Macroeconomic Determinants of Auto Sales in ASEAN: An Empirical Study in Five Major ASEAN Countries

Abstract

This research examines the determinants of car sales in ASEAN countries. The research concentrates on five macroeconomic variables (consumer price index, gross domestic product (GDP) per capita, changes in gross domestic product per capita, foreign exchange rate, and interest rate). The total sample is 12 years of automobile sales in five ASEAN countries from 2005 – 2016. The five ASEAN countries are Indonesia, Thailand, Malaysia, Singapore, and Vietnam. This paper used the multilinear regression method with Statistical Package for the Social Sciences (SPSS) software to test the research model. For interest-rate variables, we used a lag of one year. The empirical results show that the previous period for inflation, gross domestic product per capita, interest rate, and the foreign exchange rate significantly influenced on car sales in five ASEAN countries. The growth of GDP per capita does not influence car sales.

The Nexus Between Advertising and Trust: Conceptual Review in the Context of Halal Food, Malaysia

“…Businesses involved in halal food production can leverage advertising to gain trust in global markets, which are increasingly interested in halal products. Meeting global halal standards and conveying this through advertising can open up opportunities for exporting halal products since according to Johan & Plana-Casado (2023) who analyzed halal food guidelines under the ASEAN (The Association of South East Asian Nations) way approach, few challenges of harmonization for halal standards remain and calls for deeper exploration.…”

Sertifikasi Halal Sebagai Bentuk Perlindungan Konsumen Muslim: Analisis Maqashid Syariah Dan Hukum Positif

“…Kata "halal" berasal dari bahasa Arab dan berarti "diizinkan" atau "disetujui", sementara "haram" berarti "dilarang" (Amelia et al, 2023). Halal mencakup makanan dan minuman yang telah diproses dan disajikan sesuai dengan pedoman agama Islam, yang telah diperiksa dan disetujui oleh otoritas agama Islam yang relevan (Ahmad et al, 2023;Johan & Plana-Casado, 2023). Selain itu, konsep halal juga dapat diterapkan pada berbagai barang lainnya, termasuk pakaian (Destriyansah et al, 2023), kosmetik (Isa et al, 2023), obat-obatan (Sarisae et al, 2023), dan produk lainnya.…”