Globalizational and Macroeconomics Performance: A Case of ASEAN Countries

DOI

10.2991/icebess-18.2019.12How to use a DOI?

Keywords

economic globalization, capital, labor, openes, GDP, ASEAN

Abstract

The ASEAN Economic Community was formed with the aim of achieving the perfection of economic integration in the ASEAN region which is believed to provide tangible benefits to all elements of society. The phenomenon of globalization can be seen from the growth of cross-country economic activities in various forms. Among other things, the two forms of economic activity are significantly more global, namely the flow of trade and international capital flows. This study uses quantitative methods with secondary data by panel period 2012-2016 by combining 10 ASEAN countries (Indonesia, Malaysia, Singapore, Thailand, Philippines, Vietnam, Myanmar, Brunei, Laos, Cambodia). The result of t test partially obtained is the probability value of t-statistic obtained 0.0000. Then the statistical probability <α = 5% is 0.0000 <0.05. So, it can be concluded that the variable of capital partially has a positive significance to the variable GDP. While the probability value of t-statistics obtained is 0.4191, then the statistical probability <α = 5% is 0.4191> 0.005. So, it can be concluded that the variable labor partially does not affect the significance of the variable GDP. While the value of probability t-statistics obtained 0.0251. Then the statistical probability <α = 5% is 0.0251 <0.05. but t-statistically marked negative (-) So it can be concluded that the variable of labor partially has a negative effect and significance to the variable of GDP. F test results Simultaneous results are known that F count> F table (1807.174> 3.69) then H0 rejected and H1 accepted (F arithmetic is in reception area H1). Then also probability (prob.) From above table that is equal to 0.000> 0.005, then H0 is rejected and H1 accepted. Hence, simultaneously or together the variable capital, labor, openness simultaneously positive and significant to the variable GDP. In the Capital Variables each ASEAN country has excellent capital so that it becomes the main support for the success of the ASEAN Economic Community. While the Labor Variables seen each country is still constrained to the workforce. While the influence of openness to GDP growth of ASEAN countries needs to be improved especially in producing products that can be exported and reduce the import of goods.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Edi Wahyu Wibowo
AU  - Jaenudin Akhmad
AU  - Agung Edi Rustanto
PY  - 2019/04
DA  - 2019/04
TI  - Globalizational and Macroeconomics Performance: A Case of ASEAN Countries
BT  - Proceedings of the International Conference of Ethics on Business, Economics, and Social Science (ICEBESS 2018)
PB  - Atlantis Press
SP  - 68
EP  - 72
SN  - 2352-5398
UR  - https://doi.org/10.2991/icebess-18.2019.12
DO  - 10.2991/icebess-18.2019.12
ID  - Wibowo2019/04
ER  -