Analisis Keberlakuan Efek Kurva J pada Hubungan Bilateral Indonesia-ASEAN 5: 2010.1-2021.4

Muntaz Ndaru Apsari () and Fransiscus Xaverius Sugiyanto
Additional contact information
Muntaz Ndaru Apsari: Departemen Ilmu Ekonomidan Studi Pembangunan, Fakultas Ekonomika dan Bisnis,Universitas Diponegoro, Semarang, Indonesia
Fransiscus Xaverius Sugiyanto: Departemen Ilmu Ekonomidan Studi Pembangunan, Fakultas Ekonomika dan Bisnis,Universitas Diponegoro, Semarang, Indonesia

Diponegoro Journal of Economics (DJOE), 2023, vol. 12, issue 3, 47-56

Abstract: This study was conducted to examine the J-curve effect in the bilateral relationship between Indonesia and the ASEAN-5 countries, as well as to understand how the AFTA and MEA programs related to economic openness influence the formation of the J-curve in this bilateral relationship. The variables used in this research are bilateral net exports between Indonesia and the ASEAN-5, bilateral real exchange rates, and the degree of bilateral economic openness between Indonesia and the ASEAN-5. Based on the results of the regression analysis, it indicates that the bilateral relationship between Indonesia and the ASEAN-5 during the period from Q1 2010 to Q4 2021 does not confirm the existence of the J-curve effect, and the degree of economic openness significantly influences bilateral net exports in the Indonesia-Thailand and Indonesia-Malaysia relationships. The elasticity of the real exchange rate and the degree of economic openness with respect to net exports is related to the existence and formation of the J-curve.

Keywords: J-Curve Effect; Net Export; Real Exchange Rate; degree of economic openness (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ejournal3.undip.ac.id/index.php/jme/article/view/39710/32308 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:dipjoe:9710

Access Statistics for this article

Diponegoro Journal of Economics (DJOE) is currently edited by Aris Munandar

More articles in Diponegoro Journal of Economics (DJOE) from Faculty of Economics and Business, Universitas Diponegoro Contact information at EDIRC.
Bibliographic data for series maintained by Aris Munandar ().