Jurnal Simki Economic
Vol 7 No 1 (2024): Volume 7 Nomor 1 Tahun 2024

The Impact of Open Trade on Economic Growth in ASEAN Developing Countries

Yaqin, Muhammad Riza Ainul (Unknown)
Sulistyono, Setyo Wahyu (Unknown)



Article Info

Publish Date
07 May 2024

Abstract

Trade openness promotes industrialization and has a significant impact on a nation's economic development. Increased economic growth can be a result of foreign investment, and state revenue can rise as a result of significant exports of domestic goods. This study aims to assess how economic trade openness affects the economic development of ASEAN nations. Cross-sectional and time-series analyses were conducted using panel data between 2013 and 2022. The study demonstrates that whereas FDI and positive and major economic growth, exports and positive and large economic growth, and imports and negative and insignificant economic growth, are all associated with significant inflation and negative economic growth. It is anticipated that the nation will raise the standard of goods to promote commerce and economic progress.

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Journal Info

Abbrev

JSE

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Journal Simki Economic is open access, peer-reviewed journal whose objectives is to publish original research papers related to the Indonesian economy and business issues. This journal is also dedicated to disseminating the published articles freely for international academicians, researchers, ...