Trade variety and export performance of ASEAN-5 = Kepelbagaian perdagangan dan prestasi eksport ASEAN-5
ASEAN-5 (Indonesia, Malaysia, Philippines, Singapore, and Thailand) exports have grown rapidly over the last few decades. This speedy growth of exports may adversely affect economic welfare if it is followed by deterioration in the terms of trade. However, increases in the variety of products trade...
| Main Authors: | , |
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| Format: | Article |
| Language: | English English |
| Published: |
Universiti Kebangsaan Malaysia
2014
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/42103/ http://irep.iium.edu.my/42103/ http://irep.iium.edu.my/42103/4/42103-Trade%20Variety%20and%20Export%20Performance%20of%20ASEAN-5.pdf http://irep.iium.edu.my/42103/5/42103-Trade%20Variety%20and%20Export%20Performance%20of%20ASEAN-5_SCOPUS.pdf |
| Summary: | ASEAN-5 (Indonesia, Malaysia, Philippines, Singapore, and Thailand) exports have grown rapidly over the last few
decades. This speedy growth of exports may adversely affect economic welfare if it is followed by deterioration in the terms of trade. However, increases in the variety of products traded and improvements in technology will move a country up the value chain and halt the terms of trade deterioration. Another important characteristic of ASEAN-5 exports is the heavy reliance on imported intermediate components; thus import variety may also be an important factor that affects the growth of ASEAN-5’s exports. This study measured the dynamics of the export and import varieties of ASEAN-5 for the period from 1991-2008 using variety indexes based on Shannon’s entropy. It then determined whether expansion in the varieties of products exported and imported, if any, have helped to explain the rapid growth of exports.
Eksport negara-negara ASEAN-5 (Indonesia, Malaysia, Filipina, Singapura, dan Thailand) telah berkembang dengan
amat pesat sejak beberapa dekad yang lalu. Namun pertumbuhan pesat eksport boleh menjejaskan kebajikan rakyat
sesebuah negara jika ia diikuti dengan kemerosotan terma perdagangan (terms of trade). Peningkatan jenis-jenis
produk yang didagangkan dan teknologi dapat menggerakkan negara ke arah yang lebih tinggi dalam rantaian nilai
dan menghentikan kemerosotan terma perdagangan. Satu lagi ciri penting bagi eksport Negara-negara ASEAN-5
adalah kebergantungan pada pengimportan komponen pengantara; dengan itu kepelbagaian import juga merupakan
faktor penting yang dapat memberi kesan kepada pertumbuhan eksport ASEAN-5. Kajian ini mengukur dinamik untuk
kepelbagaian eksport dan import bagi negara-negara ASEAN-5 bagi tempoh 1991-2008 menggunakan indek-indek
kepelbagaian berdasarkan entropi Shannon. Ia kemudian menentukan sama ada perkembangan kepelbagaian dalam
jenis produk yang dieksport dan diimport dapat menerangkan pertumbuhan pesat eksport di negara-negara ASEAN-5 |
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