Theoretical and Applied Economics
No. 4 / 2018 (617), Winter
Does financial sector affect economic development in ASEAN during 2010-2016?
Sriwijaya University, Palembang, Indonesia
Didik SUSETYO
Sriwijaya University, Palembang, Indonesia
Dr. AZWARDI
Sriwijaya University, Palembang, Indonesia
Abstract. The objective of this paper is to examine the impact of financial development using domestic credits to private sector, government spending and net exports on GDP in ASEAN during 2010-2016. Total observation of seventy data are being used to form the panel regression method using fixed effect model. The secondary data is obtained from World Bank and Asian Development Bank. The results of this paper are domestic credits to private sector and government spending are positively and significantly affect GDP while net exports is negatively and significantly affect GDP.
Contents
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Does financial sector affect economic development in ASEAN during 2010-2016?
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