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Effect of Solow Variable to the Economic Growth in Southeast Asia

Author

Listed:
  • Ady Soejoto

    (Faculty of Economic, Universitas Negeri Surabaya, Indonesia)

  • Hendry Cahyono

    (Faculty of Economic, Universitas Negeri Surabaya, Indonesia)

  • Ni'matush Solikhah

    (Faculty of Economic, Universitas Negeri Surabaya, Indonesia)

Abstract

Economic growth in Southeast Asia is very dynamic and interesting. This paper aims to analyze the defining factor of that condition. This paper uses regression analysis to determine the impact of labor, investment, human resources, natural resources, and technology toward economic growth (Solow variable). The result indicates that Solow variable affect differently to each country. In Indonesia and Brunei, investment, human resources, and labor have significant effect toward economic growth. In Thailand and Philippines, investment, natural resources, and labor affect economic growth significantly. In Malaysia investment, technology, and human resources have significant effect toward economic growth. In Vietnam, technology, natural resources, human resources, and labor affect economic growth significantly. Meanwhile, In Cambodia technology, natural resources, and labor have significant impact toward economic growth.

Suggested Citation

  • Ady Soejoto & Hendry Cahyono & Ni'matush Solikhah, 2017. "Effect of Solow Variable to the Economic Growth in Southeast Asia," International Journal of Economics and Financial Issues, Econjournals, vol. 7(2), pages 277-282.
    • Handle: RePEc:eco:journ1:2017-02-38
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Investment; Human Resources; Natural Resources; Technology; Labor; Economic Growth;
    All these keywords.

    JEL classification:

    • O0 - Economic Development, Innovation, Technological Change, and Growth - - General
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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