Andryan Setyadharma, FEB Ilmu Ekonomi (2022) Determinants of GDP Growth in Asean-5 Using Panel Method. Ecoplan: Journal of Economics and Development Studies, 5 (1). p. 64. ISSN 2620-6102

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Abstract

The spread of COVID-19 throughout the world is causing concern around the world. This study aims to assess the impact of COVID-19, especially on the economic sector. We examine the economic impact of the coronavirus in various ASEAN-5 countries by analyzing their respective economies from 2018 to 2020. The data is processed using the Panel Method. The results of this study indicate that foreign exchange reserves and net exports have a negative and significant effect on the economic growth of ASEAN-5. At the same time, the exchange rate and stock price index have a positive and significant impact on the economic growth of ASEAN-5. Then FDI has no significant effect on the economic growth of ASEAN-5.

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