Regional Economic Improvement Model through Integration of West Sumateran Rubber Market with ASEAN Regional Market

Autor: Zusmelia Zusmelia, Lovely Dwinda Dahen, Yola Malinda, Ansofino Ansofino
Rok vydání: 2019
Předmět:
Zdroj: Proceedings of the Social and Humaniora Research Symposium (SoRes 2018).
Popis: This paper examines the interrelationship between the success of regional economic development with its external regions by requiring to create market integration of the main commodities production. The occurrence of market integration is one of the necessities for the creation of economic agglomerations in the development area. The research approach method used is a regional economic analysis approach. Trade integration is measured using the Grubel Lloyd Index. Research results show that the rubber economy market in West Sumatra has been cointegrated with the economic corridors of Sumatra and ASEAN countries. The market integration of the rubber economy has been captured with the Grubel-Lloyd index which successfully explains the interrelationships between rubber exports and imports with ASEAN countries all this time.
Databáze: OpenAIRE