Efficient: Indonesian Journal of Development Economics
Vol. 6 No. 3 (2023)

Analysis of the Determinants of Economic Growth in G20 Countries 2012-2021

Deni Putra Paratama (Unknown)



Article Info

Publish Date
21 Dec 2023

Abstract

Economic growth is one of the indicators that can be used by a country to assess and evaluate the condition of economic development within a country. This research aims to examine how government debt, foreign direct investment, foreign exchange reserves, and exports can affect economic growth and aims to determine the short-term and long-term relationship of the independent variable used to the dependent variable. The data used in this research is a type of panel data starting from 2012 to 2021 with the object of research of 19 countries in the G20 group. The analytical tool used in this research is Pooled Mean Group/Autoregressive Distributed Lag (ARDL). The results of this research show that in the short-term government debt, foreign direct investment has a positive and insignificant relationship with economic growth. On the other hand, exports have a positive and significant relationship to economic growth in the short term.

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Journal Info

Abbrev

efficient

Publisher

Subject

Economics, Econometrics & Finance

Description

Efficient Journal is a journal base on the economics and development studies. This journal publishes a research paper related to specific themes such as macro economics, small and medium enterprises, public policy, monetary economics, development studies, international economics, trade economics, ...