¹Putri Afrida Prasasti, ²D Valeriani, ³Misbahul Munir

¹Student Department of Economic, Faculty of Economic and Business, University of Bangka Belitung
^2,3Lecturer Department of Economic, Faculty of Economic and Business, University of Bangka Belitung

DOI : https://doi.org/10.47191/ijsshr/v7-i12-79

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ABSTRACT:

This study aims to analyze and determine the Influence of Monetary Variables on the Economic Growth of Developing Countries in Asia in 2019-2023. This study uses a quantitative approach with secondary data. The analysis technique in this study uses panel data regression by selecting the Fixed Effect Model (FEM), Random Effect Model (REM), and Commond Effect Model (CEM) approaches. The results of the study partially show that the Money Supply and Foreign Direct Investment (FDI) have a positive and significant effect on the Economic Growth of Developing Countries in Asia, this is in line with the theory that if there is an increase in the Money Supply and Foreign Direct Investment (FDI), it will increase the Economic Growth of Developing Countries in Asia. Interest rates partially have a positive and insignificant effect on the Economic Growth of Developing Countries in Asia. Inflation partially has a negative and insignificant effect on the Economic Growth of Developing Countries in Asia. The results of the study simultaneously show that the Money Supply, Interest Rates, Inflation and Foreign Direct Investment (FDI) have a positive and significant effect on the Economic Growth of Developing Countries in Asia.

KEYWORDS:

Economic Growth, Money Supply, Interest Rate, Inflation, and Foreign Direct Investment

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Volume 07 Issue 12 December 2024