INTENSITAS PERDAGANGAN DAN KESELARASAN SIKLUS BISNIS DI ASEAN-4 DAN UNI EROPA *
The main objective of this research is to empirically analyze how the business cycle of ASEAN-4 (namely Indonesia, Malaysia, Thailand, and Philippines) economies are influenced by increased trade with European Union especially Netherland and Germany. Increased trade can lead business cycles across t...
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| Format: | UMS Journal (OJS) |
| Language: | eng |
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Muhammadiyah University Press
2011
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| Online Access: | https://journals.ums.ac.id/index.php/JEP/article/view/191 |
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| author | Lestari, Etty Puji |
| author_facet | Lestari, Etty Puji |
| author_sort | Lestari, Etty Puji |
| collection | OJS |
| description | The main objective of this research is to empirically analyze how the business cycle of ASEAN-4 (namely Indonesia, Malaysia, Thailand, and Philippines) economies are influenced by increased trade with European Union especially Netherland and Germany. Increased trade can lead business cycles across trading partners to be patterned in either direction, towards convergence or divergence. We used regression and vectorautoregression (VAR) methods for this research. Regression methods is based panel data whereas VAR is based on the time series analysis. There are four variables, which are business cycle, trade intensity, fiscal policy coordination and monetary policy coordination. This research conclude that trade intensity and monetary policy coordination are the major channel though which the business cycles of ASEAN-4 economies become synchronized. This has important implications for the formation of a currency union. |
| format | UMS Journal (OJS) |
| id | oai:ojs2.journals.ums.ac.id:article-191 |
| institution | Universitas Muhammadiyah Surakarta |
| language | eng |
| publishDate | 2011 |
| publisher | Muhammadiyah University Press |
| record_format | ojs |
| spelling | oai:ojs2.journals.ums.ac.id:article-191 INTENSITAS PERDAGANGAN DAN KESELARASAN SIKLUS BISNIS DI ASEAN-4 DAN UNI EROPA * Lestari, Etty Puji business cycle; trade intensity; synchronization; monetary policy The main objective of this research is to empirically analyze how the business cycle of ASEAN-4 (namely Indonesia, Malaysia, Thailand, and Philippines) economies are influenced by increased trade with European Union especially Netherland and Germany. Increased trade can lead business cycles across trading partners to be patterned in either direction, towards convergence or divergence. We used regression and vectorautoregression (VAR) methods for this research. Regression methods is based panel data whereas VAR is based on the time series analysis. There are four variables, which are business cycle, trade intensity, fiscal policy coordination and monetary policy coordination. This research conclude that trade intensity and monetary policy coordination are the major channel though which the business cycles of ASEAN-4 economies become synchronized. This has important implications for the formation of a currency union. Muhammadiyah University Press 2011-12-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://journals.ums.ac.id/index.php/JEP/article/view/191 10.23917/jep.v12i2.191 Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan; Vol 12, No 2 (2011): JEP Desember 2011; 163-186 2460-9331 1411-6081 eng https://journals.ums.ac.id/index.php/JEP/article/view/191/178 Copyright (c) 2015 Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan https://creativecommons.org/licenses/by/4.0 |
| spellingShingle | business cycle; trade intensity; synchronization; monetary policy Lestari, Etty Puji INTENSITAS PERDAGANGAN DAN KESELARASAN SIKLUS BISNIS DI ASEAN-4 DAN UNI EROPA * |
| title | INTENSITAS PERDAGANGAN DAN KESELARASAN SIKLUS BISNIS DI ASEAN-4 DAN UNI EROPA * |
| title_full | INTENSITAS PERDAGANGAN DAN KESELARASAN SIKLUS BISNIS DI ASEAN-4 DAN UNI EROPA * |
| title_fullStr | INTENSITAS PERDAGANGAN DAN KESELARASAN SIKLUS BISNIS DI ASEAN-4 DAN UNI EROPA * |
| title_full_unstemmed | INTENSITAS PERDAGANGAN DAN KESELARASAN SIKLUS BISNIS DI ASEAN-4 DAN UNI EROPA * |
| title_short | INTENSITAS PERDAGANGAN DAN KESELARASAN SIKLUS BISNIS DI ASEAN-4 DAN UNI EROPA * |
| title_sort | intensitas perdagangan dan keselarasan siklus bisnis di asean 4 dan uni eropa |
| topic | business cycle; trade intensity; synchronization; monetary policy |
| topic_facet | business cycle; trade intensity; synchronization; monetary policy |
| url | https://journals.ums.ac.id/index.php/JEP/article/view/191 |
| work_keys_str_mv | AT lestariettypuji intensitasperdagangandankeselarasansiklusbisnisdiasean4danunieropa |