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Stochastic gravity model and trade efficiency for Indonesia
After four decades of open economic policies, Inonesia's exports to GDP ratio is still small compared to its neighbours indicating low trade efficiency in Indonesia's bilateral trade. Using the stochastic frontier analysis applied to the gravity model of trade, this study analyses trade frontier and efficiency for Indonesia. This analysis is important to provide an insight in trade policy meaures. The model is constructed based on two equations, the stochastic gravity model and trade efficiency model. This study estimated the determinants of trade and trade efficiency using exports as the dependent variable. The results confirm the standard gravity model result on relationship between GDP and distance to volume of exports. The results also indicate that trade intensity is an important determinant for Indonesia's bilateral exports. The Asian economic crisis brought a contraction in bilateral tarde with a surprising increase in exports in 1998. This study also found that trade efficiency is influenced by both openness and regional integration. The results indicate that Indonesia should negotiate a more open economic policy with its trading partners and continue an active participation in regional organization..Baca di tempat
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| EFI-55-2-2007 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | : Lembaga Penyelidikan Ekonomi dan Masyarakat FEUI |
|---|---|
| Edisi | - |
| Subjek | Export Gravity model Trde Regional integration |
| ISBN/ISSN | 0126155x |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |