Diponegoro Journal of Economics
Vol 11, No 3 (2022)

Pengaruh Financial Development, Kemajuan Teknologi dan Modal Manusia Terhadap Pertumbuhan Ekonomi ASEAN-8

Eni Setyo Purwanti (Department of Economics, Universitas Diponegoro, Jl. Prof. Sudarto, SH, Tembalang, Semarang, Indonesia 50275)
Akhmad Syakir Kurnia (Department of Economics, Universitas Diponegoro, Jl. Prof. Sudarto, SH, Tembalang, Semarang, Indonesia 50275)



Article Info

Publish Date
30 Sep 2022

Abstract

Economic growth is an indicator of economic performance that is a measure of the success of a country. The 2008 global financial crisis demonstrated the critical role of the financial sector in economic growth.  Therefore, this study aims to analyze the effect of financial sector development, technological progress, and human capital on economic growth in 8 ASEAN countries from 2000 to 2019. This study uses secondary data consisting of gross domestic product (GDP), financial development index, gross fixed capital formation (PMTB), individuals using the internet, and education index. The analytical tool used in estimating the regression model in the study is the fixed-effect model with the generalized least square (GLS) method. The results show that financial development has a negative and significant effect on economic growth in 8 ASEAN countries. Meanwhile, technological progress, human capital, PMTB, and the interaction between financial development and PMTB have a positive and significant impact on economic growth in 8 ASEAN countries.

Copyrights © 2022






Journal Info

Abbrev

jme

Publisher

Subject

Economics, Econometrics & Finance

Description

Media publikasi karya ilmiah lulusan S1 Prodi Ilmu Ekonomi dan Studi Pembangunan Fakultas Ekonomika dan Bisnis Universitas Diponegoro yang berisi tentang kajian pembangunan dan kajian ekonomi beserta seluruh ...