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ECONOMIC GROWTH DETERMINANTS OF ASEAN COUNTRIES: BEFORE AND AFTER THE COVID-19 PANDEMIC

Business and Economic Analysis Journal · Vol. 5 No. 1 (2025) · hlm. 1–14

DOI
10.15294/beaj.v5i1.5yz2hb49
ISSN
2798-396X, 2776-9682
Terbit
2025-05-10
Penerbit
Universitas Negeri Semarang
Bahasa
eng

Abstrak

Economic growth in ASEAN countries in recent decades has attracted the attention of many parties, both academics and practitioners. This study evaluates the various factors contributing to ASEAN countries' economic growth. The factors analyzed include human development index, exports, foreign investment, exchange rates, population, and dummy variables (before and after) the COVID-19 pandemic. This research uses a quantitative approach with the object of research, namely ASEAN countries, from 2018 to 2022. Data sources from the World Bank, the National Statistics Bureau, and other credible sources. Based on the results of the analysis, the human development index and foreign investment have a positive and significant effect on economic growth. In contrast, exports, exchange rates, population, and dummy variables positively and insignificantly impact economic growth. Suggestions that can be given are that each country must pay attention, especially to policies on exports, which include duties, excise, and taxes. In addition, a large quantity of population does not guarantee the success of a nation, therefore it is necessary to pay attention to the quality side as well, this can be done by paying attention to the education side which correlates with the demand for labor, so that there is no imbalance between demand and supply of labor.

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  • State University of Semarang
  • Diponegoro University
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Rekan penulisOrganisasiArtikel bersama
Ahmad SehabuddinState University of Semarang3
Indri MurniawatyState University of Semarang2
Nina OktarinaState University of Semarang2
Murwatiningsih MurwatiningsihState University of Semarang2
Sucihatiningsih Dian Wisika PrajantiState University of Semarang2
Risanda Alirastra BudiantoroState University of Semarang1
Ilham RomadonaState University of Semarang1
Linda Ika WahyuntariAfiliasi tidak diketahui1
Eka Dian PuspitasariState University of Semarang1
Lavinia Elisa BerlianaAfiliasi tidak diketahui1
Ilma Ulfatul JanahState University of Semarang1
Nadya Astin SaraswatiDiponegoro University1
Ragil HaryantoDiponegoro University1
Mada SophianingrumDiponegoro University1
Mohamad ImronState University of Semarang1
Prasetyo Ari BowoState University of Semarang1
Reza Nadya Isabella PutriState University of Semarang1
Revindi Aryandwita UtariState University of Semarang1
Vina TaharaState University of Semarang1
Maldhimas Uut WardanaState University of Semarang1
Muhammad ZakiState University of Semarang1
Adnan Abdul SafiiState University of Semarang1
Andi Tidar FebriyantoState University of Semarang1
Mashuri MashuriState University of Semarang1
Hana Yunita AnggrainiState University of Semarang1
Indri MurniatyState University of Semarang1
Ajeng ListiyaniState University of Semarang1
Ira Nur RohmahState University of Semarang1
Bestari Dwi HandayaniState University of Semarang1
S. Yasotha MargaretState University of Semarang1
Sinta SaraswatiState University of Semarang1
Widowati WidowatiState University of Semarang1
Retno MarlangenState University of Semarang1
Amin RetnoningsihState University of Semarang1
Junita AstutikState University of Semarang1
Inez Salsabila AryosoState University of Semarang1
Lusi Rachmiazasi MasdukiAfiliasi tidak diketahui1

Afiliasi berasal dari OpenAlex; metadata OAI-PMH jurnal tidak memuatnya. Penulis tanpa ID OpenAlex dicocokkan berdasarkan nama, sehingga dua orang bisa tergabung atau satu orang bisa terpisah.

Sumber metadata: OAI-PMH (metadata jurnal) https://journal.unnes.ac.id/journals/beaj/oai, pertama di-harvest 5 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc) 
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	<dc:title xml:lang="en">ECONOMIC GROWTH DETERMINANTS OF ASEAN COUNTRIES: BEFORE AND AFTER THE COVID-19 PANDEMIC</dc:title>
	<dc:creator xml:lang="en">Hasanah, Uswatun</dc:creator>
	<dc:creator xml:lang="en">Joko Widodo</dc:creator>
	<dc:creator xml:lang="en">Amin Pujiati</dc:creator>
	<dc:subject xml:lang="en">Economic Growth</dc:subject>
	<dc:subject xml:lang="en">Exchange Rate</dc:subject>
	<dc:subject xml:lang="en">Export</dc:subject>
	<dc:subject xml:lang="en">Foreign Direct Investment</dc:subject>
	<dc:subject xml:lang="en">Human Development Index</dc:subject>
	<dc:description xml:lang="en">Economic growth in ASEAN countries in recent decades has attracted the attention of many parties, both academics and practitioners. This study evaluates the various factors contributing to ASEAN countries' economic growth. The factors analyzed include human development index, exports, foreign investment, exchange rates, population, and dummy variables (before and after) the COVID-19 pandemic. This research uses a quantitative approach with the object of research, namely ASEAN countries, from 2018 to 2022. Data sources from the World Bank, the National Statistics Bureau, and other credible sources. Based on the results of the analysis, the human development index and foreign investment have a positive and significant effect on economic growth. In contrast, exports, exchange rates, population, and dummy variables positively and insignificantly impact economic growth. Suggestions that can be given are that each country must pay attention, especially to policies on exports, which include duties, excise, and taxes. In addition, a large quantity of population does not guarantee the success of a nation, therefore it is necessary to pay attention to the quality side as well, this can be done by paying attention to the education side which correlates with the demand for labor, so that there is no imbalance between demand and supply of labor.</dc:description>
	<dc:publisher xml:lang="en">Universitas Negeri Semarang</dc:publisher>
	<dc:date>2025-05-10</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unnes.ac.id/journals/beaj/article/view/16272</dc:identifier>
	<dc:identifier>10.15294/beaj.v5i1.5yz2hb49</dc:identifier>
	<dc:source xml:lang="en">Business and Economic Analysis Journal; Vol. 5 No. 1 (2025): May 2025; 1-14</dc:source>
	<dc:source>2798-396X</dc:source>
	<dc:source>2776-9682</dc:source>
	<dc:source>10.15294/beaj.v5i1.qgdj8z74</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/journals/beaj/article/view/16272/3976</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2025 Business and Economic Analysis Journal</dc:rights>
</oai_dc:dc>