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