Testing Of Economic Convergence In The Middle Of The Covid-19 Pandemic
| Main Authors: | arifin, samsul, Sayifullah, Sayifullah |
|---|---|
| Format: | Article info application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Pusat Pengkajian Ekonomi dan Kebijakan Publik
, 2021
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| Subjects: | |
| Online Access: |
https://ejournal.umm.ac.id/index.php/jep/article/view/15960 https://ejournal.umm.ac.id/index.php/jep/article/view/15960/9486 |
Daftar Isi:
- This study aims to see whether the process of export and import convergence occurs with the control variable of the size of the country's economy affected by the COVID-19 pandemic as measured by GDP and spatial interactions. The method of analysis in this study uses the Spatial Dynamic Panel. The research objects are 64 countries affected by the COVID-19 pandemic—data taken in the period 2019q4-2020q3. The results show that GDP and spatial elements influence the process of export and import convergence. The speed of convergence and the length of time to reach a steady-state, imports are better than exports reaching 28-38% with about one semester and reaching 15-16% with a duration of 1 year (export model). Exports and imports during the COVID-19 pandemic reflect interactions between countries, with distance as a determining factor. However, the role of interaction between countries tends to be insignificant in the long run.