Research Paper
Year: 2019 | Month: July | Volume: 6 | Issue: 7 | Pages: 192-210
An Analysis on the Influence of Intra and Extra Regional Trades on Economic Growth in ASEAN Country Members
Desmayani Siregar1, Dr. Rujiman2, Prof. Dr. HB Tarmizi2
1Posgraduate Students, Faculty of Economy & Business at University of North Sumatera, Indonesia
2Postgraduate Lecturer, Faculty of Economy & Business at University of North Sumatera, Indonesia
Corresponding Author: Desmayani Siregar
ABSTRACT
The objective of the research was to examine the influence of ASEAN intra and extra regional trade, direct foreign investment, inflation, and population on using panel regression method with an SPSS E-views 7 software program. The population was ten ASEAN country members in the period of 2010-2014. The result of the research showed that ASEAN intra and extra regional trade, direct foreign investment, inflation, and population simultaneously had significant influence on the economic growth in ASEAN country members. Partially, ASEAN intra-regional trade and population had negative influence on the economic growth in ASEAN country members, while extra-regional trade, direct foreign investment, and inflation partially had positive influence on the economic growth in ASEAN country members.
Key words: ASEAN Intra-Regional Trade, ASEAN Extra-Regional Trade, Direct Foreign Investment, Inflation, Population, Economic Growth.
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