Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)

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Assessing the Financial Performance of Regional Governments: A Study of Macroeconomic Drivers in Southeast Asia

Authors
Jufri Nur1, Hamrullah Hamrullah1, *, Andi Ratna Sari Dewi1
1Hasanuddin University, Makassar, Indonesia
*Corresponding author.
Corresponding Author
Hamrullah Hamrullah
Available Online 30 July 2025.
DOI
10.2991/978-94-6463-758-8_231How to use a DOI?
Keywords
Regional financial performance; GDP growth; foreign direct investment; unemployment; government expenditure
Abstract

This study examines the macroeconomic factors influencing the financial performance of regional governments in Southeast Asia during the period 2018–2021. Using gross savings as a proxy for financial performance, the analysis focuses on the impacts of GDP growth, foreign direct investment (FDI), unemployment rates, and government expenditure growth across four countries: Indonesia, Malaysia, Thailand, and the Philippines. Employing panel data regression, the results highlight GDP growth as a significant driver of fiscal performance, with higher growth rates leading to improved financial stability. However, the effects of FDI inflows, unemployment rates, and government expenditure were found to be statistically insignificant, suggesting that their influence on regional financial outcomes is more complex and may be moderated by external shocks, such as the COVID-19 pandemic. The findings underscore the importance of fostering sustained economic growth to enhance fiscal sustainability, while also highlighting the need for further research into the roles of investment, employment, and public spending efficiency in shaping regional financial outcomes. The study provides valuable insights for policymakers aiming to strengthen regional fiscal resilience in emerging Southeast Asian economies.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
30 July 2025
ISBN
978-94-6463-758-8
ISSN
2352-5428
DOI
10.2991/978-94-6463-758-8_231How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jufri Nur
AU  - Hamrullah Hamrullah
AU  - Andi Ratna Sari Dewi
PY  - 2025
DA  - 2025/07/30
TI  - Assessing the Financial Performance of Regional Governments: A Study of Macroeconomic Drivers in Southeast Asia
BT  - Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
PB  - Atlantis Press
SP  - 2849
EP  - 2859
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-758-8_231
DO  - 10.2991/978-94-6463-758-8_231
ID  - Nur2025
ER  -