Assessment on Economic Growth of Development Indicators in ASEAN: A Dynamic Panel Data Analysis

Fidlizan Muhammad, Azila Abdul Razak, Mohd Yahya Mohd Hussin

Abstract


This article analyses the relationship between economic growth and certain important indicators in economic development. These include the mortality rate, life expectancy, and unemployment rate in five different ASEAN countries from the years 1980 to 2010 using panel data analysis. The result of this estimation suggests that there exists a long-term relationship between economic growth and these development indicators, which is compatible with the theory highlighted in the economy. This shows that economic growth does have an impact on the development of a country in various aspects.

Keywords: Economic growth, economic development, ASEAN


Full Text: PDF

Refbacks

  • There are currently no refbacks.
Download the IISTE publication guideline!

Paper submission email: DCS@iiste.org

ISSN (Paper)2224-607X ISSN (Online)2225-0565

Please add our address "contact@iiste.org" into your email contact list.

This journal follows ISO 9001 management standard and licensed under a Creative Commons Attribution 3.0 License.

Copyright © www.iiste.org