The Impact of Control of Corruption, Human Development Index, and Macroeconomics on Economic Growth Rates in Low-Middle Income Countries-Reference-Cited by-同舟云学术

The Impact of Control of Corruption, Human Development Index, and Macroeconomics on Economic Growth Rates in Low-Middle Income Countries

Published:2023-05-15 Issue: Volume:20 Page:1030-1041
ISSN:2224-2899
Container-title:WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS
language:en
Short-container-title:

Author:

Wahyudi Heru¹,Suripto Suripto²,Husain Fakhri Rizal³,Palupi Widia Anggi⁴

Affiliation:

1. Economic Development, Faculty of Economics and Business, University of Lampung, Jln. H. Komarudin, Rajabasa Raya, Rajabasa, Bandar Lampung, INDONESIA

2. Business Administration, Faculty of Social and Political Sciences, University of Lampung, Jln. H. Komarudin, Rajabasa Raya, Rajabasa, Bandar Lampung, INDONESIA

3. Economic Development, Faculty of Economics and Business, University of Lampung, Puri Sejahtera Blok F No. 3, Hajimena, Natar, Lampung Selatan, INDONESIA

4. Economic Development, Faculty of Economics and Business, University of Lampung, Landani House, Rajabasa, Rajabasa, Bandar Lampung, INDONESIA

Abstract

Economic growth is part of the indicators used in assessing economic performance and it also becomes a benchmark for developing a country. Therefore, this study aims to determine the effect of control of corruption, human development index, inflation, and exchange rate on economic growth in 15 low-middle-income countries in Asia between 2016–2020. Furthermore, secondary data obtained from the World Bank in the form of panel data were utilized and processed using the EViews 10 analysis tool. The results showed control of corruption and the human development index had a positive and significant impact on the level of economic growth in Asia's lower middle-income countries in 2016-2020. However, inflation and exchange rates had a negative and significant impact on economic growth rates.

Publisher

World Scientific and Engineering Academy and Society (WSEAS)

Subject

Economics and Econometrics,Finance,Business and International Management

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