Title:
ANALYSIS OF PHYSICAL, PSYCHOLOGICAL, AND SOCIAL CAPITAL ON THE WELFARE LEVELS IN NINE ASEAN COUNTRIES IN 2008-2018

Authors:
Anggia Desty Rahmasari, Guntur Riyanto, Siti Aisyah Tri Rahayu, Indonesia

Abstract:

This study aims to provide an overview the effect of the physical, psychological, social capital quality measured through education, honest behavior, and security againts the welfare in nine ASEAN countries on the period of 2008 - 2018. This study used secondary data in the form of per capita gross domestic product at constant prices, means years of schooling, corruption perception index and global peace index in nine ASEAN countries on 2008-2018. Data analysis used in this study is panel data regression analysis with the approach of Fixed Effect Model. The results showed that the variables of education, and honest behavior had a positive effect on the variable level of welfare in nine ASEAN countries in the period 2008 - 2018. Whereas for the security variable shows the results had no significant effect on the variable level of welfare in nine ASEAN countries in the period of 2008 – 2018.