DAMPAK INTEGRASI EKONOMI TERHADAP INVESTASI DI KAWASAN ASEAN: ANALISIS MODEL GRAVITASI
Keywords: AFTA, ASEAN, China-India,, economic integration, EU, FDI, gravity model, Mercosur, NAFTA
Abstract
The objective of the study were to analyze the effect of ASEAN and NAFTA, EU, Cind (China-India) and Mercosur economic integration to investment activities in the nations of ASEAN area integration. The study used a gravity model with simultaneous equations and panel data with estimator Generalized Method of Moments (GMM). The result of the study was the economic integration of ASEAN has a positive effect to the increasing investment of the ASEAN nations. The NAFTA economic integration area has a higher investment fascination of the EU, Mercosur and Cind integration areas.
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References
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Amjadi, A, & Winters, A. (1999). Transport costs and natural integration in Mercosur. Journal of Economic Integration, 14(4), 497-521.
Anderson, J.E. (1979). A theoretical foundation for gravity equation. American Economics Review, 69(1), 106-116.
Bergstrand, J.H. (1985). The gravity equation in international trade: Some microeconomic foundations and empirical evidence. Review of Economics and Statistics, 67, 474-481.
Cernat, L. (2001). Assessing regional trade arrangements: Are south-south RTAs more trade diverting. Global Economi Journal, 2(3), 235-260.
Deardoff, A. (1995). Determinants of billateral: FDI does gravity model in world economy. Chicago: The University of Chicago Press.
Dollar, D. (1992). Outward oriented developing economic really do grow more rapidly: Evidence from 95 LCDs. 1976-85. Economic Development and Cultural Change, 40 (3), 523-544.
Dunning, J.H. (1987). Multinational corporate integration and regional economic integration. Journal of Common Market Studies, 26 (2), 103-126.
Edwars, S. (1998). Openness, productivity, and growth: What do we really know? Economic Journal, 108(3), 383-398.
Felianty, T.A. (2006). FDI di Indonesia, peranannya terhadap kinerja makro ekonomi, Masalah-masalah yang dihadapi dan tantangan ke depan. Jurnal Bisnis dan Ekonomi, 7(2), 69-86.
Frankel, J. (1997). Regional trading blocs in the world economic system. Washington DC: Institute for International Economics.
Jovanovic, F. (2006). Integration, disintegration and trade in Europe: Evaluation of trade relation during the 1990s. Working Paper No. 20.
Karunia, F. (2005). Faktor-faktor yang mempengaruhi penanaman modal asing langsung sektor industri manufaktur Indonesia. Tesis master yang tidak dipublikasikan, Universitas Indonesia. Jakarta.
Kreinin, M.E., & M.G. Plummer. (2002). Economics integration and development: Has regionalism delivered for developing countries? London: Edward Elgar.
Krueger, A.O. (1999). Trade creation and trade diversion under NAFTA. NBER Working Paper No. 7429 (December). New York: National Bureau of Devries B.A (1978).
Krugman, P. (1991). Lessons of Massachusetts for EMU. Geography and Trade. Cambridge: MIT Press.
Linneman, H. (1966). An econometric study of international trade flows. North-Holland. Amsterdam.
Pain, N. (1996). Continental drift: Europen integration and the location of UK foreign direct invesment. NIESR Discussion Paper 1007, National Institute of Economic and Social Research.
Pelkman, G. (2003). The challenge of enlargement of Euroland. Workshop on EMU: Current state and future prospects. University of Crete, Rethymno, Greece.
Pramadhani, M., Bissoondeeal R., & Driffield, N. (2007). FDI, trade and growth, a causality link. Research Paper, Aston Business School. Aston University, Birmingham RP 0710.
Riyadi, D.S. (1998). Peranan arus masuk investasi asing langsung (FDI) inflow terhadap pertumbuhan ekonomi Indonesia. Tesis master yang tidak dipublikasikan. Institut Teknologi Bandung, Bandung.
Sachs, J.D., & Warner, A. (1995). Economic reform and the process of global integration. Brooking Paper on Economic Activity, 1(5), 1-118.
Sanso, M., Cuairian, & Sanz, F. (1993). Billateral trade, the garvity equation and funcional form. Review of Economics and Statistics, 266-275.
Sharma, S.C., & Shua, Y.C. (2000). ASEAN: Economic integration and intra regional trade. Apllied Economics Letters, USA, 7(3), 165-169.
Solvatore, D. (1997). Ekonomi internasional. Edisi kelima. Jakarta: Erlangga.
Wacziarg, R. (2001). Measuring the dynamic gains from trade. World Bank Economic Review, 15(3), 393-429.
Wall, J.H. (2000). Gravity model specification and the effects of the Canada-US Border. Federal Reserve Bank of St. Louis. Workig Paper 2000-024A.
Published
Sep 16, 2009
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Ridwan, R. . (2009). DAMPAK INTEGRASI EKONOMI TERHADAP INVESTASI DI KAWASAN ASEAN: ANALISIS MODEL GRAVITASI. Jurnal Organisasi Dan Manajemen, 5(2), 95–107. https://doi.org/10.33830/jom.v5i2.247.2009
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