The Impact of Macroeconomic Factors on Current Account Deficit in ASEAN Countries
Zuriyati Ahmad,
Nor Aziela Jafre,
Wan Norsyakila Wan Kamarudin
Abstract:In most ASEAN nations, a deficit in the current account balance began in 2018, sparking concerns among these countries. The deficit in the current account has led to various disadvantages in ASEAN countries, harming the nation’s economic health. Therefore, this paper analyzes the macroeconomic factors influencing the current account deficit in selected ASEAN countries. Data from eight ASEAN countries were analyzed using a panel static approach. Findings reveal that exchange rate (ER), Term of trade (TOT) and i… Show more
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