Proceedings of the 2nd International Conference on Law, Social Science, Economics, and Education, ICLSSEE 2022, 16 April 2022, Semarang, Indonesia

Research Article

An Examination of The Impact of Several Monetary Variables on Economic Growth and International Investment (Study on ASEAN Countries)

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  • @INPROCEEDINGS{10.4108/eai.16-4-2022.2320124,
        author={Zainal  Arifin and Cicih  Ratnasih and Machfud  Sidik},
        title={An Examination of The Impact of Several Monetary Variables on Economic Growth and International Investment (Study on ASEAN Countries)},
        proceedings={Proceedings of the 2nd International Conference on Law, Social Science, Economics, and Education, ICLSSEE 2022, 16 April 2022, Semarang, Indonesia},
        publisher={EAI},
        proceedings_a={ICLSSEE},
        year={2022},
        month={8},
        keywords={monetary variables; economic growth; fdi},
        doi={10.4108/eai.16-4-2022.2320124}
    }
    
  • Zainal Arifin
    Cicih Ratnasih
    Machfud Sidik
    Year: 2022
    An Examination of The Impact of Several Monetary Variables on Economic Growth and International Investment (Study on ASEAN Countries)
    ICLSSEE
    EAI
    DOI: 10.4108/eai.16-4-2022.2320124
Zainal Arifin1,*, Cicih Ratnasih1, Machfud Sidik1
  • 1: Universitas Borobudur, Jakarta, Indonesia
*Contact email: zainalarifin281162@gmail.com

Abstract

The impact of monetary variables such as the money supply, interest rates, inflation, public savings, and the impact of the exchange rate on economic growth and its implications for Foreign Direct Investment (FDI) in ASEAN countries such as Indonesia, Malaysia, Singapore, and Thailand is examined in this study. The data used is panel data for 40 years, namely from 1981 - 2020. Multiple regression of panel data was used as the database analysis approach, where if the panel data owned has a number of times (T) greater than the number of individuals (N) then it is recommended to use the Fixed Effect model. The results of the study obtained that JUB, Bond yields, inflationary, and finance are all factors to consider. and the exchange rate together or individually had a substantial effect on the economy. Meanwhile, economic growth has no effect on FDI.