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Do CLMV countries catch up with the older ASEAN members in terms of income level?

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  • Fumitaka Furuoka

Abstract

This article examined whether Cambodia, Laos, Myanmar and Vietnam were catching up in terms of real per capita Gross Domestic Product with the older six Association of Southeast Asian Nations (ASEAN) members, namely Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand. The findings indicated that Cambodia succeeded in reaching Indonesia’s income level and Vietnam was catching up with Indonesia and the Philippines. However, the income gap between Laos and Myanmar and the older ASEAN members was not reduced. These findings have some policy implications.

Suggested Citation

  • Fumitaka Furuoka, 2019. "Do CLMV countries catch up with the older ASEAN members in terms of income level?," Applied Economics Letters, Taylor & Francis Journals, vol. 26(8), pages 690-697, May.
    • Handle: RePEc:taf:apeclt:v:26:y:2019:i:8:p:690-697
    DOI: 10.1080/13504851.2018.1489494
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    Cited by:

    1. OlaOluwa S. Yaya & Fumitaka Furuoka & Kiew Ling Pui & Ray Ikechukwu Jacob & Chinyere M. Ezeoke, 2020. "Investigating Asian regional income convergence using Fourier Unit Root test with Break," International Economics, CEPII research center, issue 161, pages 120-129.
    2. Jena , Devasmita, 2021. "International Trade, Structural Transformation and Economic Catch-Up: An Analysis of The Asean Experiences," Journal of Economic Development, The Economic Research Institute, Chung-Ang University, vol. 46(3), pages 135-155, September.
    3. Sakiru Adebola Solarin & Sinan Erdogan & Ugur Korkut Pata, 2023. "Convergence of Income Inequality in OECD Countries Since 1870: A Multi-Method Approach with Structural Changes," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 166(3), pages 601-626, April.

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