The convergence clubs of Regional Comprehensive Economic Partnership (RCEP) countries: a wise choice?
The convergence clubs of Regional Comprehensive Economic Partnership (RCEP) countries: a wise choice?
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区域全面经济伙伴关系（RCEP）国家融合俱乐部：明智的选择？
DOI：
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发表时间：
2017
期刊：
影响因子：
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通讯作者：
Mee Sing Ting
中科院分区：
文献类型：
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作者：
A. M. D. Affizah;R. Mahbubur;A. B. N. Afiza;Mee Sing Ting
本研究采用非线性方法研究区域综合的收入趋同问题
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.