THE INDONESIA-MIDDLE EAST BUSINESS CYCLE SYNCHRONIZATION
Dublin Core
Title
THE INDONESIA-MIDDLE EAST BUSINESS CYCLE SYNCHRONIZATION
Subject
business cycle synchronization, trade, middle east, cross-sectional weight.
Description
This study aims to analyze the business cycle synchronization (BCS) between Indonesia and 14 Middle Eastern countries and its determinants. The BCS was measured using BCS Index. The panel
data was analysed using Feasible General Least Square with estimated coefficients. The results show that the Indonesia-Middle East BCS is strong in terms of index and trend. Trade openness positively and significantly affects the BCS. This study provides evidence for the endogeneity of trade relations and the BCS. Price factors, such as inflation and exchange rates, are more difficult to forecast. This information allows stakeholders to promote Indonesia’s open trade policies and liberalization in the Middle East. This study proposes an update for how Indonesia and Middle East have benefited from the openness of trade and investment that exists between them. The BCS indices and trends in the two regions are important sources for expanding their economic partnership.
data was analysed using Feasible General Least Square with estimated coefficients. The results show that the Indonesia-Middle East BCS is strong in terms of index and trend. Trade openness positively and significantly affects the BCS. This study provides evidence for the endogeneity of trade relations and the BCS. Price factors, such as inflation and exchange rates, are more difficult to forecast. This information allows stakeholders to promote Indonesia’s open trade policies and liberalization in the Middle East. This study proposes an update for how Indonesia and Middle East have benefited from the openness of trade and investment that exists between them. The BCS indices and trends in the two regions are important sources for expanding their economic partnership.
Creator
Memet Agustiar
Source
DOI: http://dx.doi.org/10.26418/jebik.v12i2.63262
Publisher
Univ. Tanjungpura
Date
03-11-2023
Contributor
Sri Wahyuni
Rights
P-ISSN : 2087-9954, E-ISSN: 2550-0066
Format
PDF
Language
English
Type
Text
Coverage
Jurnal Ekonomi Bisnis dan Kewirausahaan (JEBIK) Univ. Tanjungpura 2023
Files
Collection
Citation
Memet Agustiar, “THE INDONESIA-MIDDLE EAST BUSINESS CYCLE SYNCHRONIZATION,” Repository Horizon University Indonesia, accessed March 13, 2025, https://repository.horizon.ac.id/items/show/6071.