Current account determinants in ASEAN 6
PDF
PDF

Keywords

Current Account
GDP
Interest Rate
FDI

How to Cite

Ariyani, N., Priyanto, F. W., & Yuliati, L. (2018). Current account determinants in ASEAN 6. Journal of Economics, Business, and Accountancy Ventura, 21(2), 219-228. https://doi.org/10.14414/jebav.v21i2.1419
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Abstract

This study aims to analyze the factors that influence the export activity in the ASEAN region countries such as Indonesia, Singapore, Thailand, Malaysia, Philippines and Vietnam during 2001 - 2016 by using annual data. The factors that influence gross domestic product (GDP), interest rate, foreign direct investment (FDI) and exchange rate. The method used in the research is panel Vector Error Correlation Model (PVECM). The results show that Gross Domestic Product (GDP) negatively affects the current account in the short term. The interest rate variable negatively affects the current account in the long term. The Foreign Direct Investment (FDI) variable negatively affects the current account in the long term. Furthermore, the exchange rate variable negatively affects the current account in the long term.

References

Adiningsih, H., H. Siregar dan Hasanah, H. 2013. Does the J-Curve Phenomenon Exist in The Indonesia’s Bilateral Trade Balances With Major Trading Countries?ASEAN Journal of Economics, Management and Accounting. Vol: 1(1). Hal: 13–22.

Amighini, A. dan Sanfilippo, M. 2014. Impact of South-South FDI and Trade on the Export Upgrading of African Economies. World Development. No:64. Hal: 1–17.

Bank Negara Malaysia. (2009). Bank Negara Malaysia Annual Report 2009. Bank Negara Malaysia. http://www.bnm.gov.my/index.php?tpl=2016_search_result&cx=009618718582741626374%3Aqt1v0lvdsbg&cof=FORID%3A11&q=economic+report.

Bank of Thailand. (2010). Annual Economic Report 2009. Bank of Thailand. https://cse.google.com/cse?cx=000678341823061791766:fhtqc0mt06q&q=yearly%20report%20on%20economic%20and%20monetary%20conditions%20&oq=economic%20rep&gs_l=partner-generic.1.0.0.231184.233334.0.237914.12.12.0.0.0.0.229.1679.3j8j1.12.0.gsnos%2Cn%3D13...0.2217j478105j12..1ac.1.25.partner-generic..1.11.1443.CGD4_vz9btc.

Bjornland, H.C. VAR (2000) Models in Macroeconomic Research. Statistics Norway Research Department. October 2000. Page 1-31.