The external sector vulnerability monitoring index (Λ): The case of Chinese and Asean-5 economies

Ruiz Estrada, Mario Arturo and Samad, Diwa and Ho, Yew Joe (2018) The external sector vulnerability monitoring index (Λ): The case of Chinese and Asean-5 economies. Contemporary Economics, 12 (3). pp. 301-314. ISSN 2084-0845

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Official URL: http://www.ce.vizja.pl/en/issues/volume/12/issue/3

Abstract

This paper introduces an alternative indicator to evaluate the external sector behavior of a country or region. The objective of this indicator, titled “The External Sector Vulnerability Monitoring Index” (henceforth ESVM) (λ), is to offer policy-makers and researchers a new analytical tool to study the external sector trends and stages of any country from a global perspective. The ESVM-index (λ) is not intended to be a forecasting model. It is focused on showing the past and present economic situation in any country’s external sector performance. It can provide a general idea of the situation and evolution of the foreign sector performance of any country. Therefore, the application of the ESVM-index (λ) is based on the characteristics, conditions and historical moments that any country presents in its external sector development. ESVM-index (λ) acts as a simulator that allows the application of a series of different scenarios and phases of external sector performance of any country. In our case, we apply the external sector vulnerability monitoring index (λ) on the Chinese and ASEAN-5 economies.

Item Type: Article
Uncontrolled Keywords: Trade liberalization; Openness; International Trade; ASEAN; China
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Economics & Administration
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 27 Aug 2019 08:07
Last Modified: 27 Aug 2019 08:07
URI: http://eprints.um.edu.my/id/eprint/22107

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