Authors DESSY ADRIANI Ita Rahmawati, Ita Laut, Lorentino Sa’adah, Lailatus Sudati Nur Sarfiah Sugiharti, Retno Trisna Wahyu Swasdiningrum Putri