PERDAGANGAN INTERNASIONAL, INVESTASI ASING, DAN EFISIENSI PEREKONOMIAN NEGARA-NEGARA ASEAN
This research analyzes the impact of the international trade and the foreign investment on the efficiency of the host country. We apply two consecutive steps on the 5 ASEAN member countries data during the period of 1995 - 2005.
The first step is the estimation of the frontier model, using the Stochastic Frontier Analysis (SFA). The second step is the estimation of inefficiency determinacy model, covering the impact of the Foreign Direct Investment (FDI), Foreign Portfolio Investment (FPI), Other Foreign Investment (OFI), Human Development Index (HDI) and the Financial Market Development (FMD). Our result shows the international trade, FMD and the 3 forms of the foreign investment are significantly affect the economic efficiency.
Keywords:Efficiency, Foreign investment, Stochastic Frointier Analysis, international trade, ASEAN.
JEL Classification: F14, F15
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