Analysis of Indonesian Trade: Case Study After The AFTA Agreement
Downloads
The ASEAN Free Trade Area (AFTA) began in 1993. The hope of this agreement was that intra-ASEAN trade to grow rapidly turned out to be slow. Based on data from the ASEAN Secretariat in 2016, intra-ASEAN trade experienced a slow journey in the range of 20-24 percent over the past few years. This study empirically analyzed the influence of AFTA on Indonesia's trade structure towards ASEAN using TSI, GL / IIT, and CTB index. In the period of 2012-2017 Indonesia's trade balance against ASEAN suffered a loss. Despite the loss, there was a decrease in trade balance losses from 2015-2017 (after AFTA). To analyze trade there are 10 commodity classifications determined by SITC revision 3. Based on the results of the TSI analysis, there is a specialization of 6 commodities trading which have high export power. The CTB analysis is only commodities of Chemicals and related products, n.e.s, which contribute positively to Indonesian trade. For IIT analysis there are 4 commodities where the average IIT index increases after the AFTA agreement.
Keywords: ASEAN, Trade, AFTA, IIT, TSI, CTB
JEL Classification: F180, F140, F130
ASEAN Secretariat. (2016). ASEAN Annual Report 2015-2016.
ASEAN Statistical. (2017). ASEAN Statistical Year Book. https://www.aseanstats.org/
Mirza, T. (2016). Pengaruh AFTA Terhadap Perdagangan Indonesia dan Kesiapan Indonesia Menghadapi Masyarakat Ekonomi Asean 2015. ETD Unsyiah.
Skusen, Mark. (2005). Sang Maestro Teori-teori ekonomi modern. Jakarta, Jakarta Prenada.
Kang, M. (2016). Comparative Analysis of Korea' s Trade in Ceramic Industry and Its Policy Implications. KIET Industrial Economic Review, 21(6), 42–54.
Leití£o, N. C., & Faustino, H. C. (2010). Determinants of foreign direct investment in Portugal. Journal of Applied Business and Economics, 11(3), 19-26.
Mankiw NG. (2000). Teori Makroekonomi, Edisi ke-5, Imam N, penerjemah, Jakarta (ID): Erlangga, Terjemahan dari: Principles of Macroeconomics
Pujoalwanto, Basuki. (2014). Perekonomian Indonesia Tinjauan Historis, Teoritis, dan Empiris. Yogyakarta : Graha Ilmu.
Salvatore D, 1996, Ekonomi Internasional Edisi Kelima Jilid 1, Jakarta (ID): Erlangga
Sharma, K. (1999). Pattern And Determinants Of Intra-Industry Trade In Australian Manufacturing. Center Discussion Paper. http://www.econ.yale.edu/growth_pdf/cdp813.pdf
Sujová, A., HlaváÄková, P., & Marcineková, K. (2015). Evaluating the competitiveness of wood processing industry. Drvna industrija: Znanstveni Äasopis za pitanja drvne tehnologije, 66(4), 281-288.
Yoon, P. S., & Starks, L. T. (1995). Signaling, Investment Opportunities, and Dividend Announcements. Review of Financial Studies, 8(4). https://doi.org/10.1093/rfs/8.4.995
Copyright (c) 2019 Ronald Pratama Poetra
This work is licensed under a Creative Commons Attribution 4.0 International License.
JDE (Journal of Developing Economies) (p-ISSN: 2541-1012; e-ISSN: 2528-2018) is licensed under a Creative Commons Attribution 4.0 International License
- The journal allows the author to hold the copyright of the article without restrictions.
- The journal allows the author(s) to retain publishing rights without restrictions
- The legal formal aspect of journal publication accessibility refers to Creative Commons Attribution (CC BY)
