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Investigating Kaldor’s Theory in ASEAN-5 Countries

Efficient: Indonesian Journal of Development Economics · Vol. 7 No. 3 (2024) · hlm. 285–291

DOI
10.15294/efficient.v7i3.14921
ISSN
2655-318X, 2655-6197
Terbit
2024-12-27
Penerbit
Universitas Negeri Semarang
Bahasa
eng

Abstrak

Manufacturing is a strategic key sector in driving a country's productivity, which will increase per capita income. However, manufacturing has lost its relative role in both developed and developing countries. Five countries in the Southeast Asia region, namely Malaysia, Thailand, Indonesia, the Philippines, and Vietnam are five countries in the middle-income category that have the largest Gross Domestic Product (GDP) in the Southeast Asia region. Based on World Bank data 2023 states that GNI per capita in 2023, namely Indonesia is ranked 112th, Thailand is ranked 80th, Malaysia is ranked 60th, the Philippines is ranked 113th, and Vietnam is ranked 131st. This study aims to analyze the influence of the variables Manufacturing, Foreign Direct Investment, Liner Shipping Connectivity Index, Mobile-cellular Telephone Subscriptions, and Education Index on Gross National Income per capita in five Southeast Asia countries from 2013 to 2022. Using panel data analysis, it is explained that the panel data regression estimation model Fixed Effect Model (FEM) shows an adjusted R2 value of 0.9833. The variables in this study have a significant effect on GNI per capita, namely the variables Manufacturing, Foreign Direct Investment, Liner Shipping Connectivity Index, Mobile-cellular Telephone Subscriptions, Education Index.

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  • State University of Semarang
  • Sebelas Maret University
  • Universitas Bina Darma
  • Al Zawiya University
  • INTI International University
  • Universitas Ahmad Dahlan
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Rekan penulisOrganisasiArtikel bersama
Deky Aji SusenoState University of Semarang2
Emi WidiyantiSebelas Maret University2
Heru IriantoSebelas Maret University2
Deshinta Arrova DewiINTI International University1
Sunda ArianaUniversitas Bina Darma1
Sulaiman HelmiUniversitas Bina Darma1
Mashal AlqudahAfiliasi tidak diketahui1
Rizqi Ulfa NurlailiSebelas Maret University1
Witati WitatiState University of Semarang1
Vita Kartika SariSebelas Maret University1
Vera Candra PrabaswatiState University of Semarang1
Izza MafruhahSebelas Maret University1
Dewi IsmoyowatiSebelas Maret University1
Nurul HasanaAfiliasi tidak diketahui1
Nurul IstiqomahSebelas Maret University1
Anik RahmawatiState University of Semarang1
Annisa Aulia RohmahState University of Semarang1
Dewi Pardian Intan PratamaState University of Semarang1
Annis Nurfitriana NihayahState University of Semarang1
Nurjannah Rahayu KistantiState University of Semarang1
Ayuntavia AyuntaviaAfiliasi tidak diketahui1
Grace Natalia MarpaungState University of Semarang1
Prasetyo Ari BowoState University of Semarang1
Sepviana Nur KumalaSebelas Maret University1
Sucihatiningsih Dian Wisika PrajantiState University of Semarang1
Shanty OktaviliaState University of Semarang1
Dafa Afif PratamaState University of Semarang1
Prahastiwi UtariSebelas Maret University1
Dwiningtyas PadmaningrumSebelas Maret University1
Suminah SuminahSebelas Maret University1
Khairullah KhairullahUniversitas Ahmad Dahlan1
Dyah Maya NihayahState University of Semarang1
Karsinah KarsinahState University of Semarang1
Yunastiti PurwaningsihSebelas Maret University1
H. HariniSebelas Maret University1

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Sumber metadata: OAI-PMH (metadata jurnal) https://journal.unnes.ac.id/journals/efficient/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">Investigating Kaldor’s Theory in ASEAN-5 Countries</dc:title>
	<dc:creator xml:lang="en">Phany Ineke Putri</dc:creator>
	<dc:creator xml:lang="en">Malik Cahyadin</dc:creator>
	<dc:creator xml:lang="en">Basem Ertimi</dc:creator>
	<dc:subject xml:lang="en">middle income trap</dc:subject>
	<dc:subject xml:lang="en">gross national income</dc:subject>
	<dc:subject xml:lang="en">per capita</dc:subject>
	<dc:subject xml:lang="en">economic development</dc:subject>
	<dc:description xml:lang="en">Manufacturing is a strategic key sector in driving a country's productivity, which will increase per capita income. However, manufacturing has lost its relative role in both developed and developing countries. Five countries in the Southeast Asia region, namely Malaysia, Thailand, Indonesia, the Philippines, and Vietnam are five countries in the middle-income category that have the largest Gross Domestic Product (GDP) in the Southeast Asia region. Based on World Bank data 2023 states that GNI per capita in 2023, namely Indonesia is ranked 112th, Thailand is ranked 80th, Malaysia is ranked 60th, the Philippines is ranked 113th, and Vietnam is ranked 131st. This study aims to analyze the influence of the variables Manufacturing, Foreign Direct Investment, Liner Shipping Connectivity Index, Mobile-cellular Telephone Subscriptions, and Education Index on Gross National Income per capita in five Southeast Asia countries from 2013 to 2022. Using panel data analysis, it is explained that the panel data regression estimation model Fixed Effect Model (FEM) shows an adjusted R2 value of 0.9833. The variables in this study have a significant effect on GNI per capita, namely the variables Manufacturing, Foreign Direct Investment, Liner Shipping Connectivity Index, Mobile-cellular Telephone Subscriptions, Education Index.</dc:description>
	<dc:publisher xml:lang="en">Universitas Negeri Semarang</dc:publisher>
	<dc:date>2024-12-27</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/efficient/article/view/14921</dc:identifier>
	<dc:identifier>10.15294/efficient.v7i3.14921</dc:identifier>
	<dc:source xml:lang="en">Efficient: Indonesian Journal of Development Economics; Vol. 7 No. 3 (2024); 285-291</dc:source>
	<dc:source>2655-318X</dc:source>
	<dc:source>2655-6197</dc:source>
	<dc:source>10.15294/wc0k8a54</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/journals/efficient/article/view/14921/2648</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2024 Efficient: Indonesian Journal of Development Economics</dc:rights>
</oai_dc:dc>