The Impact of Control of Corruption, Human Development Index, and Macroeconomics on Economic Growth Rates in Low-Middle Income Countries

Abstract

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.