Conceptual and applied studies assessing the linkage between economic freedom and corruption expect that economic freedom boosts economic growth, improves income, and reduces levels of corruption. However, most of them have concentrated on developed and developing groups, while the Association...

The exponential rise in energy-related carbon emissions poses a severe risk to both human and other species on the earth. The existence of a two-way relationship between economic growth and energy-specific carbon emissions needs to be delinked to achieve a low carbon economy. The current study...

The paper aims to investigate the possible dual causality between exchange rates and stock indices of China and ASEAN using Structural Vector Auto-Regressive Model (SVAR). The paper has analysed the dynamic relationships between the Yuan and the Shanghai Composite Index and Shenzhen Stock Index...

This paper examines the nature and drivers of Vietnam's paradoxical performance in the Program for International Student Assessment (PISA) - consistently high student achievement despite being the poorest of all participating countries and a centralized education system. We first document...

As an alternative to accommodate intraregional diversity in the context where organizations aspire toward more ambitious integration goals, differentiated integration has become a feature in many regional groupings. Such a mechanism allows member states that are ready and willing to move forward...

This paper presents and reviews the role of the digital economy in the deeper Association of Southeast Asian Nations (ASEAN) economic integration, utilizing the literature review method extensively. The digital economy performs an essential role in deepening the ASEAN regional integration....

The main objective of the research is to examine the dynamic relationship between energy consumption, CO2 emissions and economic output in ASEAN for the period 1971-2015 using cointegration and causality models. The empirical results from the models suggest that there is a long-run relationship...

ASEAN countries need to consider more innovative, market-oriented approaches to accelerate energy efficiency improvement, and well-designed voluntary agreements will play a critical role in raising the awareness of companies and engaging them with the materialization of multiple energy...

Purpose: The goal of this study is to investigate the empirical effect between competitiveness and FDI inflow in ASEAN member countries over the period 2007-2017. Design/methodology/approach: The effect of competitiveness and foreign direct investment (FDI) was investigated by using Pearson...

This study examines the feasibility of international monetary policy coordination among the ASEAN-5 + 3 countries using the two-production-factor dynamic stochastic general equilibrium (DGSE) model. It explores three types of interaction regimes among these countries: "no coordination,"...

The EU has evolved from a grouping of six Western European countries with stated economic objectives to a large regional organization of now 27 European countries pursuing a wide range of political, economic, social, environmental, and security objectives, while the majority of the other...

This paper provides evidence on the likelihood of formal finance usage among innovative small and medium enterprises (SMEs) operating in ASEAN countries. To this end, the SMEs are classified into four categories, namely non-innovators and product, process, and product-and-process innovator SMEs....

The exponential rise in energy-related carbon emissions poses a severe risk to both human and other species on the earth. The existence of a two-way relationship between economic growth and energy-specific carbon emissions needs to be delinked to achieve a low carbon economy. The current study...

Since the Asian financial crisis of 1997‒1998, the Association of Southeast Asian Nations (ASEAN) has continuously worked on the context of financial integration and put tremendous effort into ensuring financial stability in the region. Two ASEAN Economic Community (AEC) blueprints have been...

The purpose of this paper is to assess the importance of geographical location in the banking sector efficiency of the Sino-ASEAN (Association of Southeast Asian Nations) region, and how the location was affected before, during and after the financial crisis. Using a panel of data from 407 banks...

One of the primary objectives of the ASEAN Economic Community (AEC), established in 2015, was to boost skilled labor mobility within the region. This insightful book takes stock of the existing trends and patterns of skilled labor migration in the ASEAN. It endeavors to identify the likely...

While most of the advanced economies are facing saturated markets, the Association of Southeast Asian Nations (ASEAN) has been touted a stable and attractive investment region averaging 5.4% growth since 1980. In 2013, ASEAN overtook China as the top foreign direct investment destination....

Employing a panel gravity model and Generalized Least Squares (GLS) estimation technique, this study documents the effect of double taxation treaties on the bilateral trade of Vietnam with ASEAN member states, thereby making an extensive comparison with its EU partner countries. Our findings...

The electrification of road transport in the ASEAN appears to decrease the level of final energy consumption in the road transport sector in 2040. The level of primary energy consumption, however, may not decrease unless countries adopt aggressive policies toward the integration of renewable...

Historically, the Indonesian Rupiah (IDR) has fluctuated throughout the years, and its fluctuations have been very much interrelated with other forex markets. Since the IDR fluctuations impact national economic growth, investigating the movements of forex markets with respect to the IDR provides...

The prime objective of the current study is to explore the nexus among financial development, market freedom, political stability, economic growth and CO2 emissions in ASEAN countries. The present study has attempted to examine the asymmetric association among financial development, CO2...

ASEAN countries share the common challenge of energy security, which consists of meeting rising demand for energy in a secure, affordable and sustainable manner. This paper extends the gravity model to estimate the effects of economic integration, renewable energy supply and energy efficiency on...

As a single market and production base, the ASEAN Economic Community (AEC) enabled ASEAN Member States (AMS) to take advantage of the free flow of goods, services, funds, and labor. The free movement of labor, particularly skilled, to economies with lucrative opportunities allows them to realize...

This paper examines stock market integration between the ASEAN five and the US and China, respectively, over the period from November 2002 to March 2018. The linkages between both aggregate and financial sector stock indices (both weekly and monthly) are analysed using fractional integration and...

There is general agreement at present that the Southern African Development Community needs to re-imagine itself and breathe new life into its somewhat moribund structure. The European Union is often presented as the textbook example to be followed by other regional associations - a rules-based,...