Asymmetric Effects of Trade Openness on Economic Growth in Selected ASEAN Countries

Sriyana, Jaka; Afandi, Akhsyim

doi:10.15240/tul/001/2020-2-005

Cited by 9 publications

(7 citation statements)

References 17 publications

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“…LPI is present as a core membership variable in fsQCA and has a positive correlation for the higher values of GDP per capita. The previous researches have focussed on understanding impact of export production, trade openness Sriyana and Afandi (2020), global competency (Civelek et al, 2015), environmental factors, green logistics by comparing with economic development and growth (Ruzekova et al, 2020;Milenković et al, 2020). This research study has contributed to the literature by comparing the causal impact of LC and EODB with LPI on economic development.…”

Section: Discussionmentioning

confidence: 97%

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Comparative Impact of Logistics Performance Index, Ease of Doing Business and Logistics Cost on Economic Development: A Fuzzy Qca Analysis

Saini

Hrušecká

2021

Journal of Business Economics and Management

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This research papers aims to evaluate the impact of two major institutional indexes logistics performance index (LPI) and ease of doing business (EODB) along with logistics cost (LC) on the economic development (Gross domestic product – GDP per capita). The variables selected for the research study provides the comprehensive impact and forms the core of the economy for any country. Top seven economies of the world (China, France, Germany, India, Japan, United Kingdom and USA) along with Czech Republic, Singapore and Slovenia have been selected for this analysis. Mid-sized Economies of Czech Republic, Singapore, Slovenia have been selected for the regional balance of Asia and Europe and for cooperative results. A preliminary analysis of Pearson correlation analysis and detailed fuzzy qualitative comparative analysis have been opted for the study. The results illustrate that LPI is the core component for displaying the positive results on economic development. LC and EODB have displayed mixed results and will be studied in future research for identifying their impact on economic development. Future research will incorporate indexes such as global competitive index, innovation index for the evaluation of the combined impact on economic development.

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Section: Discussionmentioning

confidence: 97%

“…There are also studies which relates the positive impact of logistics scenario in an economy with the trade openness. Another research study by Sriyana and Afandi (2020), it was concluded that trade openness and economic growth are positively related for a group for selected Asian economies.…”

Section: Logistics Performance Index In Research Studiesmentioning

confidence: 95%

Comparative Impact of Logistics Performance Index, Ease of Doing Business and Logistics Cost on Economic Development: A Fuzzy Qca Analysis

Saini

Hrušecká

2021

Journal of Business Economics and Management

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“…Since the last decade, ASEAN countries have been chosen by the developed countries as one of the favorite trading partners. The establishment of ASEAN allows member countries to accelerate their open trading activities worldwide, especially among ASEAN members [8]. In ASEAN, the economic growth illustrates by the annual growth of GDP in each country.…”

Section: Introductionmentioning

confidence: 99%

The Nexus of International Trade and Inflation on ASEAN-5 Countries’ Economic Growth: The Mediating Role of Exchange Rates

Haryani¹,

Maulana²,

Azam³

2022

Proceedings of the International Conference on Economics, Management and Accounting (ICEMAC 2021)

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Since the last decade, ASEAN countries have been chosen by the developed countries as one of the favorite trading partners. The establishment of ASEAN allows member countries to accelerate their open trading activities worldwide, especially among ASEAN members. However, the export and import activity of the ASEAN-5 countries have interconnected with inflation and exchange rates, which will affect economic growth. The research goal is to look into the impact of international commerce on the economic growth of ASEAN's founding countries, namely Indonesia, Thailand, Malaysia, Singapore, and the Philippines. We investigated data since the inception of the ASEAN body 53 years to test the hypotheses and run it using data panel regression with differentiation technique to analyze the data. We used EViews 9th version software to run the data. After the multicollinearity and heteroscedasticity tested, the result shows that the exchange rate significantly mediates international trade (proxied by export and import activity) and the inflation rate on economic growth negatively. While for the direct relationship, import and inflation significantly affect the exchange rate. While export and inflation affect economic growth indirectly effect. Thus, the exchange rate intervenes in a parallel manner between inflation and economic growth and a fully mediate between import and economic growth. The discussions and implications will explain further.

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“…There are various complexities in the openness-growth nexus that make its estimation potentially difficult with standard econometric techniques (such as OLS and quantile regressions). Sriyana and Afandi (2020) argued that the openness-growth relationship may be oversimplified by a linear framework and that the interaction between these variables is still complex and asymmetric in nature. Moreover, economic growth may react to trade shocks differently when the economy is in recession than when it is in peak or boom; the effect that large trade shocks have on economic growth could be different from the effect that is due to smaller shocks; economic growth may also react asymmetrically to negative versus positive trade shocks.…”

Section: Introductionmentioning

confidence: 99%

Asymmetric openness-growth nexus in 20 highly open OIC countries: Evidence from quantile-on-quantile regression approach

Ali

Yusop

Kaliappan

et al. 2021

The Journal of International Trade & Economic Development

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This study analyzes the asymmetric association between trade openness and economic growth in 20 highly open Organization of Islamic Cooperation (OIC) countries. A novel technique, quantile-on-quantile (QQ), is applied by using the data for the period 1991-2018. The results consider the mode of how quantiles of trade openness asymmetrically affect the quantiles of economic growth by giving an appropriate framework to apprehend the overall dependence structure. A positive linkage between trade openness and economic growth is found in United Arab Emirates,

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Asymmetric Effects of Trade Openness on Economic Growth in Selected ASEAN Countries

Cited by 9 publications

References 17 publications

Comparative Impact of Logistics Performance Index, Ease of Doing Business and Logistics Cost on Economic Development: A Fuzzy Qca Analysis

Comparative Impact of Logistics Performance Index, Ease of Doing Business and Logistics Cost on Economic Development: A Fuzzy Qca Analysis

The Nexus of International Trade and Inflation on ASEAN-5 Countries’ Economic Growth: The Mediating Role of Exchange Rates

Asymmetric openness-growth nexus in 20 highly open OIC countries: Evidence from quantile-on-quantile regression approach

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