Towards Economic Linkages and Market Integration in Facing Asean Economic Community: Case Study West Sumatra Economy
| Main Authors: | Ansofino, Ansofino, Zusmelia, Zusmelia |
|---|---|
| Format: | Article PeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
Serial Publications Pvt.Ltd
, 2017
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| Subjects: | |
| Online Access: |
http://repo.stkip-pgri-sumbar.ac.id/id/eprint/3067/1/view_usp%3Dsharing http://repo.stkip-pgri-sumbar.ac.id/id/eprint/3067/ https://drive.google.com/file/d/1YEJW9n02xCZtjMUinKeMQ2WvEsaqAEnP/view |
Daftar Isi:
- The focus of this study are economic relationship between West Sumatra within ASEAN countries and economic integration between West Sumatra within ASEAN. This study used econometric approach with cointegrated regression method to construct the model specification of West Sumatra economy linkages includes city, districts and other provinces in Sumatra economic corridor as well as the economies of ASEAN countries in the context of ASEAN Economic Community (AEC) 2015. The data are the time series data taken from central biro statistic, Bank of Indonesia and the Ministry of Trade and the Ministry of Economic Affairs in Jakarta as well as from the site www.trademap.org. The results showed that the linkage of West Sumatra economy within ASEAN countries is on the export of agricultural commodities, especially perennial crops (rubber, palm oil, and cocoa). This indicated by the value of RCA’s agricultural exports in 2010 was 35.55 and industrial export wa 1.53 which is greater than 1. The value of its RCA shifted in 2012 where agricultural exports remained greater than one and the industry no longer has a comparative advantage replaced by exports of mining products. The second result showed that the economic linkages of West Sumatra economy with regional markets can be reflected from the trade balance among the provinces in Sumatra Economic corridor. West Sumatra economy associated with the ten provinces in Sumatra in imports, while for exports associated with European, American countries and ASEAN.The third result showed that West Sumatra economy is integrated with Sumatra Economic Corridor which indicated by the trace of statistics value greater than the critical value. The last result showed that West Sumatra economy less integrated with the ASEAN countries, except only for Malaysia and Singapore, which is indicated by the value of the trace statistics are greater than the critical value of 5%. The imported goods get into West Sumatra through neighbouring provinces as Riau, South Sumatra and Riau Islands. Keywords: Economic linkages, economic integration, ASEAN Economic Community.