Analisis Pengaruh Perkembangan Sektor Keuangan Terhadap Industrialisasi pada Negara Industri Baru di Asia Pasifik

Shaghi Ratu Sa’bani (Jurusan Ilmu Ekonomi Fakultas Ekonomi Universitas Negeri Padang)
Yollit Permata Sari (Jurusan Ilmu Ekonomi Fakultas Ekonomi Universitas Negeri Padang)

Ecosains
Vol 10, No 1 (2021): Ecosains: Jurnal Ilmiah Ekonomi dan Pembangunan

This study examines the influences of financial development on the industrialization by combining cross section data for the five newly industrialized countries in Asia Pacific with time series data from the period 2000 to 2019. The results by using fixed effect model showed that: (1) financial depth has a negative and significant on the industrialization in newly industrialized countries in Asia Pacific; (2) financial efficiency has a positif and significant on the industrialization in newly industrialized countries in Asia Pacific; (4) financial stability has a negative and significant on the industrialization in newly industrialized countries in Asia Pacific; and (5) financial depth, financial efficiency and trade openness and foreign direct investment inflow have significantly affected the industrialization in newly industrialized countries in Asia Pacific.