Economic growth is part of the indicators used in assessing economic performance and it also becomes a benchmark for developing a country. Therefore, this study aims to determine the effect of control of corruption, human development index, inflation, and exchange rate on economic growth in 15 low-middle-income countries in Asia between 2016–2020. Furthermore, secondary data obtained from the World Bank in the form of panel data were utilized and processed using the EViews 10 analysis tool. The results showed control of corruption and the human development index had a positive and significant impact on the level of economic growth in Asia's lower middle-income countries in 2016-2020. However, inflation and exchange rates had a negative and significant impact on economic growth rates.
A decrease in a country's export prices and foreign exchange reserves is symptomatic of exchange rate market pressures, which would be described as an oversupply or disequilibrium in the money market. The method used in this study is the Vector Error Correction Model (VECM) to investigate Exchange Market Pressure (EMP) in Indonesia. This study utilizes secondary data obtained from Statistics Indonesia and Bank Indonesia (BI) website since 2008Q1-2021Q4. The findings of this study demonstrate a strong positive long-term relationship between domestic credit growth and the BI rate, a large negative long-term relationship between GDP growth and the BI rate, and no significant relationship between the current account balance and the exchange rate.
The purpose of this study is to find out whether there is a curse or blessing of Indonesia's natural resources and to find out how the long-term influence of natural resource rents, foreign direct investment, inflation, and the Covid-19 pandemic on economic growth. Based on the purpose of the study, the method used is a Fully Modified Ordinary Least Square (FMOLS). The results show that Indonesia is free from the curse of natural resources, meaning that Indonesia's natural resources have blessings for economic growth. In addition, based on the FMOLS test, it is known that foreign direct investment has not influenced economic development. Meanwhile, inflation and Covid-19 have a negative and significant influence on Indonesia's economic growth.
This study examines the long-term influence of inflation variables, Gross Domestic Product (GDP), exports, imports, and remittance receipts in 7 countries of the Organization of Islamic Cooperation (OIC). This research is expected to contribute to OIC countries related to increasing foreign exchange reserves through inflation control, increasing export diversification, decreasing imports, and increasing remittances while still paying attention to people working abroad. Thus, it can improve the economic level of the OIC country and support international peace and security and protect the holy places of Muslims.
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