Analisis dampak krisis pada konvergensi di ASEAN

Deskripsi

In a regional organization which accommodates economic integration like ASEAN, reduction of disparities is important to achieve the target of policies. The existence of disparities can be estimated by convergence theory, of which based on Solow Growth Model. This paper explains how ASEAN slowly experienced the reduction of disparities among its member states after the expansion at Indochina in the last two decades. However, this paper also shows that the impact of structural break play a significant role in the process of convergence in ASEAN. This structural break was triggered by Asian Financial Crisis that affected various macroeconomic variables in Southeast Asia.Ada tabel