HUMAN DEVELOPMENT INDEX, GOOD GOVERNANCE PRACTICE AND EXPORT: EVIDENCE FROM ASEAN COUNTRIES

Abstract

This study examines the effect of the human development index and good governance practices toward export in several ASEAN countries. The data were collected from several sources, including United Nations Development Programme, World Development Indicator, and Worldwide Governance Indicators from 2010 to 2021. Furthermore, the collected data were analyzed using a regression panel. The findings indicate that indicate human development has an effect on exports. For the dimension of good governance, political stability, and absence of violence/terrorism, regulatory quality can explain exports in several ASEAN countries, while voice and accountability, government effectiveness, and the rule of law do not affect exports. However, the analysis showed that simultaneously, the human development index and good governance practices can have an effect on export in several ASEAN countries.