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: Yip, Tien Ming, Nambiar, Shankaran
Format: Article
Published: SESRIC 2021
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Online Access:http://eprints.um.edu.my/35581/
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spelling my.um.eprints.355812023-10-24T07:29:25Z http://eprints.um.edu.my/35581/ Comparing the long term growth-enhancing effect of RCEP and CPTPP: Evidence from Malaysia Yip, Tien Ming Nambiar, Shankaran HB Economic Theory 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. SESRIC 2021 Article PeerReviewed Yip, Tien Ming and Nambiar, Shankaran (2021) Comparing the long term growth-enhancing effect of RCEP and CPTPP: Evidence from Malaysia. Journal of Economic Cooperation and Development, 42 (2). pp. 151-174. ISSN 1308-7800,
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic HB Economic Theory
spellingShingle HB Economic Theory
Yip, Tien Ming
Nambiar, Shankaran
Comparing the long term growth-enhancing effect of RCEP and CPTPP: Evidence from Malaysia
description 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.
format Article
author Yip, Tien Ming
Nambiar, Shankaran
author_facet Yip, Tien Ming
Nambiar, Shankaran
author_sort Yip, Tien Ming
title Comparing the long term growth-enhancing effect of RCEP and CPTPP: Evidence from Malaysia
title_short Comparing the long term growth-enhancing effect of RCEP and CPTPP: Evidence from Malaysia
title_full Comparing the long term growth-enhancing effect of RCEP and CPTPP: Evidence from Malaysia
title_fullStr Comparing the long term growth-enhancing effect of RCEP and CPTPP: Evidence from Malaysia
title_full_unstemmed Comparing the long term growth-enhancing effect of RCEP and CPTPP: Evidence from Malaysia
title_sort comparing the long term growth-enhancing effect of rcep and cptpp: evidence from malaysia
publisher SESRIC
publishDate 2021
url http://eprints.um.edu.my/35581/
_version_ 1781704485358272512
score 13.160551