ENDLESS : International Journal of Future Studies
Vol. 6 No. 3 (2023): ENDLESS: International Journal of Future Studies

Financial Development Analysis of Economic Growth in ASEAN

Ayulia Yolanda (Universitas Negeri Padang, Indonesia)
Sri Ulfa Sentosa (Universitas Negeri Padang, Indonesia)



Article Info

Publish Date
22 Sep 2023

Abstract

This study aims to analyze the effect of domestic credit to private sector, bank overhead cost to total assets, stock prices volatility and loand net bank to GDP on economic growth in ASEAN, research countries include Indonesia, Malaysia, Thailand, the Philippines and Vietnam during the period 2001-2020 by applying the panel equation analysis method. An important finding in this study is that domestic credit to the private sector has a negative and significant impact on economic growth in ASEAN, while bank overhead costs to total assets affect economic growth positively and significantly in ASEAN. Furthermore, stock price volatility affects economic growth negatively and is significantly influenced in ASEAN and net bank loans to GDP affects economic growth positively and significantly in ASEAN. This study recommends that policy makers need to seek appropriate economic strategies to increase economic growth from the aspect of financial development.

Copyrights © 2023






Journal Info

Abbrev

endless

Publisher

Subject

Economics, Econometrics & Finance Environmental Science Industrial & Manufacturing Engineering Law, Crime, Criminology & Criminal Justice

Description

Focus & Scope ENDLESS: International Journal of Futures Studies is a globally-oriented, trans-disciplinary refereed journal. Its mission is to develop high-quality, future-oriented research and thinking, based on the evolving knowledge base of Futures Studies / Foresight. The Journal’s approach ...