The Effect of Exports and Imports on Economic Growth in Southeast Asian Countries in 2019-2023

Jihan Rahayu Putri; Larasaty Larasaty; Vicy  Andriany

Authors

Jihan Rahayu Putri UIN Mahmud Yunus Batusangkar
Larasaty Larasaty UIN Mahmud Yunus Batusangkar
Vicy Andriany UIN Mahmud Yunus Batusangkar

Keywords:

Exports, Imports, Economic Growth

Abstract

Economic growth is an important indicator to assess the development of a country's economy in a certain period. One of the factors that affect economic growth is international trade, especially exports and imports. This study aims to analyze the influence of exports and imports on economic growth in countries in the Southeast Asian region. The data used is secondary data sourced from the World Bank in the form of time series data for the 2019–2023 period. The analysis method used in this study is panel data regression with the help of EViews software. The results of the study show that partially imports have a significant effect on economic growth, while exports do not have a significant effect. These findings indicate that increased import activity has a more dominant role in driving economic growth in Southeast Asian countries than exports. Simultaneously, the variables of exports and imports have an effect on economic growth, with a regression constant value of 2.0577. Based on the results of the study, it can be concluded that economic growth in the Southeast Asian region in the 2019 – 2023 period is more influenced by imports than exports. The results of this study are expected to be considered for the government in formulating international trade policies that support sustainable economic growth.

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