Study of Response Analysis of Youth Unemployment Rate in Economy Globalization In Asean
Abstract
Unemployment is a variable of concern to many countries. The unemployment rate has a negative nature on economic growth in a country. So that various policies were formed in an effort to minimize the increase in the number of unemployed. This study focuses on the Youth Unemployment Response to economic globalization in ASEAN by using secondary time series data from 2010 to 2019.
In this study, it was found that the economic globalization aspect gave rise to several different responses to Youth Unemployment in ASEAN. Changes in trade globalization for the period one to ten gave rise to a positive response, while in the aspect of financial globalization it was responded negatively by the youth unemployment rate. In the aspect of youth unemployment responsiveness, the variables of financial and trade globalization have contributed greatly to the increase in the number of youth unemployed in ASEAN. This can be a recommendation for the government, especially Indonesia, in boosting young unemployed people to stay in a safe position. But on the other hand, it does not rule out the flow of economy globalization.Keywords
Full Text:
PDFReferences
Alfaro, L., & Charlton, A. (2006). International Financial Integration and Entrepreneurship. Working Paper 07-012.
Alfonsi, L., Bandiera, O., Bassi, V., Burgess, R., Rasul, I., Sulaiman, M., & Vitali, A. (2020). Tackling Youth Unemployment: Evidence From a Labor Market Experiment in Uganda. Econometrica, 88(6), 2369–2414. https://doi.org/10.3982/ECTA15959
Ariefianto, Moch. Doddy. (2012). Ekonometrika Esensi dan Aplikasi Dengan Menggunakan EViews. Jakarta: Erlangga.
Awad, A., & Youssof, I. (2016). The impact of economic globalisation on unemployment: The Malaysian experience. The Journal of International Trade & Economic Development, 25(7), 938–958. https://doi.org/10.1080/09638199.2016.1151069
Baltagi, B.H. (2005). Econometric Analysis of Panel Data. 3rd Edition, John Wiley & Sons Inc., New York.
Bayrak, R., & Tatli, H. (2018). The Determinants of Youth Unemployment: A Panel Data Analysis of OECD Countries. The European Journal of Comparative Economics, 15(2), 231–248.
Chinn, M. D., & Ito, H. (2008). A New Measure of Financial Openness. Journal of Comparative Policy Analysis: Research and Practice, 10(3), 309–322. https://doi.org/10.1080/13876980802231123
Condratov, I. (2014). Determinants of Youth Unemployment: A Survey of the Literature. Ecoforum, 3(2), 124–128
Duisekova, S., Turgambayeva, A., Turgambayeva, A., Zhanaliyeva, M.,
Sarsenbayeva, G., & Mustafin, A. (2020). Youth Unemployment as a Factor Affecting the Health. Iranian Journal of Public Health, 49(6), 1195–1197. https://doi.org/10.18502/ijph.v49i6.3380
Dutt, P., Mitra, D., & Ranjan, P. (2009). International trade and unemployment: Theory and cross-national evidence. Journal of International Economics, 78(1), 32–44. https://doi.org/10.1016/j.jinteco.2009.02.005
Ebaidalla, Ebaidalla Mahjoub. (2015). Do ICTs Reduce Youth Unemployment In Mena Countries?. Working Paper 964
Freund, C., & Rijkers, B. (2014). Episodes of unemployment reduction in rich, middle-income and transition economies. Journal of Comparative Economics, 42(4), 907–923. https://doi.org/10.1016/j.jce.2014.04.009
Georgantopoulos, A. G., & Tsamis, A. D. (2011). The Impact of Globalization on Income Distribution: The Case of Hungary. Research Journal of Internatıonal Studıes, 3(21), 17–25.
Gozgor, G. (2017). The Impact of Globalization on the Structural Unemployment: An Empirical Reappraisal. International Economic Journal, 31(4), 471–489. https://doi.org/10.1080/10168737.2017.1408666
Gujarati, D.N., (2012). Dasar-dasar Ekonometrika, Buku 2. Jakarta: Salemba Empat
Hasan, Z., & Sasana, H. (2020). Determinants of Youth Unemployment Rate in ASEAN. International Journal of Scientific & Technology Research, 9(3), 6687–6691.
Hendra, H. (2005). Ekonomi Internasional dan Globalisasi Ekonomi. Bogor: Ghalia Indonesia.
Hodrab, Rami, Maitah, Mansoor, & Luboš, Smutka. (2016). The Effect of Information and Communication Technology on Economic Growth: Arab World Case. International Journal of Economics and Financial Issues, 6(2), 765-775
Inklaar, R., O‘Mahony, M., & Timmer, M. P. (2005). ICT and Europe‘s Productivity Performance: Industry-level Growth Account Comparisons with the United States. Review of Income and Wealth, 51, 505–536.
