Comparing the long term growth-enhancing effect of RCEP and CPTPP: Evidence from Malaysia
By using a simple export-led growth model, this study compares the growth-enhancing effect of RCEP and CPTPP for the Malaysian economy. Based on data from November 2012 to August 2019, the results indicate that, first, total exports to member countries of RCEP is found to have a long-run relationshi...
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| Main Authors: | , |
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| Format: | Article |
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SESRIC
2021
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| Subjects: | |
| Online Access: | http://eprints.um.edu.my/35581/ |
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| Summary: | By using a simple export-led growth model, this study compares the growth-enhancing effect of RCEP and CPTPP for the Malaysian economy. Based on data from November 2012 to August 2019, the results indicate that, first, total exports to member countries of RCEP is found to have a long-run relationship with Malaysia’s Industrial Production Index (IPI). There is no cointegration relationship between IPI and total exports to member countries of CPTPP. Second, the growth-enhancing effect of RCEP is found to be greater than CPTPP. Third, the results obtained for RCEP are robust even with the exclusion of Malaysia’s major trading partners in the RCEP agreement. Based on the findings, this study offers some policy recommendations. © 2021, Statistical Economic and Social Research and. All rights reserved. |
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