Kelab Penumpuan Liberalisasi Ekonomi di ASEAN, China dan India

Translated title of the contribution: Convergence clubs of economic liberalization in ASEAN, China, and India

Rossazana Ab-Rahim, Sonia Kumari Selvarajan, Nor Ghani Md Nor, Dayang Affizah Awang Marikan

Research output: Contribution to journalArticle

Abstract

The emergence of China and India as major international forces alongside ASEAN has triggered interest in strengthening the economic ties between these countries; hence, this serves as the motivation for this study to embark upon an analysis on economic liberalization and its link to economic growth. The present study also aims to examine the possibility of convergence clubs to exist between ASEAN, China, and India. The pooled mean group (PMG) estimator approach was employed to assess the dynamic effects of economic liberalization, while Phillips and Sul methodology was used to assess the economic possibility of convergence clubs. The empirical evidence supports the positive nexus between economic liberalization and economic growth of ASEAN, China and India for the 1988 to 2014 period. The results also offered support to the hypothesis that not all countries converge to a single equilibrium state, and the results of Philips and Sul's method revealed the existence of three convergence clubs. The first club consists of Singapore and Brunei Darussalam, the second club is represented by Thailand, China, and Indonesia, while the third group comprises of the Philippines, India, Vietnam, Lao PDR, and Myanmar. Interestingly, Malaysia was found to be the only outlier among the selected countries under study.

Original languageMalay
Pages (from-to)137-151
Number of pages15
JournalJurnal Ekonomi Malaysia
Volume52
Issue number3
DOIs
Publication statusPublished - 1 Jan 2018

Fingerprint

Convergence clubs
India
Economic liberalization
China
Economics
Economic growth
Clubs
Burma
Lao PDR
Pooled mean group estimator
Singapore
Thailand
Indonesia
Empirical evidence
Brunei
Methodology
Outliers
Malaysia
Dynamic effects
Philippines

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

Cite this

Kelab Penumpuan Liberalisasi Ekonomi di ASEAN, China dan India. / Ab-Rahim, Rossazana; Selvarajan, Sonia Kumari; Md Nor, Nor Ghani; Marikan, Dayang Affizah Awang.

In: Jurnal Ekonomi Malaysia, Vol. 52, No. 3, 01.01.2018, p. 137-151.

Research output: Contribution to journalArticle

Ab-Rahim, Rossazana ; Selvarajan, Sonia Kumari ; Md Nor, Nor Ghani ; Marikan, Dayang Affizah Awang. / Kelab Penumpuan Liberalisasi Ekonomi di ASEAN, China dan India. In: Jurnal Ekonomi Malaysia. 2018 ; Vol. 52, No. 3. pp. 137-151.
@article{1942acab4ca64b4aa13a59fd674f1371,
title = "Kelab Penumpuan Liberalisasi Ekonomi di ASEAN, China dan India",
abstract = "The emergence of China and India as major international forces alongside ASEAN has triggered interest in strengthening the economic ties between these countries; hence, this serves as the motivation for this study to embark upon an analysis on economic liberalization and its link to economic growth. The present study also aims to examine the possibility of convergence clubs to exist between ASEAN, China, and India. The pooled mean group (PMG) estimator approach was employed to assess the dynamic effects of economic liberalization, while Phillips and Sul methodology was used to assess the economic possibility of convergence clubs. The empirical evidence supports the positive nexus between economic liberalization and economic growth of ASEAN, China and India for the 1988 to 2014 period. The results also offered support to the hypothesis that not all countries converge to a single equilibrium state, and the results of Philips and Sul's method revealed the existence of three convergence clubs. The first club consists of Singapore and Brunei Darussalam, the second club is represented by Thailand, China, and Indonesia, while the third group comprises of the Philippines, India, Vietnam, Lao PDR, and Myanmar. Interestingly, Malaysia was found to be the only outlier among the selected countries under study.",
keywords = "ASEAN, Convergence Club, Economic Growth, Liberalization",
author = "Rossazana Ab-Rahim and Selvarajan, {Sonia Kumari} and {Md Nor}, {Nor Ghani} and Marikan, {Dayang Affizah Awang}",
year = "2018",
month = "1",
day = "1",
doi = "10.17576/JEM-2018-5203-10",
language = "Malay",
volume = "52",
pages = "137--151",
journal = "Jurnal Ekonomi Malaysia",
issn = "0126-1962",
publisher = "Penerbit Universiti Kebangsaan Malaysia",
number = "3",

}

TY - JOUR

T1 - Kelab Penumpuan Liberalisasi Ekonomi di ASEAN, China dan India

AU - Ab-Rahim, Rossazana

AU - Selvarajan, Sonia Kumari

AU - Md Nor, Nor Ghani

AU - Marikan, Dayang Affizah Awang

PY - 2018/1/1

Y1 - 2018/1/1

N2 - The emergence of China and India as major international forces alongside ASEAN has triggered interest in strengthening the economic ties between these countries; hence, this serves as the motivation for this study to embark upon an analysis on economic liberalization and its link to economic growth. The present study also aims to examine the possibility of convergence clubs to exist between ASEAN, China, and India. The pooled mean group (PMG) estimator approach was employed to assess the dynamic effects of economic liberalization, while Phillips and Sul methodology was used to assess the economic possibility of convergence clubs. The empirical evidence supports the positive nexus between economic liberalization and economic growth of ASEAN, China and India for the 1988 to 2014 period. The results also offered support to the hypothesis that not all countries converge to a single equilibrium state, and the results of Philips and Sul's method revealed the existence of three convergence clubs. The first club consists of Singapore and Brunei Darussalam, the second club is represented by Thailand, China, and Indonesia, while the third group comprises of the Philippines, India, Vietnam, Lao PDR, and Myanmar. Interestingly, Malaysia was found to be the only outlier among the selected countries under study.

AB - The emergence of China and India as major international forces alongside ASEAN has triggered interest in strengthening the economic ties between these countries; hence, this serves as the motivation for this study to embark upon an analysis on economic liberalization and its link to economic growth. The present study also aims to examine the possibility of convergence clubs to exist between ASEAN, China, and India. The pooled mean group (PMG) estimator approach was employed to assess the dynamic effects of economic liberalization, while Phillips and Sul methodology was used to assess the economic possibility of convergence clubs. The empirical evidence supports the positive nexus between economic liberalization and economic growth of ASEAN, China and India for the 1988 to 2014 period. The results also offered support to the hypothesis that not all countries converge to a single equilibrium state, and the results of Philips and Sul's method revealed the existence of three convergence clubs. The first club consists of Singapore and Brunei Darussalam, the second club is represented by Thailand, China, and Indonesia, while the third group comprises of the Philippines, India, Vietnam, Lao PDR, and Myanmar. Interestingly, Malaysia was found to be the only outlier among the selected countries under study.

KW - ASEAN

KW - Convergence Club

KW - Economic Growth

KW - Liberalization

UR - http://www.scopus.com/inward/record.url?scp=85061606525&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85061606525&partnerID=8YFLogxK

U2 - 10.17576/JEM-2018-5203-10

DO - 10.17576/JEM-2018-5203-10

M3 - Article

VL - 52

SP - 137

EP - 151

JO - Jurnal Ekonomi Malaysia

JF - Jurnal Ekonomi Malaysia

SN - 0126-1962

IS - 3

ER -