Irphan, H. M., Saad, R. M., Nor, A. H. S. M., Noor, A. H. M., & Ibrahim, N. (2016). Impact of Foreign Direct Investment on the Unemployment Rate in Malaysia. Journal of Physics: Conference Series, 1–10. https://doi.org/10.1088/1742-6596/710/1/012028
Levin, A., Lin, C.-F., & James Chu, C.-S. (2002). Unit root tests in panel data: asymptotic and finite-sample properties. Journal of Econometrics, 108(1), 1–24. doi:10.1016/s0304-4076(01)00098-7
Kılıçarslan, Z., & Dumrul, Y. (2018). The Impact of Globalization on Economic Growth: Empirical Evidence from the Turkey. International Journal of Economics and Financial Issues, 8(5), 115–123.
Koutroumpis, P. (2009). The economic impact of broadband on growth: A simultaneous approach. Telecommunications Policy, 33(9), 471–485.
Maqbool, M. S., Mahmood, T., Sattar, A., & Bhalli, M. N. (2013). Determinants Of Unemployment Empirical Evidences from Pakistan. Pakistan Economic and Social Review, 51(2), 17.
Msigwa, R., & Kipesha, E. F. (2013). Determinants of Youth unemployment in Developing Countries: Evidences from Tanzania. Journal of Economics and Sustainable Development, 4(14), 67–76.
Mucuk, M., & Demirsel, M. T. (2013). The Effect Of Foreign Direct Investments On Unemployment: Evidence From Panel Data For Seven Developing Countries. Journal of Business, Economics & Finance, 2(3), 53–66.
Nienaber, B., Manafi, I., Vysotskaya, V., Roman, M., & Marinescu, D. (2020). Challenging Youth Unemployment Through International Mobility. Journal of Social and Economic Statistics, 9(1), 5–27. https://doi.org/10.2478/jses-2020-0002
Orji, Anthony, Nwosu, Emmanuel O, & Peter. (2016). ICT Usage and Unemployment Rate Nexus in Nigeria: An Empirical Analysis, Journal of Internet Banking and Commerce, 21(2), 1-13
O’Higgins, N. (2015). Youth Unemployment. IZA Policy Paper, 103, 1–25.
Palát, M. (2011). The impact of foreign direct investment on unemployment in Japan. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 14(27), 261–266. https://doi.org/10.11118/actaun201159070261
Rabiu, M., Saidu, M. K., Muktari, Y., & Nafisa, M. (2019). Impact of Populatio Growth on Unemployment in Nigeria: Dynamic OLS Approach. Journal of Economics and Sustainable Development, 10(22), 79–89.
Roller, Lars-Hendrik, & Waverman, Leonard. (2001). Telecommunications Infrastructure and Economic Development: A Simultaneous Approach. American Economic Review, 91(4), 909-923
Sari, S. G. (2020). Determinan Penangguran Usia Muda di Wilayah Perkotaan Tahun 2016-2019. Journal of Economics and Business Aseanomics, 5(2), 134–143.
Siddiqa, A., Hussain, T., Qasim, M., & Javed, M. I. (2018). The Impact of Globalization on Unemployment and Economic Growth: Panel Data Analysis for Developing Countries. Bulletin of Business and Economics, 7(3), 122–131.
Soomro, Riaz. H., Nasar-ul-eman, S. M., & Aziz, F. (2012). Impact Of Economic Globalization On Unemployment: Global And National Perspective. Interdisciplinary Journal Of Contemporary Research In Business, 3(12), 605–616.
Soylu, Ö. B., Çakmak, İ., & Okur, F. (2018). Economic growth and unemployment issue: Panel data analysis in Eastern European Countries. Journal of International Studies, 11(1), 93–107.
Soylu, Ö. B., Çakmak, İ., & Okur, F. (2018). Economic growth and unemployment issue: Panel data analysis in Eastern European Countries. Journal of International Studies, 11(1), 93–107. https://doi.org/10.14254/2071-8330.2018/11-1/7
Suci, S. C., Asmara, A., & Mulatsih, S. (2015). The Impact of Globalization on Economic Growth in ASEAN. International Journal of Administrative Science & Organization, 22(2), 79–87. https://doi.org/10.20476/jbb.v22i2.5696
Valiente, O., Capsada-Munsech, Q., & G de Otero, J. P. (2020). Educationalisation of Youth Unemployment Through Lifelong Learning Policies in Europe. European Educational Research Journal, 19(6), 525–543. https://doi.org/10.1177/1474904120908751
Verter, N., & Osakwe, C. N. (2015). Economic Globalization and Economic Performance Dynamics: Some New Empirical Evidence from Nigeria. Mediterranean Journal of Social Sciences, 6(1), 87–96. https://doi.org/10.5901/mjss.2015.v6n1p87
Wardhana, A., Kharisma, B., & Ibrahim, Y. F. (2019). Pengangguran Usia Muda di Jawa Barat (Menggunakan Data Sakernas). E-Jurnal Ekonomi Dan Bisnis Universitas Udayana, 8(9), 1049–1062.
Widiyastuti, Inasari. (2015). Analisis Runtun Waktu dalam Pengujian Pengaruh TIK terhadap Penurunan Laju Kemiskinan di Indonesia. IPTEK-KOM, 17(1), 19-30
DOI: https://doi.org/10.21107/mediatrend.v17i2.16864
Copyright (c) 2022 Media Trend