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Does export promotion policy benefit for ASEAN economic development?

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  • Dwi Budi Santosa

Abstract

The main objective of this research is to analyse whether the export promotion policy can benefit ASEAN economic growth. The study applies secondary data from 1993 to 2015 in five countries of ASEAN: Indonesia, Malaysia, Philippines, Thailand and Singapore. 3SLS methods are applied in this study. The results suggest that the import substitution policy implemented in five ASEAN countries tend to accelerate the economic growth through agroindustry advancement. However, for non-agricultural base countries, promotion export would speed up industrialisation toward rapid economic growth.

Suggested Citation

  • Dwi Budi Santosa, 2018. "Does export promotion policy benefit for ASEAN economic development?," International Journal of Trade and Global Markets, Inderscience Enterprises Ltd, vol. 11(1/2), pages 3-11.
    • Handle: RePEc:ids:ijtrgm:v:11:y:2018:i:1/2:p:3-11
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    Cited by:

    1. Klimis Vogiatzoglou, 2019. "Export Composition and Long-run Economic Growth Impact: A Cointegration Analysis for ASEAN ‘Latecomer’ Economies," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 13(2), pages 168-191, May.
    2. Arisara Romyen & Chonrada Nunti & Paramin Neranon, 2023. "Trade efficiency under FTA for Thailand’s agricultural exports: copula-based gravity stochastic frontier model," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 12(1), pages 1-17, December.

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