The convergence clubs of Regional Comprehensive Economic Partnership (RCEP) countries: a wise choice?

This investigation used the non-linear approach on the income convergence issues of the Regional Comprehensive Economic Partnership (RCEP) countries to evaluate empirically the income convergence during the period 1997-2015. Alternatively, if two or more nations have shown to some degree of income c...

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Main Authors:	Dayang Affizah Awang Marikan, Md.Mahbubur Rahman, Nor Afiza Abu Bakar, Ting, Mee Sing
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2017
Online Access:	http://journalarticle.ukm.my/11617/ http://journalarticle.ukm.my/11617/ http://journalarticle.ukm.my/11617/1/jeko_51%282%29-9.pdf

id	ukm-11617
recordtype	eprints
spelling	ukm-116172018-04-30T00:56:38Z http://journalarticle.ukm.my/11617/ The convergence clubs of Regional Comprehensive Economic Partnership (RCEP) countries: a wise choice? Dayang Affizah Awang Marikan, Md.Mahbubur Rahman, Nor Afiza Abu Bakar, Ting, Mee Sing This investigation used the non-linear approach on the income convergence issues of the Regional Comprehensive Economic Partnership (RCEP) countries to evaluate empirically the income convergence during the period 1997-2015. Alternatively, if two or more nations have shown to some degree of income convergence, it can be useful to identify the uniformity of economic performance. Because of the excessive output inequalities between members and between regions, a full aggregate convergence failed to be established yet the study further facilitates the endogenous decision of clubs convergence (sub groups). Evidence from income convergence indicates that a group of developed nations, particularly Singapore, Japan, New Zealand and Brunei comprised of the core clubs, Malaysia, China, Thailand and Indonesia, known as newly industrialized economies (NIES’s) clustered into a group. Finally, the remaining countries, converging towards each other forming another club. Seven clubs convergence implies that the RCEP members experience weak convergence between them which illustrate relatively substantial dissimilarity in its structure of the economy as a whole. Despite the dissimilarity, the speed of convergence indicates that possible catching up within the members countries, in converging towards a similar transition path of economics growth. Thus indicating further realisation of economic corporation and stronger integration among the RCEP members now and in the future. Penerbit Universiti Kebangsaan Malaysia 2017 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/11617/1/jeko_51%282%29-9.pdf Dayang Affizah Awang Marikan, and Md.Mahbubur Rahman, and Nor Afiza Abu Bakar, and Ting, Mee Sing (2017) The convergence clubs of Regional Comprehensive Economic Partnership (RCEP) countries: a wise choice? Jurnal Ekonomi Malaysia, 51 (2). pp. 119-132. ISSN 0127-1962 http://www.ukm.my/fep/jem/content/2017-2.html
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	This investigation used the non-linear approach on the income convergence issues of the Regional Comprehensive Economic Partnership (RCEP) countries to evaluate empirically the income convergence during the period 1997-2015. Alternatively, if two or more nations have shown to some degree of income convergence, it can be useful to identify the uniformity of economic performance. Because of the excessive output inequalities between members and between regions, a full aggregate convergence failed to be established yet the study further facilitates the endogenous decision of clubs convergence (sub groups). Evidence from income convergence indicates that a group of developed nations, particularly Singapore, Japan, New Zealand and Brunei comprised of the core clubs, Malaysia, China, Thailand and Indonesia, known as newly industrialized economies (NIES’s) clustered into a group. Finally, the remaining countries, converging towards each other forming another club. Seven clubs convergence implies that the RCEP members experience weak convergence between them which illustrate relatively substantial dissimilarity in its structure of the economy as a whole. Despite the dissimilarity, the speed of convergence indicates that possible catching up within the members countries, in converging towards a similar transition path of economics growth. Thus indicating further realisation of economic corporation and stronger integration among the RCEP members now and in the future.
format	Article
author	Dayang Affizah Awang Marikan, Md.Mahbubur Rahman, Nor Afiza Abu Bakar, Ting, Mee Sing
spellingShingle	Dayang Affizah Awang Marikan, Md.Mahbubur Rahman, Nor Afiza Abu Bakar, Ting, Mee Sing The convergence clubs of Regional Comprehensive Economic Partnership (RCEP) countries: a wise choice?
author_facet	Dayang Affizah Awang Marikan, Md.Mahbubur Rahman, Nor Afiza Abu Bakar, Ting, Mee Sing
author_sort	Dayang Affizah Awang Marikan,
title	The convergence clubs of Regional Comprehensive Economic Partnership (RCEP) countries: a wise choice?
title_short	The convergence clubs of Regional Comprehensive Economic Partnership (RCEP) countries: a wise choice?
title_full	The convergence clubs of Regional Comprehensive Economic Partnership (RCEP) countries: a wise choice?
title_fullStr	The convergence clubs of Regional Comprehensive Economic Partnership (RCEP) countries: a wise choice?
title_full_unstemmed	The convergence clubs of Regional Comprehensive Economic Partnership (RCEP) countries: a wise choice?
title_sort	convergence clubs of regional comprehensive economic partnership (rcep) countries: a wise choice?
publisher	Penerbit Universiti Kebangsaan Malaysia
publishDate	2017
url	http://journalarticle.ukm.my/11617/ http://journalarticle.ukm.my/11617/ http://journalarticle.ukm.my/11617/1/jeko_51%282%29-9.pdf
first_indexed	2023-09-18T20:00:45Z
last_indexed	2023-09-18T20:00:45Z
_version_	1777406832084516864

The convergence clubs of Regional Comprehensive Economic Partnership (RCEP) countries: a wise choice?

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