Pergerakan modal di negara ASEAN 5, Jepang, Cina dan Korea : aplikasi model Feldstein-Horioka dan interest rate parity

Deskripsi

The research is aimed to see the capital mobility in ASEAN 5+3 encompasses Indonesia, Malaysia, Thailand, Philippines, Singapore, Japan, China and Korea. Two different methods are used in this research which is the classical model of Fleldstein-Horioka and interest rate parity. The Feldstein-Horioka uses the annual panel data of gross national saving and gross national investment and the interest rate parity uses the three-month data of discount rate and saving deposit rate. The result shows that there is an increase in the mobility of capital in ASEAN 5+3 and interest rates among those countries will eventually reach the parity condition in the long-run except for Thailand-Japan, Thailand-Korea and Thailand-Singapore.Ada tabel