Ownership rights and ASEAN-5 economic growth

Published: Jun 27, 2022

Abstract:

Purpose: The basis of this opinion is that human resources, property rights and physical capital and other factors of production that are used effectively can encourage an increase in economic growth.

Research methodology: Panel data is the data used in this study with the best method, namely the Common Effect Model obtained from the Eviews 9.0 analysis tool.

Result: Based on the calculation results show that the Right of Ownership (IPR), the ratio of labor, and foreign investment have a positive and significant effect on economic growth. That is, if the GPA increases by one percent, it will encourage economic growth in a better direction, ceteris paribus. Early Growth has a positive and significant effect on economic growth. This means that there is economic convergence as indicated by a positive initial growth value.

Limitations: The need to increase the time and number of cross-sections in the study so that it has a higher diversity of data.

Contribution: Increasing property rights in ASEAN must also strengthen property rights norms that apply in society to improve the country's economic performance.

Keywords:
1. Common Effect Model
2. Economic Growth
3. Improvement of Property
Authors:
1 . Nairobi Nairobi
Department of Economic and Development Studies, Faculty of Economics and Business, University of Lampung, Indonesia
2 . Ambya Ambya
Department of Economic and Development Studies, Faculty of Economics and Business, University of Lampung, Indonesia
3 . Fadeli Yusuf Afif
Department of Economic and Development Studies, Faculty of Economics and Business, University of Lampung, Indonesia
4 . Dimas Dwi Pratikno
Department of Economic and Development Studies, Faculty of Economics and Business, University of Lampung, Indonesia
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Nairobi, N., Ambya, A., Afif, F. Y., & Pratikno, D. D. (2022). Ownership rights and ASEAN-5 economic growth. Studies in Economy and Public Policy, 1(1), 1–13. Retrieved from https://goodwoodpub.com/index.php/sepp/article/view/1067
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Vol. 1 No. 1 (2022): May
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References

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  3. Ahmed Lahsen, A., & Piper, A. T. (2019). Property rights and intellectual property protection, GDP growth and individual well-being in Latin America. Latin American Economic Review, 28(1), 1-21.
  4. Alfaro, L., Chanda, A., Kalemli-Ozcan, S., & Sayek, S. (2004). FDI and economic growth: the role of local financial markets. Journal of international economics, 64(1), 89-112.
  5. Amir, H., Khan, M., & Bilal, K. (2015). Impact of educated labor force on Economic growth of Pakistan: A human capital perspective. European Online Journal of Natural and Social Sciences, 4(4), 814-831.
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  13. Dakhli, M., & De Clercq, D. (2004). Human capital, social capital, and innovation: a multi-country study. Entrepreneurship & regional development, 16(2), 107-128.
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  17. Froyen, R. T. (2013). Macroeconomics: Theories and policies.
  18. Glaeser, E. L., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2004). Do institutions cause growth? Journal of economic Growth, 9(3), 271-303.
  19. Hapsari, R. D., & Prakoso, I. (2016). Penanaman modal dan pertumbuhan ekonomi tingkat provinsi di Indonesia. Jurnal Ekonomi dan Bisnis, 19(2), 211-224.
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  22. Hsiao, C., & Shen, Y. (2003). Foreign direct investment and economic growth: the importance of institutions and urbanization. Economic development and Cultural change, 51(4), 883-896.
  23. Klasen, S., Herzer, D., & Nowak-Lehmann D, F. (2007). In search of FDI-led growth in developing countries.
  24. Koyongian, C. L., Kindangen, P., & Kawung, G. M. (2019). Pengaruh Pengeluaran Pemerintah, Investasi, Dan Tenaga Kerja Terhadap Pertumbuhan Ekonomi Di Kota Manado. Jurnal Pembangunan Ekonomi Dan Keuangan Daerah, 18(7).
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  28. Maharani, K., & Isnowati, S. (2014). Kajian investasi, pengeluaran pemerintah, tenaga kerja dan keterbukaan ekonomi terhadap pertumbuhan ekonomi di Propinsi Jawa Tengah. Jurnal Bisnis dan Ekonomi, 21(1).
  29. Maisaroh, M., & Risyanto, H. (2018). Pengaruh Investasi, Pengeluaran Pemerintah Dan Tenaga Kerja Terhadap Pdrb Provinsi Banten. EkBis: Jurnal Ekonomi dan Bisnis, 1(2), 206-221.
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  32. Misztal, P. (2011). The Relationship between Savings and Economic Growth in Countries with Different Level of Economic Development (Wspólzaleznosci miedzy oszczednosciami i wzrostem gospodarczym w krajach o róznym poziomie rozwoju gospodarczego). Finansowy Kwartalnik Internetowy e-Finanse, 7(2), 17-29.
  33. Moricz, S., & Sjöholm, F. (2014). The effect of elections on economic growth: results from a natural experiment in Indonesia.
  34. Ngenoh, E., Kirui, L., Mutai, B., Maina, M., & Koech, W. (2015). Economic determinants of the performance of public irrigation schemes in Kenya. Journal of Development and Agricultural Economics, 7(10), 344-352.
  35. Radelet, S., & Sachs, J. D. (1998). Shipping costs, manufactured exports, and economic growth.
  36. Rizky, R. L., Agustin, G., & Mukhlis, I. (2016). Pengaruh Penanaman Modal Asing, Penanaman Modal Dalam Negeri Dan Belanja Modal Terhadap Pertumbuhan Ekonomi Provinsi Di Indonesia. Jurnal Ekonomi dan Studi Pembangunan (Journal of Economics and Development Studies), 8(1), 9-16.
  37. Sani, R. M., Sambodo, H., & Bambang, B. (2018). The Effect of Human Capital, Labors, and Capital on Economic Growth in Barlingmascakeb. Eko-Regional: Jurnal Pembangunan Ekonomi Wilayah, 13(2).
  38. Sari, M., Syechalad, M. N., & Majid, S. A. (2016). Pengaruh investasi, tenaga kerja dan pengeluaran pemerintah terhadap pertumbuhan ekonomi di Indonesia. Jurnal Ekonomi Dan Kebijakan Publik Indonesia, 3(2), 109-115.
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  41. Vijesandiran, S., & Vinayagathasan, T. (2015). Dynamic relationship between human capital and economic growth in Sri Lanka: A co-integration analysis. Asian Online Journal, 2(2), 20-29.
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