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Macroeconomic determinents of auto sales in ASEAN: an empirical study in five major ASEAN countries
[journal article]
Abstract This research examines the determinants of car sales in ASEAN countries. The research concentrates on five macroeconomic variables (consumer price index, gross domestic product (GDP) per capita, changes in gross domestic product per capita, foreign exchange rate, and interest rate). The total sample... view more
This research examines the determinants of car sales in ASEAN countries. The research concentrates on five macroeconomic variables (consumer price index, gross domestic product (GDP) per capita, changes in gross domestic product per capita, foreign exchange rate, and interest rate). The total sample is 12 years of automobile sales in five ASEAN countries from 2005-2016. The five ASEAN countries are Indonesia, Thailand, Malaysia, Singapore, and Vietnam. This paper
used the multilinear regression method with Statistical Package for the Social
Sciences (SPSS) software to test the research model. For interest-rate variables, we used a lag of one year. The empirical results show that the previous period for inflation, gross domestic product per capita, interest rate, and the foreign exchange rate significantly influenced on car sales in five ASEAN countries. The growth of
GDP per capita does not influence car sales.... view less
Keywords
motor vehicle; selling; gross domestic product; inflation; interest rate
Classification
National Economy
Economic Sectors
Free Keywords
exchange rate
Document language
English
Publication Year
2020
Page/Pages
95.110 p.
Journal
Journal of ASEAN Studies, 8 (2020) 2
ISSN
2338-1353
Status
Published Version; peer reviewed