Dampak Perkembangan China Terhadap Perekonomian Negara-negara ASEAN

Abstract

China\u27s growth has been altered global economy. China has major impact notonly to Asian countries but also to global economy. In the ASEAN summit meetingin Cebu Philippines 2007, ASEAN leaders agreed to realize ASEAN EconomicCommunity (AEC) faster (in 2015) to anticipate competition with China andIndia.This research has the objectives to explore the impact of China expansion toASEAN economy. To achieve the objective, Structural VAR analysis and SpearmanRank Correlation for Revealed Comparative Advantage are employed.The output shows that China growth can have positive effect because there aresymmetric shocks beetween China and some ASEAN countries (except for Cambodia,Laos, and Myanmar) high degree of complementarity in export between Chinaand some ASEAN countries (except Cambodia and Vietnam).Policy implicationare ASEAN must increase the degree of complementarity with China economy andalso the degree of shocks correlation in order to get positive impact from Chinagrowth . The way are to increase ASEAN+3 cooperation, inreasing trade intensityand also production sharing between ASEAN and China.Keywords : China Economy Effect, Revealed Comparative Advantage, ShocksCorrelation, China and ASEA