• 동남아시아연구
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• 제20권3호
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• pp.41-64
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• 2010

The recent global financial crisis triggered by the sub-prime mortgage debacle in the United States hit hard most ASEAN countries that have just recovered from the unprecedented economic crisis ten years ago. This paper, using individual time-series and panel data from 1990 to 2009, intends to investigate and compare the impacts of the two aforementioned economic crises on trade in the four developing ASEAN countries that encompass Indonesia, Malaysia, the Philippines and Thailand. In doing so, the paper traces the behaviors of main macroeconomic variables before and after the crises on graphs, and then estimates classical export and import demand functions that include real exchange rate, home and foreign GDPs as explanatory variables. In the estimation functions, two dummy variables are added to consider the effects of the two economic crises separately. Individual country data analyses reveal that by and large the 1997 economic crisis seems hit those ASEAN countries' exports and imports harder than the recent global financial crisis. Surprisingly the recent financial crisis turns out more or less statistically insignificant for those countries' export and import performances. The fixed effect model estimation using panel data of those four ASEAN countries also shows that the 1997 economic crisis had affected exports and imports of those countries negatively while the recent global financial crisis was not statistically significant. These results indicate that overall the effect from the 1997 crisis was more devastating than that of the recent global crisis for those ASEAN countries.

• 유통과학연구
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• 제14권1호
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• pp.39-49
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• 2016

Purpose - Considering industrialization development stages, an economic effect of ASEAN free trade agreement (FTA) on foreign direct investment (FDI) flows into the ASEAN countries was analyzed. Research design, data, and methodology - utilizing macro-level panel data from 2001 to 2012, panel regression analysis was conducted with a model constructed based on the knowledge-capital model. Results - As for overall ASEAN countries, ASEAN FTA was positively effective to attract vertical FDI to this region, while horizontal FDI was dominant before ASEAN FTA. Meanwhile, for the diversified economy relevant to Singapore, ASEAN FTA was not effective to attract FDI. For the ongoing industrialization economy relevant to Thailand, Malaysia, and the Philippines, ASEAN FTA was negatively effective to attract FDI; ASEAN FTA became a strong incentive to replace foreign investments with trade transactions for the horizontal firms, but an influence of market potentials after ASEAN FTA, which induces to third-country effects such as export platform FDI, has increased. For the incipient industrialization economy relevant to Indonesia, Vietnam, and Cambodia, ASEAN FTA was positively effective to attract vertical FDI. Conclusions - The effectiveness of FTA on FDI inflows varied considerably by the industrialization development stages of host countries.

• 정보학연구
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• 제6권4호
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• pp.135-146
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• 2003

최근 다른지역에 비해 상대적으로 정보화에 뒤진 ASEAN 국가들은 통신시장 자유화를 추진하면서 국가정보화실현에 심혈을 기울이고 있다. 역내의 IT협력을 위해 e-ASEAN계획을 추진하고, ASEAN+3 체제에서 IT협력을 도모하고 있다. 이런 상황은 우리나라가 IT강국으로서 ASEAN과의 IT협력을 강화하면서 전략적으로 ASEAN에 진출할 수 있는 기회를 제공하고 있다. 따라서 본 연구는 ASEAN국가의 IT정책과 IT인프라 현환을 심층적으로 분석하였고, 분석결과를 토대로 IT시장의 성장잠재성이 매우 큰 ASEAN국가에 성공적으로 진출할 수 있는 전략을 국가 차원과 기업 차원에서 제시하였다.

