The Influence of Globalization Dimensions on Economic Growth in ASEAN-Reference-Cited by-同舟云学术

The Influence of Globalization Dimensions on Economic Growth in ASEAN

Published:2023-03-24 Issue: Volume:22 Page:321-329
ISSN:2224-2678
Container-title:WSEAS TRANSACTIONS ON SYSTEMS
language:en
Short-container-title:

Author:

Wahyudi Heru¹,Nindien Qurrota Ayu²,Marselina Marselina³,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. Economic Development, Faculty of Economics and Business University of Lampung Jl. Jati Baru 2 No. 3, Durian Payung, Tanjung Karang Pusat, Bandar Lampung INDONESIA

3. Economic Development, Faculty of Economics and Business University of Lampung Gang Swadaya 4, Gunung Terang, Kedaton, Bandar Lampung INDONESIA

4. Economic Development, Faculty of Economics and Business University of Lampung Wisma Cantik Manis, Rajabasa, Bandar Lampung INDONESIA

Abstract

Globalization is one of the keys related to the success of the country's economy. This study aims to find out how globalization affects economic growth. The globalization index used in this study includes economic globalization, political globalization, and social globalization. The object of this study was 10 ASEAN countries from 2013 to 2019. The method used in this study was Ordinary Least Squares (OLS) using the EViews 10 application. The research procedure goes through several stages, including classical assumption testing consisting of normality tests, multicollinearity detection, heteroskedasticity tests, and autocorrelation tests. Furthermore, testing for the best model selection is carried out, and hypothesis testing is carried out. The results of this study show that globalization can improve the economies of 10 ASEAN countries. This can be seen in economic, political, and social globalization, both partially and simultaneously having a significant positive effect on economic growth. Finally, this study provides policy recommendations for ASEAN countries related to globalization and economic development.

Publisher

World Scientific and Engineering Academy and Society (WSEAS)

Subject

Computer Science Applications,Control and Systems Engineering

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