THE EFFECT OF FOREIGN DEBT, FOREIGN INVESTMENT (FDI), AND GOVERNMENT SPENDING ON ECONOMIC GROWTH IN 5 ASEAN COUNTRIES

Asnawi Asnawi, Padhil Hasyim, Khairil Anwar, Muhammad Roni

Abstract


This study aims to analyze the effect of foreign debt, foreign investment and Government spending on Economic Growth in 5 Asean Countries. The data used in this study is cross-sectiaon data from 2011-2020 obtained from the World Bank. The data is then analyzed using the Panel data regression model. The results of this study show that foreign debt has a positive and significant effect on economic growth in 5 asean countries. Foreign investment has no positive and significant effect. And Government spending has a positive and significant effect on economic growth in 5 Asean countries. The government is advised to carefully manage foreign debt to create positive Economic Growth, Create a conducive Investment climate and increase spending to boost Economic Growth.

Keywords


Economic Growth, External Debt, Foreign Investment, Government Spending, Panel Data Regression

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DOI: https://doi.org/10.29103/jmpe.v6i1.12138

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Copyright (c) 2023 Asnawi Asnawi, Padhil Hasyim, Khairil Anwar, Muhammad Roni

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