In this study, we present a comprehensive analysis to examine the resilience of tourism in Vietnam since the Doi Moi period. Using an augmented Solow framework, data from 1986 to 2020, and the ARDL approach, we estimate the long-run and short-run effects, whilst accounting for model-specific...

This Perspective argues that the ASEAN-led RCEP agreement and the ASEAN Outlook on the Indo-Pacific have created significant momentum for ASEAN to further reinforce its central role in advancing Asia-Pacific economic integration.

Driven by both political camps in Seoul, relations between South Korea and the North Atlantic Treaty Organization (NATO) have deepened significantly since their initiation in 2005. While this intensified relationship was shaped to a large extent by geopolitical developments and increasing...

This paper draws a concise overview of the economic relationship between the European Union (EU) and selected Asian regions in the context of the twin transition - green and digital. A series of significant initiatives adopted in recent years to consolidate the cooperation with these regions are...

This report investigates the fragmentation of foreign direct investment (FDI) in India and ASEAN in the context of evolving geopolitical dynamics and global economic shifts. By delineating four distinct phases of globalization, the analysis reveals how systemic shocks and geopolitical tensions...

Amid the evolving U.S.-China tariff realignment and the broader restructuring of global value chains, this paper evaluates the vulnerability and strategic positioning of the Philippines alongside four other ASEAN economies-Indonesia, Malaysia, Thailand, and Vietnam. For the ASEAN-5, the key...

This paper focuses on analyzing the impact of the shadow economy on economic growth in ASEAN countries. In particular, the authors examine the role of institutional quality in the effects of the shadow economy on economic growth, which means that this study is different from previous studies....

On the rising interest in the sustainability and stability of commercial banks in ASEAN, we set out to examine the impacts of Environmental, Social, and Governance (ESG) activities on bank stability in this region. We build models based on signal theory, stakeholder theory, and overinvestment...

This research used the Bayesian method and Gibbs sampling algorithm on an unbalanced database and examined the impacts of the liquidity creation (LC) on the financial stability (FS) of the banks in Southeast Asian countries from 2007 to 2021. With both 'Cat Fat' and 'Cat Nonfat' method, the...

The Association of Southeast Asian Nations is considered as one of the successful regional cooperations and has played a remarkable role in regional, and potentially global, order through its principles of consensus, non-interference, and peaceful resolution of conflicts, providing platform for...

The integration of the concept of environment, social, and governance (ESG) into trade and investment to contribute to the Sustainable Development Goals (SDGs) is becoming a new consensus. ESG considerations are becoming crucial in national and regional policies for sustainable development...

Purpose - A study of Association of Southeast Asian Nations (ASEAN) member states' (AMS) norm entrepreneurial practices regarding the energy transition to reveal insights into its current and future governance. Design/methodology/approach - Understanding why the notion of an energy transition...

Purpose - The paper systematically examines the capacity building needs of energy and climate stakeholders in the Association of Southeast Asian Nations (ASEAN). It looks at conditions and opportunities for improvements in institutional, organisational, technological, innovation and financing...

Geoeconomic fragmentation is on the rise amidst heightened geopolitical tensions and a surge in inward-looking policies to strengthen economic and national security. Focusing on trade and capital flows, this paper takes a closer look at the implications of geoeconomic fragmentation for the...

Aim: The study examined the behavior of exchange rate in ASEAN countries. This was highly necessitated in order to account for the structural break in the data set occasioned by global financial crisis. Research method: The quantile regression sensitivity analysis was performed on daily series...

Previous research on the globalization-welfare state nexus has typically been conducted within a linear monotonic framework, focusing on two primary hypotheses. The efficiency hypothesis predicts that globalization shrinks the welfare state's size. In contrast, the compensation hypothesis argues...

The COVID-19 epidemic has highlighted the vulnerability of international trade, forcing an increase in domestic supply reserves in Indonesia and other ASEAN countries. This transition underlines the need of sustainable practices in addressing the changing expectations of organizations and...

The main objective of this study is to investigate the short- and long-term effects of Foreign Direct Investment (FDI) on CO2 in some ASEAN countries having high levels of FDI, including Singapore, Indonesia, Malaysia, and Vietnam. This study applied Autoregressive Distributed Lag (ARDL)...

Achieving net zero carbon emissions necessitates a systemic reorganization of global value chains, particularly in the ASEAN region, due to its growing role as a manufacturing hub. This study explores the interaction between global value chains (GVCs), globalization and sustainable development...