The external sector vulnerability monitoring index: The case of Chinese and ASEAN-5 economies

MMario Arturo Ruiz Estrada and Diwa Samad (2018) The external sector vulnerability monitoring index: The case of Chinese and ASEAN-5 economies. Contemporary Economics, 12 (3). pp. 301-314. ISSN 1913-9012

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Abstract

301 This work is licensed under a Creative Commons Attribution 4.0 International License. This paper introduces an alternative indicator to evaluate the external sector behavior of a country or region. The objective of this indicator, titled "The External Sector Vulnerability Monitoring Index" (henceforth ESVM) (λ), is to offer policy-makers and researchers a new analytical tool to study the external sector trends and stages of any country from a global perspective. The ESVM-index (λ) is not intended to be a forecasting model. It is focused on showing the past and present economic situation in any country's external sector performance. It can provide a general idea of the situation and evolution of the foreign sector performance of any country. Therefore, the application of the ESVM-index (λ) is based on the characteristics, conditions and historical moments that any country presents in its external sector development. ESVM-index (λ) acts as a simulator that allows the application of a series of different scenarios and phases of external sector performance of any country. In our case, we apply the external sector vulnerability monitoring index (λ) on the Chinese and ASEAN-5 economies.

Item Type: Article
Keyword: Trade liberalization, Openness, International Trade, ASEAN, China
Subjects: D World History and History Of Europe, Asia, Africa, Australia, New Zealand, Etc. > DS Asia
Depositing User: OTHMAN HJ RAWI -
Date Deposited: 27 Jun 2019 10:53
Last Modified: 27 Jun 2019 10:53
URI: https://eprints.ums.edu.my/id/eprint/22308

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