INTERNATIONAL JOURNAL OF ECONOMICS AND MANAGEMENT REVIEW
Vol 2 No 1 (2024): Current issue 4

Convergence and Divergence in Asian Countries Through Machine Learning Algorithms

Burhan Marwanto (Universitas Sarjanawiyata Tamansiswa)
Ibnu Yanuar Iswantoro (Unknown)
Naima Andleeb (University of Lahore, Pakistan)



Article Info

Publish Date
31 Jan 2024

Abstract

Abstract Objective of this paper is to empirically examine the convergence of operating economies between five selected Asian countries (ie Thailand, Singapore, Malaysia, Philippines and Indonesia). In particular, it seeks to investigate how increased economic integration impacts levels of income between countries among the five founding members of ASEAN. The new Machine Learning (ML) approach was implemented alongside panel data analysis (GMM), and implementation of the KOF Globalization Index. Results The Generalized Method of Moments (GMM) highlights that the theory of endogenous growth appears to be supported for selected Asian countries, which shows evidence of differing strengths due to unequal growth and polarization dynamics. Addressing the technical issues raised by the econometrics approach, the new ML algorithm provides contrasting but interesting results. Using the KOF Globalization Index, the authors confirm how the last phase of globalization governed the conditions for economic convergence among sample members. Using the KOF Globalization Index, the authors confirm how the last phase of globalization set the conditions for economic convergence among sample members. In fact, the new LSTM algorithm has provided consistent evidence supporting the existence of convergent forces. in fact, the results highlight the effectiveness of our chosen experiment and algorithm. High predictability of the author's model and no self-alignment in values ​​shows convergence between economies.

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Journal Info

Abbrev

ijemr

Publisher

Subject

Humanities Economics, Econometrics & Finance Social Sciences

Description

The main subjects for economics cover national macroeconomic issues, international economic issues, interactions of national and regional economies, microeconomics and macroeconomics policies. The journal also considers thought-leading substantive research in the finance discipline. The main ...