Comparison of Macroeconomic Behavior in Some ASIAN Countries (1991 ? 2017)

E. Zakchona¹ , P. Sihombing²

Section:Research Paper, Product Type: Journal-Paper
Vol.7 , Issue.4 , pp.35-45, Aug-2020

Online published on Aug 31, 2020

Copyright © E. Zakchona, P. Sihombing . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
 

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Abstract :
This research aims to analyse the comparison of macroeconomic of some Asian countries in long period. The sample population was limited by four Asian countries which its gross domestic product depreciated significantly during financial crisis of Asia and global, such as Indonesia, Malaysia, Singapore, and South Korea. The research data is formed by Vector Auto Regression (VAR) model and empirical result is executed by granger causality model on E-views 11 programme to gauge the relationship between gross domestic product, exchange rate, inflation rate, foreign direct investment, net export, government expenditures, unemployment rate, and savings. The results showed that gross domestic product impacted foreign direct investment and savings in Indonesia. Then, gross domestic product of South Korea is part of savings and consumption index, and its growth has effect to inflation rate. Next, number of gross domestic product impacts on inflation rate in Singapore. In contrast, gross domestic product of Malaysia is not represented by independent variables. Overall, these macroeconomic variables do not explain gross domestic product growth significantly in Indonesia, Malaysia, Singapore, and South Korea

Key-Words / Index Term :
gross domestic product, exchange rate, inflation rate, consumption index, foreign direct investment, net export, government expenditure, unemployment rate, savings

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