Perdagangan Internasional, Investasi Asing, dan Efisiensi Perekonomian Negara-Negara ASEAN

Rifai Afin (), Herry Yulistiono () and Nur Alfillail Oktarani ()
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Rifai Afin: Bank Indonesia
Herry Yulistiono: Bank Indonesia
Nur Alfillail Oktarani: Bank Indonesia

Bulletin of Monetary Economics and Banking, 2008, vol. 10, issue 3, 261-296

Abstract: This research analyzes the impact of the international trade and the foreign investment on the efficiency of the host country. We apply two consecutive steps on the 5 ASEAN member countries data during the period of 1995 ? 2005. The first step is the estimation of the frontier model, using the Stochastic Frontier Analysis (SFA). The second step is the estimation of inefficiency determinacy model, covering the impact of the Foreign Direct Investment (FDI), Foreign Portfolio Investment (FPI), Other Foreign Investment (OFI), Human Development Index (HDI) and the Financial Market Development (FMD). Our result shows the international trade, FMD and the 3 forms of the foreign investment are significantly affect the economic efficiency.

Keywords: Efficiency; Foreign investment; Stochastic Frontier Analysis; international trade; ASEAN (search for similar items in EconPapers)
JEL-codes: F14 F15 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:10:y:2008:i:3c:p:261-296

DOI: 10.21098/bemp.v10i3.226

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