• 동남아시아연구
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• 제27권4호
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• pp.41-76
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• 2017

본 논문은 ASEAN내에서 한 중 일간 수출경쟁관계를 살펴보고, 일본 엔화 또는 중국 위안화 환율변화가 우리나라의 대(對)ASEAN 수출에 미친 영향을 시계열 분석방법을 이용하여 고찰한다. 이를 위해 우선 한 중 일의 품목별 ASEAN 시장점유율 및 수출경합도지수를 도출하여 한 중 일의 ASEAN시장내 경합관계 및 변화추이를 살펴본다. 더 나아가 다양한 공적분 접근법을 사용하여 우리나라의 대(對)ASEAN 주요국별 수출함수를 추정함으로써 일본 및 중국의 환율변화가 우리의 대(對)ASEAN 수출에 미치는 영향을 살펴본다. 분석결과, 과거 가장 높았던 일본의 ASEAN 시장점유율이 중국에 의해 대체되었고, 한국의 시장점유율은 큰 변화가 없으며 그 과정에서 한 중 일간 수출경합관계는 더 치열해진 것으로 나타났다. 한편 일본 및 중국의 실질환율 변화가 우리나라의 대(對)ASEAN 수출에 미치는 영향은 매우 제한적이며, ASEAN의 경제성장이 우리나라의 대(對)ASEAN 수출증가를 견인한 것으로 나타났다. 이는 우리 기업들이 ASEAN을 글로벌 가치사슬에 포함하여 직접투자 및 중간재 교역을 급속히 확대한 결과로 보인다.

• 유통과학연구
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• 제21권2호
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• pp.1-6
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• 2023

Purpose: Research on attracting foreign direct investment plays an important role in ASEAN countries. ASEAN has needed FDI capital for development and integration with many developing countries. Research design, data and methodology: This study is conducted to assess the impact of factors: inflation (INF), economic growth (GDP), population (POP), and trade (TRADE) on attracting foreign direct investment (FDI) of ASEAN countries. The study will find out how factors distribution contributes to FDI attraction. The study collects data from 10 ASEAN countries from 2010 to 2020. With data collected for ten countries from 2010 to 2020, data analysis with panel data will be used in this study. The Regression with Driscoll-Kraay standard errors correction model will be used in the study. Results: Panel data analysis shows that economic growth and population positively impact FDI attraction in ASEAN countries. However, two factors: INF and TRADE, do not affect FDI. Conclusions: Countries need to focus on economic development, create many good conditions for people and domestic enterprises and create opportunities for foreign investors to pay more attention. improving the quality of domestic human resources will help to better improve the working quality factor when the demand for high-quality human resources increases.

• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.591-599
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• 2020

This study examines how the health of the banks in ASEAN-3 countries namely Indonesia, Malaysia and Thailand respond to the change in exchange rates and foreign interest rates in four large economies. The transmissions of the two external factors through domestic factors in each ASEAN-3 countries eventually affects Non-Performing Loan (NPL) of commercial banks. This study uses the monthly time series data and the renowned Structural Vector Autoregressive (VAR) model comprising five variables, namely exchange rate, foreign interest rate, domestic interest rate, money supply, and non-performing loan (NPL). The results indicate that there are different effects between ASEAN-3 countries, which can be classified as short-run effect and long-run effect. In the long run effect, external factors have a dominant role in determining NPL in ASEAN-3 countries. Yuan has the biggest effect on Malaysia's NPL, while Indonesia is more affected by European interest rates rather than the fluctuation of the US currency and China's interest rates. Among ASEAN-3 countries, Malaysia is the one that is the most vulnerable to external factors. While Thailand's NPL is affected dominantly by domestic factors. This study shows that the Fed Funds Rate (US official interest rate) is not always the dominant factor affecting the health of domestic banks in ASEAN-3.

