Jurnal Pendidikan Ekonomi Indonesia
Vol 5, No 2 (2023): Jurnal Pendidikan Ekonomi Indonesia Oktober 2023

Trade Openness Studies In ASEAN-5 And It’s Effect On Unemployment

M Rizki karim amrulloh (UIII)



Article Info

Publish Date
01 Nov 2023

Abstract

ABSTRACTThe aim of this analysis is to examine the linkages among trade, population growth, interest rates, GDP growth, and unemployment rates in the five ASEAN nations of Indonesia, Malaysia, the Philippines, Singapore, and Thailand between the years 2002 and 2021. This paper is Unique because it simultaneously examines the ASEAN-5 (Founding nations of ASEAN). The source for this research was sourced from the World Bank. The Fix Effect panel data regression model is the most effective model for this research since it can be used to accomplish the goals of the study's descriptive statistical methods, according to the likelihood test. This test demonstrates that the Fix effect model's regression results indicate that the Trade, LnPop, and inflation variables have a significantly negative impact, while GDP growth and wage with unemployment in Asian nations while GDP growth has a positive but not significant. The study demonstrates the necessity of continuing free trade policies.

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Journal Info

Abbrev

JPEI

Publisher

Subject

Economics, Econometrics & Finance Education

Description

Manuscripts for JPEI should fall within one of the following categories, Research in economics and education, Economic content, Economic instruction, Innovations in pedagogy, hardware, materials, and methods for treating traditional and newer subjects. Reports on the status and events that influence ...