Monday, May 21, 2012
We invite postgraduate students to submit an extended abstract of maximum 1500 characters by June 20 2012. Only one author per submission can be nominated as the ‘presenting author’. Please note that all presenters must register for the conference.
Guideline for Extended Abstract
- A title
- Name, affiliation, phone number and email addresses for all authors
- The purpose and motivation of the study
- The design or methodology of the study
- Summary of results
- Implication of the study
- Originality of the study
Interdependence of Income between China and ASEAN-5 Countries
Evan LAUa and LEE Koon Pob
aDepartment of Economics, Faculty of Economics and Business,
Universiti Malaysia Sarawak (UNIMAS),
94300 Kota Samarahan, Sarawak, Malaysia.
b UMW Corporation Sdn. Bhd (Oil & Gas)
Suite 3A, Level 18, Plaza Sentral,
Jalan Stesen Sentral 5,
50470 Kuala Lumpur, Malaysia
Purpose – The purpose of the paper is to empirically examine the interdependence of income between China and ASEAN-5 countries by using the real GDP. Besides answering this important policy question, we are also interested in ascertaining the causal direction between China and the ASEAN-5 income.
Design/methodology/approach – We resort to the standard time series econometrics analysis. These include the unit root, cointegration and the Granger causality tests in order to test the causal interplay and interdependence of income between ASEAN-5 and China for the estimation period from 1960 to 2003 obtained from the Penn World Table (PWT) 6.2 (Heston et al, 2006).
Findings – Empirical results are found to support the strong interdependence of income between China and ASEAN-5 countries. Further, the causality experiment suggest that China is the key factor in connecting (equilibrium point) the ASEAN-5 region, where China in one-way or another marks the resemblance of the income amongst this economies.
Originality/value – The paper is of value by showing to uncover the issue of interdependence of income especially in developing countries. With the increasing interest of economic integration around the globe especially the China-ASEAN Free Trade Area (CAFTA), the interdependence and synchronization movements of income between member countries is an important characteristic for suitability toward the regional common currency goal.
Keywords: Interdependence, cointegration, China, ASEAN-5
We are pleased to inform that the Faculty of Economics and Business, Universiti Malaysia Sarawak (UNIMAS) will be organizing Postgraduate Conference on Social Science and Humanity from 9-10 July 2012 at Universiti Malaysia Sarawak (UNIMAS). With the conference theme of “Educating and Sharing of Knowledge towards Successful Contemporary Research Development” it is a clear indication on the crucial role of educating, sharing of knowledge and networking in the effort of revolutionizing the knowledge of the ever-changing progress of research and development. These were in line with the 20th Anniversary of UNIMAS tagline of ‘Moving Forward’ where exploration of radical innovation in knowledge advancement focusing on the contemporary community would be important in the pursuit of excellence for the university.
The two days conference was specially tailored for postgraduate students covering the whole spectrum on the Social Sciences and Humanities endeavors. All participants are given an opportunity to present and share their research progress and knowledge. The participants are also encouraged to exchange ideas that are directly or indirectly related to their research while nurturing research culture in the university. Additionally, the conference is also a platform for the postgraduate students for larger scale international conferences while preparing them for the future viva voce. Certainly, the conference provides excellent opportunity for networking among the postgraduate students and research experts.