Does Foreign Direct Investment, Population Growth and Government Expenditure Stimulate Economic Growth in Singapore?
Introduction/Main Objectives: The purpose of this study is to determine the impact of foreign direct investment, population growth and government expenditure on economic growth in Singapore. Background Problems: Economic growth in Singapore from 1990 to 2023 experienced fluctuating growth. This study wants to examine further the factors affecting Singapore's economic growth. Novelty: Economic growth in Singapore in 1990-2023 there are still no researchers who examine the region. Research Methods: Using the DOLS method with a range of years 1990-2023. Finding/Results: The results of this study are, FDI and government spending have a significant negative effect on economic growth in Singapore in the long run. Population has an insignificant positive effect on economic growth in the long run in Singapore. Conclusion: The government should prioritise its spending on the allocation of funds in the technology sector or other leading sectors, the government can make monetary policies in the form of providing credit or liquidity supervision, facilitate FDI regulations, and the government can provide policies to optimise population growth and make capital in accelerating economic growth.
Authors
- Novia Ramadhani
- Alkhafi Maas Siregar (ORCID: https://orcid.org/0000-0002-5499-1829)
- Nova Magareta
- Vania Olga Meriani
Publication Details
- Journal
- Bengkulu International Conference on Economics Management Business and Accounting (BICEMBA)
- Published
- 2024-11-22
- DOI
- https://doi.org/10.33369/bicemba.2.2024.37
- Primary Topic
- Socioeconomic Development in Asia
- Type
- article
- Field-Weighted Citation Impact
- 0.00