The External Sector Vulnerability Monitoring Index (Λ): The Case of Chinese and ASEAN-5 Economies

Contemporary Economics, Vol. 12, No. 3, pp. 301-314, 2018

14 Pages Posted: 23 Mar 2019

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

University of Malaya (UM) - Faculty of Economics & Administration (FEA)

Diwa Samad

affiliation not provided to SSRN

Ho Yew Joe

Independent

Date Written: September 30, 2018

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

Keywords: Trade liberalization, Openness, International Trade, ASEAN, China

JEL Classification: F15, F41

Suggested Citation

Ruiz Estrada, Mario Arturo and Samad, Diwa and Joe, Ho Yew, The External Sector Vulnerability Monitoring Index (Λ): The Case of Chinese and ASEAN-5 Economies (September 30, 2018). Contemporary Economics, Vol. 12, No. 3, pp. 301-314, 2018. Available at SSRN: https://ssrn.com/abstract=3345058

Mario Arturo Ruiz Estrada (Contact Author)

University of Malaya (UM) - Faculty of Economics & Administration (FEA) ( email )

Kuala Lumpur, 50603
Malaysia
+60126850293 (Phone)

HOME PAGE: http://ssrc.um.edu.my/

Diwa Samad

affiliation not provided to SSRN

Ho Yew Joe

Independent ( email )

No Address Available

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