Jurnal Ekonomi Pembangunan
Vol. 19 No. 01 (2021): JURNAL EKONOMI PEMBANGUNAN

Testing Of Economic Convergence In The Middle Of The Covid-19 Pandemic

samsul arifin (Untirta)
Sayifullah Sayifullah (Economics Development, Sultan Ageng Tirtayasa University, Indonesia)



Article Info

Publish Date
30 Jun 2021

Abstract

This study aims to see whether the process of export and import convergence occurs with the control variable of the size of the country's economy affected by the COVID-19 pandemic as measured by GDP and spatial interactions. The method of analysis in this study uses the Spatial Dynamic Panel. The research objects are 64 countries affected by the COVID-19 pandemic—data taken in the period 2019q4-2020q3. The results show that GDP and spatial elements influence the process of export and import convergence. The speed of convergence and the length of time to reach a steady-state, imports are better than exports reaching 28-38% with about one semester and reaching 15-16% with a duration of 1 year (export model). Exports and imports during the COVID-19 pandemic reflect interactions between countries, with distance as a determining factor. However, the role of interaction between countries tends to be insignificant in the long run.

Copyrights © 2021






Journal Info

Abbrev

jep

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal ekonomi pembangunan published by Pusat Pengkajian Ekonomi dan Kebijakan Publik (PPEKP), Faculty of Economics and Business, University of Muhammadiyah Malang. This journal is used as a source of information about scientific works in the field of development economics for every academician, ...