Kueh, Jerome Swee-Hui and Puah, Chin-Hong and Mattias, Murphy Lai (2010): Economic Integration between ASEAN+5 Countries: Comparison of GDP. Published in: Global Review of Business and Economics Research , Vol. 6, No. 2 (2010): pp. 191-198.
Download (81Kb) | Preview
This study aims to investigate the causality direction of economic integration among ASEAN countries together with five other neighboring countries, namely Australia, China, Japan, New Zealand and South Korea. The analysis is based on the economic integration of GDP covering the sample period from 1967 to 2007. Empirical results from the Toda and Yamomoto (1995) Granger non-causality tests depicted the existence of bi-directional causality relationships between the GDP of ASEAN and China; GDP of ASEAN and Japan; GDP ASEAN and South Korea, and also GDP of ASEAN and New Zealand. This indicates that there is a great potential for ASEAN countries moving towards higher degree of economic integration via strengthening the relationship with those countries within the region.
|Item Type:||MPRA Paper|
|Original Title:||Economic Integration between ASEAN+5 Countries: Comparison of GDP|
|Keywords:||Toda and Yamomoto; Economic Integration; ASEAN+5|
|Subjects:||F - International Economics > F1 - Trade > F15 - Economic Integration
F - International Economics > F5 - International Relations and International Political Economy > F50 - General
C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C19 - Other
|Depositing User:||Chin-Hong Puah|
|Date Deposited:||22. Jun 2011 09:20|
|Last Modified:||18. Feb 2013 22:46|
Akhtar, S. (2004). Economic Integration in East Asia: Trends, Challenges and Opportunities. Paper presented at the Symposium entitled “The Challenges and Opportunities of Economic Integration in East Asia” at the Royal Society, London.
ASEAN Secretariat (2004). Overview of ASEAN-Australia Relations. Retrieved July 29, 2008 from http://www.aseansec.org/12974.htm.
Balassa, B. (1961). The Theory of Economic Integration (pp. 1-4). Illinois: Irwin.
Carbaugh, J.R. (2008). International Economics (11th Edition). South-Western: Thomson.
Darrat, A.F. and Al-Shamsi, F.S. (2003). On the Path to Integration in the Gulf Region: Are the Gulf Economies Sufficiently Compatible? Paper presented at the ERF’s Tenth Annual Conference, Marrakesh, Morocco.
Dickey, D.A., & Fuller, W.A. (1979). Distribution of the estimation for autoregressive time series with a unit root. Journal of American Statistical Association, 79, (pp.355-367).
Lau, E and Lee, K.P. (2008). Interdependence of Income between China and ASEAN-5countries. Journal of Chinese Economic and Foreign Trade Studies, 1, 2, 148-161.
Rambaldi, A.N. and Doran, H.E. (1996). Testing for Granger Non-Causality in Cointegrated Systems Made Easy. Working Papers in Econometrics and Applied Statistics. Department of Econometrics, University of New England: Armidale NSW, No. 88.
Rana, P.B. (2006). Economic Integration in East Asia: Trends, Prospects and A Possible Roadmap. Asian Development Bank Regional Working Paper Series on Economic Integration, No.2.
Toda, H.Y. and Yamamoto, T. (1995). Statistical inference in vector autoregressions with possible near integrated processes. Journal of Econometrics, 66, 225-250.