• The Journal of Asian Finance, Economics and Business
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• 제7권12호
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• pp.43-52
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• 2020

This paper examines how macroeconomic variables, such as interest rate differences, inflation, exchange rates, economic growth and external debt growth, affect capital flight in the ASEAN-8 countries. We apply a panel data model with fixed effect estimation for the data for eight countries from the period 1994 to 2018. We use the residual approach used by the World Bank to measure the value of capital flight. The results show that the interest rate differences, exchange rates, economic growth and foreign debt growth had a positive and significant effect on outward capital flight. A further implication of this finding is that the interest rate differences, exchange rate, economic growth and foreign debt growth are factors that trigger an increase in capital outflow in the ASEAN-8 countries. Nonetheless, inflation rate is not considered to be the main factor influencing capital flight, as average inflation in the ASEAN-8 countries remains relatively stable. This paper will be beneficial for policymakers in the ASEAN-8 countries and encourage them to constantly pay attention to these four variables, as they significantly influence capital flight, whereas they can disregard the impact of the inflation variable that is not significant in influencing capital flight.

• Journal of the Korean Wood Science and Technology
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• 제46권5호
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• pp.577-596
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• 2018

ASEAN 국가는 광대한 연안과 수 천 개의 섬들로 이루어져 있어 기후변화로 인한 해수면 상승은 국가의 존립에 큰 위기요인이다. 이로 인해 ASEAN 각 국가가 입게 되는 피해를 최소한으로 줄이기 위해서는 범국가적인 온실가스 배출량을 감축하기 위한 노력이 중요하다. 기후변화에 대비하기 위한 다양한 방안 중 하나인 바이오연료는 이를 화석연료를 대체함으로써 환경에 미치는 영향을 최소화하고 온실가스 감축 효과를 불러올 수 있다. 바이오연료 선진국인 유럽과 미국, 브라질은 이 분야에 대한 연구와 개발 및 투자가 이전부터 활발하게 진행되고 있었던 반면 ASEAN 국가에서 관련 정책이 제정 된 것은 긴 시간이 지나지 않았다. 따라서, 본 연구에서는 바이오연료 선진국 중, 바이오에탄올 중심의 미국과 브라질, 바이오디젤 중심의 유럽 연합(EU)의 의무혼합제도와 바이오연료 보급 정책을 각각 살펴보았다. 또한 이를 바탕으로 현재 시행되고 있는 ASEAN 국가의 바이오연료 활용방안과 전망을 모색하였다.

• 수산경영론집
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• 제49권1호
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• pp.1-15
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• 2018

The main purpose of this study is to explore a way of fisheries cooperation through the ODA demand survey in the fisheries sector on 8 ASEAN countries. In detail, we identified the status of detailed cooperation in the fisheries sector with ASEAN countries and identified new cooperation network construction projects in accordance with the changes in external cooperation environment, and presented strategies and policy directions for fisheries cooperation projects. For this purpose, we surveyed the questionnaires of 8 ASEAN countries using structured questionnaires for local fisheries experts. As a result of the questionnaire analysis, eight ASEAN countries were classified into three groups according to DAC beneficiary standards and suggested implications. Based on the results of the survey, the basic direction of the fisheries cooperation projects in each of the eight countries surveyed was set up, and the preferred projects for fisheries cooperation projects were proposed by dividing them into groups. In addition, the research results were used to systematically establish national promotion plans.

• 무역학회지
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• 제44권1호
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• pp.17-30
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• 2019

This study is to investigate the effect of real exchange rate on bilateral trade balance between Korea and ASEAN 10 countries. Using quarterly data from 1991 to 2017 the paper analyzes whether or not the real depreciation of Korea's won could improve the trade balance in the short and long term. Based on Autoregressive Distributed Lag(ARDL) model, the empirical results show that trade balance, GDP, and real exchange rate are all cointegrated, representing the long-run relationship among variables. In the consideration of long-run relationship, the increases in ASEAN countries' GDP could have a negative impact and Korea's GDP positive impact on trade balance between Korea and ASEAN countries unexpectedly. For the main variable, the paper did not find the long-term effect of real exchange rate on the trade balance, for the short-term effect of the real exchange rate it was found that there exists the J-curve effect only in the case of Vietnam and Brunei. Therefore, these results imply that the intended policy concerning the exchange rate in the free-floating exchange rate system could be limited to improve the trade balance between Korea and ASEAN countries.