THE QUALITY OF INSTITUTIONS, MACROECONOMICS, FOREIGN DIRECT INVESTMENT AND ITS INFLUENCE ON CORRUPTION IN 5 SELECTED ASEAN COUNTRIES
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Abstract: This study discusses the influence of institutional quality, macroeconomics, and foreign direct investment on the corruption index in 5 selected ASEAN countries. Corruption can be linked to activities of abuse of power aimed at gaining personal gain. Meanwhile, macroeconomic determinants are related to the investment relationship between countries, people and growing economic activities. This study aims to identify the level of corruption on the quality of institutions, macroeconomics and foreign direct investment in ASEAN countries, examine the impact of corruption on the quality of institutions, macroeconomics and foreign direct investment in ASEAN countries and examine proposals to curb rampant corruption in the quality of institutions, macroeconomics and foreign direct investment in ASEAN countries. This study involved the collection of secondary data of a quantitative and qualitative nature. Quantitative data of the study variables were from 2001 to 2017 for five selected ASEAN Countries. These data were analyzed using panel data, pooled regression, fixed effect model, random effect model, redundant variables test and Hausman test. Meanwhile, a systematic review test was implemented to analyze the qualitative secondary data. The results show that an increase in the level of macroeconomic determinants also increases the level of corruption index in a particular country. The findings of the study show that the FDI, OPE and CG positively influence the CPI of selected ASEAN countries. However, the GDP variable was found to have a negative influence on the CPI of selected ASEAN countries. The corruption index values showed that Indonesia recorded the highest value while Singapore recorded the lowest value compared to other ASEAN countries. Corruption can be reduced through specific actions and strict laws such as stepping up enforcement of laws and penalties, restricting the entry of foreign labor and reducing import taxes and quotas on goods and services.
Keywords: Corruption, Macroeconomics, ASEAN countries.
Title: THE QUALITY OF INSTITUTIONS, MACROECONOMICS, FOREIGN DIRECT INVESTMENT AND ITS INFLUENCE ON CORRUPTION IN 5 SELECTED ASEAN COUNTRIES
Author: KAVITHA CHANDRAN
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
ISSN 2349-7807
Vol. 10, Issue 1, January 2023 - March 2023
Page No: 76-88
Paper Publications
Website: www.paperpublications.org
Published Date: 14-March-2023
DOI: https://doi.org/10.5281/zenodo.7732467
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https://www.paperpublications.org/upload/book/THE%20QUALITY%20OF%20INSTITUTIONS-14032023-3.pdf
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- Journal article: 2349-7807 (ISSN)
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- Paper Download Link (Source)
- https://www.paperpublications.org/upload/book/THE%20QUALITY%20OF%20INSTITUTIONS-14032023-3.pdf