Al-Kharaj: Journal of Islamic Economic and Business
Vol. 7 No. 3 (2025): : All articles in this issue include authors from 3 countries of origin (Indone

The Impact of Inflation, Foreign Trade and Exchange Rates on Economic Growth in 5 ASEAN Countries

Atika, Dina (Unknown)
Fahriansah (Unknown)
Astina, Chahayu (Unknown)



Article Info

Publish Date
02 Aug 2025

Abstract

This study aims to examine and analyze the partial and simultaneous influence of inflation , foreign trade , and exchange rates on economic growth in ASEAN countries . This study uses quantitative methods and descriptive data analysis. The sample in this study is five ASEAN countries . which was first formed . The results of this study indicate that inflation partially has a positive and significant effect on economic growth in ASEAN countries . With a probability value of 0.0247 <0.05, while the calculated T and T table values are 2.1161 > 2.01290 . The import probability value is 0.0478 <0.05, while the calculated T and T table values are 2.0112 > 2.01290. The import probability value is 0.3595 > 0.05, while the calculated T and T table values are 0.9741 <2.01290. The exchange rate probability value is 0.2086 > 0.05, while the calculated T and T table values are 1.0207 <2.01290. And the Prob F-Statistic value is 0.000015. Since the F-Statistic value is 0.000015 < 0.05, Ha is rejected and Ho is accepted. Therefore, it can be concluded that inflation, exports, imports, and exchange rates simultaneously have a positive and significant effect on economic growth in ASEAN countries.  

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Journal Info

Abbrev

alkharaj

Publisher

Subject

Economics, Econometrics & Finance

Description

Al-Kharaj, Journal of Islamic Economic and Business is peer-reviewed journal published by program studi ekonomi syariah , Institut Agama Islam Negeri (IAIN) Palopo. Al-Kharaj focus on the research of Islamic Economic and Business. The aims of this journal is to explore and develop economic related ...