Jurnal Perencanaan Pembangunan
Vol. 1 No. 2 (2017): September 2017

Assessing the Impacts of Political and Economic Openness on GDP Growth: Case of Asian Countries

Ichsan Zulkarnaen (Ministry of National Development Planning)



Article Info

Publish Date
16 Oct 2017

Abstract

The economic performance of a nation is measured in the gross domestic product (GDP). Over the last two decades, the rising of economic development in EastAsian accompanies openness in economic and political environment more than ever before. This paper seeks to figure out the pattern of how economic openness and political openness of Asian countries influence GDP growth by using panel method. We treat the GDP growth as the dependent variable and political rights, civil rights, trade liberalization, foreign direct investment as independent variables. I draw time-series data for 11 Asian countries: China, Japan, South Korea, Indonesia, Malaysia, Philippines, Thailand, Singapore, India, Pakistan, and Bangladesh from 1984 to 2011 using Freedom House, World Bank and United Nations Commission for Trade and Development (UNCTAD). Results, even though imperfect, show that high levels of political openness and economic openness indeed improve the economic development of China and Indonesia.

Copyrights © 2017






Journal Info

Abbrev

jpp

Publisher

Subject

Agriculture, Biological Sciences & Forestry Economics, Econometrics & Finance Energy Environmental Science Social Sciences

Description

JPP will periodically present papers related to development planning and policy in Indonesia, linking academic and scientific knowledge to public policy. JPP takes a position as one of the bridging knowledge to policy tools. The subjects are each development processes, from the planning, ...