KONVERGENSI INFLASI DAN OPTIMUM CURRENCY AREA (OCA) DI ANTARA NEGARA ASEAN SEBELUM DAN DALAM SKEMA AFTA

FRITA AMRITA, 040217365 (2005) KONVERGENSI INFLASI DAN OPTIMUM CURRENCY AREA (OCA) DI ANTARA NEGARA ASEAN SEBELUM DAN DALAM SKEMA AFTA. Skripsi thesis, UNIVERSITAS AIRLANGGA.

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Abstract

This paper studies the dynamics of price indices for countries participating in the same regional economic association, such as ASEAN, before and after the introduction of AFTA. Based on monthly national CPI data, over an observation of more than four hundred, and using panel unit root tests which counting jointly for the cross-section and time dimension, we examine the convergence of consumer prices inflation. The results indicate that, for both period, inflation rates among countries mean revert. Thus, the deviations from relative PPP are minimised or negligible. However, prices in AFTA period converge more slowly than prices in pre-AFTA period, reflecting the insignificant impact of AFTA in converging the prices through increased integration among the nations.. Given this result, it is believed that for the foreseeable future, the creation of an ASEAN monetary union and the corresponding currency area may be suitable and will be recommended for enhancing economic integration in this region.

Item Type: Thesis (Skripsi)
Additional Information: KKB KK-2 C 19/06 Amr k
Uncontrolled Keywords: MONETARY UNIONS
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD6350-6940.7 Trade unions. Labor unions. Workers' associations
H Social Sciences > HJ Public Finance > HJ9-9940 Public finance > HJ2240-5908 Revenue. Taxation. Internal revenue > HJ2351 Inflation and taxation
Divisions: 04. Fakultas Ekonomi dan Bisnis > Ekonomi Pembangunan
Creators:
CreatorsEmail
FRITA AMRITA, 040217365UNSPECIFIED
Contributors:
ContributionNameEmail
ContributorSoebagyo, Drs., EcUNSPECIFIED
Depositing User: Nn Duwi Prebriyuwati
Date Deposited: 05 May 2006 12:00
Last Modified: 06 Jul 2017 02:17
URI: http://repository.unair.ac.id/id/eprint/7629
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