Managing Growth: The Role of Export, Inflation and Investment in Three ASEAN Neighboring Countries

This study investigates the relationship between export, inflation, investment and economic growth for the three ASEAN countries, namely Indonesia, Malaysia and Thailand. In general, the results reveal that export has a positive impact on growth. As for, Malaysia and Thailand, inflation has a negative impact on growth; while for Indonesia it has a positive impact. The inflation rate for Indonesia has remained more or less consistent over several years, which has led to the positive relationship between inflation and growth. However, modest increase in the rate of inflation has also been noticed in certain years. The results show that investment has a positive impact on growth for Indonesia, Malaysia and Thailand.