Open AccessSpatial Lag Fixed Effect Panel Model with Weights Queen Contiguity for Economic Growth Data of ASEAN Member Countries
Author(s) -
Refdamas Dwiaji Wisnumurti,
Hasih Pratiwi,
Sri Handajani
Publication year - 2019
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1306/1/012033
Subject(s) - panel data , economics , contiguity , fixed effects model , lag , panel analysis , international trade , econometrics , economic geography , computer network , computer science , ecology , biology
The development of a country is in line with its economic growth, the greater percentage of economic growth, makes the greater development in the country, and vice versa. Economic growth is the process of changing a country’s economic condition that is sustainable towards a better state during a certain period. Currently, world economic growth is getting stronger, including the economic growth of ASEAN member countries. This paper will discuss about estimating the model of economic growth of ASEAN member countries using spatial lag fixed effect panel data with weightes queen contiguity. In this research, the author uses the spatial panel data approach. Panel data model is a regression model that uses panel data. The use of panel data aims to reduce collinierity between independent variables. Spatial effects are used to determine the magnitude of geographical factors. This research data consists of some indicators of world economy issued by the IMF in Southeast Asia region during the period of 1980 to 2017. The results of this research can be used to give consideration in determining policies to increase economic growth of ASEAN member countries.