Syamsul Amar, Ariusni, Alpon Satrianto
Economic development in ASEAN countries is influenced by a range of interrelated factors. Education and life expectancy play a crucial role in enhancing the quality of human resources, which is a key driver of economic growth. Economic transformation, including changes in industrial structure and modernization of the production sector, also contributes to improving regional competitiveness. Adequate road infrastructure facilitates the efficient movement of goods and services, while economic incentives encourage investment and stimulate business activity. Information and communication technology (ICT) and foreign direct investment (FDI) drive innovation and productivity improvements. In addition, innovations in various sectors of the economy help create a competitive advantage at the global level. Economic and political institutions play a crucial role in creating stability and regulations conducive to economic development. However, corruption can be a significant obstacle that reduces the effectiveness of development policies. Case studies in ASEAN show that countries with policies that support education, infrastructure, investment, and good governance tend to experience faster economic growth. Therefore, the synergy between these various factors is key to the success of sustainable economic development in the ASEAN region. Based on the reviews analyzed, this research focuses on the effects of Education, Life Expectancy, economic transformation, Road Infrastructure, Incentives, ICT, FDI, Innovation, economic institutions, Political Institutions, and Corruption on economic development. The research method is carried out with a panel data model by paying attention to classical assumption tests such as, multicollinearity, heteroscedasticity and autocorrelation tests. This research data spans the period from 2010 to 2024 in ASEAN countries. The amount of data in the study was 165. The results of this study indicate that institutional factors, human capital, corruption, Economic Transformation, Road Infrastructure, Incentives, ICT, FDI, Innovation and incentives affect economic development in ASEAN countries. This research is grounded in previous studies and existing theories. © 2025 The authors.
The Department of Economics, Faculty of Economic and Business, Universitas Negeri Padang, Padang, 25132, Indonesia
