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

DOI

10.2991/sores-18.2019.108How to use a DOI?

Keywords

market integration; rubber market; intra industry trade of rubber

Abstract

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.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ansofino Ansofino
AU  - Zusmelia Zusmelia
AU  - Yola Malinda
AU  - Lovely Dwinda Dahen
PY  - 2019/03
DA  - 2019/03
TI  - Regional Economic Improvement Model through Integration of West Sumateran Rubber Market with ASEAN Regional Market
BT  - Proceedings of the Social and Humaniora Research Symposium (SoRes 2018)
PB  - Atlantis Press
SP  - 469
EP  - 474
SN  - 2352-5398
UR  - https://doi.org/10.2991/sores-18.2019.108
DO  - 10.2991/sores-18.2019.108
ID  - Ansofino2019/03
ER  -