earticle

영어

This study investigates the effects of governance and trade liberalization on economic growth in ASEAN member countries from 2012 to 2022. The inception of the Free Trade Agreement within the Association of Southeast Asian Nations (ASEAN) in 1984 led to a proliferation of liberalization among member countries. To ensure the robustness of the results, various analytical methods are employed. Using ordinary least squares regression, fixed effect regression, two-way fixed effect regression, and quantile regression, we find that governance and trade openness have positive effects on economic development. Efficient governments amplify the positive impact on economic growth.