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INTERACTION BETWEEN GOVERNMENT EXPENDITURE, GOOD GOVERNANCE, AND ECONOMIC GROWTH IN THE ASIA AND AFRICA REGION

Business and Economic Analysis Journal · Vol. 4 No. 2 (2024) · pp. 62–76

DOI
10.15294/beaj.v4i2.3traek57
ISSN
2798-396X, 2776-9682
Published
2024-11-01
Publisher
Universitas Negeri Semarang
Language
eng

Abstract

This research is motivated by the gap phenomenon in Asia and Africa, where there is a discrepancy between theory and previous research and the reality in these two regions. Based on government governance data, Asia and Africa have institutional qualities that could be better than other regions in the world. However, poor institutional quality does not reduce economic growth in the Asian and African regions. This research uses data from the World Bank and World Governance Indicators for the 2000-2022 period using variables of government governance, government spending, and economic growth. This research uses the FMOLS method using Eviews 10. The research results show that political stability, regulatory quality, and control of corruption have a positive and significant effect on economic growth in the Asian and African regions. Meanwhile, the effectiveness of government performance and the rule of law positively and significantly impact economic growth in the Asian region but do not influence the African region. The research results on the voice and accountability variables show no influence on economic growth in the Asian region. Still, the African region positively and significantly impacts economic growth.

Keywords

Collaboration network of the authors

40 authors · 81 co-authorship links · showing the 40 most connected

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  • State University of Semarang
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
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Co-authorOrganisationJoint articles
Sucihatiningsih Dian Wisika PrajantiState University of Semarang4
Rusdarti RusdartiAffiliation unknown3
Dwi RahmayaniAffiliation unknown3
Yozi Aulia RahmanAffiliation unknown2
P. Eko PrasetyoAffiliation unknown2
Deky Aji SusenoAffiliation unknown2
Heri YantoAffiliation unknown1
Amilia Widya PangestiAffiliation unknown1
Dini Mellinda KrisnawatiAffiliation unknown1
Ahmad Syahrul FauziAffiliation unknown1
Luthfi Ibnu TsaniAffiliation unknown1
Rasyad Nu'manAffiliation unknown1
Erman Denny ArfintoAffiliation unknown1
Ageng Cokro Syahid HasyimAffiliation unknown1
Duyu FurohmahAffiliation unknown1
Triyani LestariAffiliation unknown1
Fafurida FafuridaAffiliation unknown1
Ririn Bella SilviaAffiliation unknown1
Nurjannah Rahayu KistantiAffiliation unknown1
Mifta Qoirun Nisa ArifinAffiliation unknown1
Elvira Latifa IsnainiAffiliation unknown1
Anton SupriyadiAffiliation unknown1
Muhammad Roy Joni IskandarAffiliation unknown1
Andini KurniasariAffiliation unknown1
Syafna FauziaAffiliation unknown1
Ilham Aldi NurrochmanAffiliation unknown1
Durrotul HikmahAffiliation unknown1
Dina Hernita LestariAffiliation unknown1
Fiki Dwi AisyahAffiliation unknown1
Regina LulufaniAffiliation unknown1
Audina Rizka NoormalitasariAffiliation unknown1
Sefria ElinaAffiliation unknown1
Adinda Dwi NurlestariAffiliation unknown1
Annisa ShofuraAffiliation unknown1
Dyah Maya NihayahAffiliation unknown1
Avi Budi SetiawanAffiliation unknown1
Farida Nur AzizahAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.unnes.ac.id/journals/beaj/oai, first harvested 5 Nov 2026, last seen 5 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">INTERACTION BETWEEN GOVERNMENT EXPENDITURE, GOOD GOVERNANCE, AND ECONOMIC GROWTH IN THE ASIA AND AFRICA REGION</dc:title>
	<dc:creator xml:lang="en">Dwi Tri Mega Rahayu</dc:creator>
	<dc:creator xml:lang="en">Andryan Setyadharma</dc:creator>
	<dc:creator xml:lang="en">Shanty Oktavilia</dc:creator>
	<dc:subject xml:lang="en">Economic Growth</dc:subject>
	<dc:subject xml:lang="en">Government Governance</dc:subject>
	<dc:subject xml:lang="en">Government Spending</dc:subject>
	<dc:description xml:lang="en">This research is motivated by the gap phenomenon in Asia and Africa, where there is a discrepancy between theory and previous research and the reality in these two regions. Based on government governance data, Asia and Africa have institutional qualities that could be better than other regions in the world. However, poor institutional quality does not reduce economic growth in the Asian and African regions. This research uses data from the World Bank and World Governance Indicators for the 2000-2022 period using variables of government governance, government spending, and economic growth. This research uses the FMOLS method using Eviews 10. The research results show that political stability, regulatory quality, and control of corruption have a positive and significant effect on economic growth in the Asian and African regions. Meanwhile, the effectiveness of government performance and the rule of law positively and significantly impact economic growth in the Asian region but do not influence the African region. The research results on the voice and accountability variables show no influence on economic growth in the Asian region. Still, the African region positively and significantly impacts economic growth.</dc:description>
	<dc:publisher xml:lang="en">Universitas Negeri Semarang</dc:publisher>
	<dc:date>2024-11-01</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/8569</dc:identifier>
	<dc:identifier>10.15294/beaj.v4i2.3traek57</dc:identifier>
	<dc:source xml:lang="en">Business and Economic Analysis Journal; Vol. 4 No. 2 (2024): November 2024; 62-76</dc:source>
	<dc:source>2798-396X</dc:source>
	<dc:source>2776-9682</dc:source>
	<dc:source>10.15294/beaj.v4i2.ebep0c50</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/journals/beaj/article/view/8569/1387</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2024 Business and Economic Analysis Journal</dc:rights>
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