The Effect Unemployment, Labor, and Foreign Direct Investment (FDI) on Economic Growth in Six Central Asia Countries (Philippines, Vietnam, Malaysia, Myanmar, Singapore, and Indonesia)

Abstract

This research aims to examine the effects of Unemployment, Labor, and Foreign Direct Investment (FDI) on Economic Growth, both partially and simultaneously, in six Southeast Asian countries, namely the Philippines, Vietnam, Malaysia, Myanmar, Singapore, and Indonesia. The type of research used is descriptive quantitative, which involves a quantitative approach to describe and analyze data. The study utilizes panel data from the six selected countries in Southeast Asia. Data collection in this research relies on secondary data from the period 2018-2022, sourced from the World Bank. The results show that, partially, Unemployment, Labor, and FDI variables have a negative and significant impact on Economic Growth. Additionally, it is found that these independent variables-Unemployment, Labor, and FDI-simultaneously influence Economic Growth.