Determinants of economic growth : In Southeast Asia Countries / Jason Anak Mijom Kueh

In this paper has investigates the relationship between the determinants of economic growth
toward economic growth per capita in Southeast Asia countries. In this study, the
independent variables is gross fixed capital formation, labor force participation rate, foreign
direct investment and trade, while the dependent variable is annual growth of GDPPC. This
study use panel data consist of 20 years between 1997 until 2016 and use 11 selected
Southeast Asia countries were modelled into a multiple regression model. All the
independent variables in this study is important toward the economic growth per capita, gross
fixed capital formation, labor force participation rate, foreign direct investment and trade is
the main economic indicator that drives the economic growth. The results revealed that the
independent variables which is gross fixed capital formation, foreign direct investment and
trade has positive significant impact toward economic growth per capita while labor force
participation give negative insignificant impact to the economic growth per capita.