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The impact of pandemic COVID-19 on remittances and macroeconomy fundamental in ASEAN 6

Jurnal Perspektif Pembiayaan dan Pembangunan Daerah · Vol. 10 No. 1 (2022) · pp. 1–12

DOI
10.22437/ppd.v10i1.15476
ISSN
2355-8520, 2338-4603
Published
2022-04-30
Publisher
Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
Language
en
License
creativecommons.org/licenses/by/4.0

Abstract

Globalization and liberalization increasingly provide opportunities for each country to increase regional and global cooperation. Socio-economic integration is also increasing, along with community cooperation in the regional and global scope. This study aims to determine the effect of remittances and other macroeconomic variables such as FDI, inflation, and export-import on GDP per capita in ASEAN 6 countries. The panel data analysis method used is regression using panel data sourced from the World Bank and ASEAN datasets in the form of annual data. The estimation results from FEM found that exports and remittances showed a significant positive effect on GDP per capita in ASEAN 6. In addition, imports showed a significant negative effect on GDP per capita in ASEAN 6. Meanwhile, several macroeconomic variables that were not significant were FDI, which showed a significant negative effect. Positive but not significant, inflation has a negative but not significant effect on GDP per capita in ASEAN 6. The emphasis on the positive effect of remittances on GDP per capita proves that the flow of remittances into developing countries will help increase income per capita. Vice versa, a crisis that hinders the increase in the enthusiasm of emigrants. The COVID-19 pandemic delays the emigrant's production activities and increases that will hinder the flow of remittances into the country of origin, such as in ASEAN 6 countries.

Keywords

Collaboration network of the authors

9 authors · 15 co-authorship links · 6 across different organisations

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • Universitas Jember
  • Politeknik Negeri Jember
  • Sunan Gunung Djati State Islamic University Bandung
  • Institut Teknologi dan Sains Mandala
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Mustofa MustofaSunan Gunung Djati State Islamic University Bandung2
Nely SupeniInstitut Teknologi dan Sains Mandala2
Ananda Fauziah MuktiUniversitas Jember1
RiniatiUniversitas Jember1
Raden Alamsyah SutantioPoliteknik Negeri Jember1

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://online-journal.unja.ac.id/index.php/JES/oai, first harvested 6 Nov 2026, last seen 8 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">The impact of pandemic COVID-19 on remittances and macroeconomy fundamental in ASEAN 6</dc:title>
	<dc:creator xml:lang="en">Komariyah, Siti</dc:creator>
	<dc:creator xml:lang="en">Yuliati, Lilis</dc:creator>
	<dc:creator xml:lang="en">Adenan, Moh</dc:creator>
	<dc:creator xml:lang="en">Wahyu P, Fajar</dc:creator>
	<dc:subject xml:lang="en">Internation migration</dc:subject>
	<dc:subject xml:lang="en">Macroeconomy</dc:subject>
	<dc:subject xml:lang="en">Pandemic COVID-19</dc:subject>
	<dc:subject xml:lang="en">Remittances</dc:subject>
	<dc:description xml:lang="en">Globalization and liberalization increasingly provide opportunities for each country to increase regional and global cooperation. Socio-economic integration is also increasing, along with community cooperation in the regional and global scope. This study aims to determine the effect of remittances and other macroeconomic variables such as FDI, inflation, and export-import on GDP per capita in ASEAN 6 countries. The panel data analysis method used is regression using panel data sourced from the World Bank and ASEAN datasets in the form of annual data. The estimation results from FEM found that exports and remittances showed a significant positive effect on GDP per capita in ASEAN 6. In addition, imports showed a significant negative effect on GDP per capita in ASEAN 6. Meanwhile, several macroeconomic variables that were not significant were FDI, which showed a significant negative effect. Positive but not significant, inflation has a negative but not significant effect on GDP per capita in ASEAN 6. The emphasis on the positive effect of remittances on GDP per capita proves that the flow of remittances into developing countries will help increase income per capita. Vice versa, a crisis that hinders the increase in the enthusiasm of emigrants. The COVID-19 pandemic delays the emigrant's production activities and increases that will hinder the flow of remittances into the country of origin, such as in ASEAN 6 countries.</dc:description>
	<dc:publisher xml:lang="en">Program Magister Ilmu Ekonomi  Pascasarjana Universitas Jambi</dc:publisher>
	<dc:date>2022-04-30</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
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	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://online-journal.unja.ac.id/JES/article/view/15476</dc:identifier>
	<dc:identifier>10.22437/ppd.v10i1.15476</dc:identifier>
	<dc:source xml:lang="en">Jurnal Perspektif Pembiayaan dan Pembangunan Daerah; Vol. 10 No. 1 (2022): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah; 1 - 12</dc:source>
	<dc:source>2355-8520</dc:source>
	<dc:source>2338-4603</dc:source>
	<dc:language>en</dc:language>
	<dc:relation>https://online-journal.unja.ac.id/JES/article/view/15476/13309</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2022 Siti Komariyah, Lilis Yuliati, Moh Adenan; Fajar Wahyu P</dc:rights>
	<dc:rights xml:lang="en">https://creativecommons.org/licenses/by/4.0</dc:rights>
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