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Youth Employment and MSMEs: Barrier of Asean Youth in The Development of Micro, Small and Medium Enterprises in The Era of Economic Degradation in ASEAN-5 Countries

Authors
  • Akmal Budiraharja Universitas Airlangga
  • Delfania Agustin Universitas Airlangga
  • Zhafira Nur Azizah Universitas Airlangga
Issue       Vol 7 No 1 (2024): Talenta Conference Series: Local Wisdom, Social, and Arts (LWSA)
Section       Articles
DOI: https://doi.org/10.32734/lwsa.v7i1.2020
Keywords: MSME Youth Employment Loan Inflation Economics
Published 2024-02-19

Abstract

This research was conducted to determine the effect of youth employment, MSME loan, internet penetration rate, and inflation on the number of MSMEs in 5 ASEAN countries, Indonesia, Malaysia, Philippines, Thailand and Vietnam in 2015-2021. The method used in this study is the fixed effect model (FEM) which was selected based on the results of the Hausman test. The estimation results show that the youth employment variable has a negative effect on the number of MSMEs, the MSME loan variable has a positive effect on the number of MSMEs, and the internet penetration rate and inflation rate variables have no significant effect on the number of MSMEs. This result is supported by previous research which states that there is a positive relationship between MSME credit and the number of MSMEs.