Determinants of Import in ASEAN Economic Community

• Autores: Imamudin Yuliadi, Agus Tri Basuki, Delya Ayuningtyaswati
• Localización: International Journal of Professional Business Review: Int. J. Prof.Bus. Rev., ISSN 2525-3654, ISSN-e 2525-3654, Vol. 9, Nº. 1, 2024 (Ejemplar dedicado a: Continuous publication; e04284)
• Idioma: inglés
• DOI: 10.26668/businessreview/2024.v9i1.4043
• Enlaces
  • Texto completo (pdf)
• Resumen

  • Introduction: Imports are an important component of economic development in developing countries, including in the ASEAN Economic Community.

      Purpose: The aims of this study to analyze the determinants of import in ASEAN Economic Community.

      Methodology/Approach: The research method used is panel data analysis from 2010-2019. The research variables include imports as the dependent variable and export variables, exchange rates, population, inflation, GDP and interest rates as independent variables. This study is to analyze the determinants of imports in the economies of ASEAN community countries starting from the results of the Chow test and Hausmen test which compare the static and dynamic fixed effect panel data analysis models.

      Findings: The results of this study indicate that imports for ASEAN economic community are influenced by the variables of exports, FDI and population. The results of this study also show that imports for ASEAN economic community are a necessity to support their economic development.

      Originality/Value/Implication: The conclusion and recommendation from this research is that imports are an important component in economic development in ASEAN economic community, so it is necessary to have an integrated policy among ASEAN economic community to build economic cooperation to reduce economic dependence from outside. ASEAN economic community need to improve economic efficiency and international competitiveness to encourage exports of flagship products in international markets.

• Referencias bibliográficas
  • Barth, M. & Ramsey, V. (2001). The Cost Channel of Monetary Transmission. NBER Macroeconomics Annual 2001 (pp. 199-240). Cambridge: MIT...
  • Blanchard, O. & Perotti, R. (2002). An Empirical Characterization of the Dynamic Effects of Changes in Governments Tax on Output, MIT...
  • Bonfiglioli, R., Crino, H., Fadinger, G., & Garcia, (2020). Robot Import and Firm Level. CESifo Working Paper, 8741.
  • Brinkmeyer, H. & Borner, C. J. (2015). Drivers of Bank Landing New Evidence from the Crisis. 10.1007/978-3-658-07175-2
  • Chen, W. (2017). Do Stronger Intellectual Property Rights Lead to More R & D Intensive Imports? The Journal of International Trade and...
  • Christensen, L., Corrigan, P., Mendicino, C. & Nishiyama, S. I. (2016). Consumption, Housing Collateral and The Canadian Business Cycle....
  • Ciani, A. 2021, Income Inequality and The Quality of Imports. Review of World Economics, 157.
  • Dedola, L. & Lippi, F. (2005). The Monetary Transmission Mechanism Evidence from The Industries of The Five OECD Countries. European Economic...
  • Devadason, E. S., Chandran, V. G. R. & Kalirajan, K. (2018). Harmonization of Food Trade Standards and Regulations in ASEAN The Case of...
  • Gali, J. (2008). Monetary Policy, Inflation, and the Business Cycle an Introduction to the New Keynesian Framework. Princeton: Princeton University...
  • Ibrahim, M. (2017). An Examination of The Merchandise Imports Demand Function for Egypt. Applied Economics and Finance, 4.
  • Intriligator, M., Bodkin, R. & Hsiao, C. (1996). Econometric Models, Techniques, and Applications (2nd ed.). New Jersey: Prentice-Hall...
  • Katircioglu, S. & Altinay, M. (2017). Interaction between Energy Consumption and Imports Empirical Evidence from Turkey. Journal of Comparative...
  • Kia, A. (2001). Interest Free and Interest-Bearing Money Demand Policy Invariance and Stability. Paper, Department of Economics, Emory University,...
  • Lubik, T. A. (2014). Indeterminacy and Learning: An Analysis of Monetary Policy in the Great Inflation.
  • Maier, P. (2010). How Central Banks Take Decisions: An Analysis of Monetary Policy Meetings. In P. L. Siklos, M. T. Bohl, & M. E. Wohar...
  • Mwangi, E. N. (2020). Determinants of Agricultural Imports in Sub-Saharan Africa A Gravity Model. African Journal of Economic Review, 9.
  • Olubiyi, F. E. A., Olaifa, R. S. & Akande (2019). Are The Determinants of Imports Similar Across Manufactured Products? Evidence from...
  • Purba, M. A. B. & Fitrawaty, M. F. R. (2021). Analysis of Determinants of Development Imports on Indonesia. Budapest International Research...
  • Purnamasari, S. A. & Mulyo, J. H. (2020). Indonesian Maize Imports a Gravity Approach. IOP Conference Series Earth and Environmental Science,...
  • Romer, D. (1996). Advance Macroeconomics. McGraw-Hill Interntional Editions Economics Series.
  • Schram, A., Aisbett, E., Townsend, B., Labonte, R., Baum, F. & Friel, S. (2020). Toxic Trade The Impact of Prefferential Trade Agreements...
  • Song, Y., Wu, Y., Deng, G. & Deng, P. (2021). Intermediate Imports, Institutional Environment and Export Product Quality Upgrading Evidence...
  • Yuliadi, I. (2020). Determinants of Regional Economics Growth in Indonesia. Jurnal Ekonomi dan Studi Pembangunan (JESP), 21(1), 125-136.