Hasil Pencarian  ::  Simpan CSV :: Kembali

"ABSTRAKMasyarakat Ekonomi ASEAN (MEA) industri perbankan pada tahun 2020 mendatang akan menuntut bank-bank untuk bisa melakukan efisiensi agar bisa bersaing dalam pasar perbankan. Oleh karena itu penelitian ini bertujuan untuk mengidentifikasi jenishipotesis industri organisasi yang berlaku untuk melihat kesiapan MEA pada pasarperbankan ASEAN dengan menggunakan 52 sampel bank terbesar dari masing-masingbank di ASEAN. Untuk mengukur x-efficiency dan scale efficiency digunakan metodenonparametrik Data Envelopment Analysis (DEA), kemudian untuk mengukurkonsentrasi digunakan indeks Lerner, setelah itu penentuan hipotesis dilakukan denganregresi panel. Hasil penelitian menunjukkan hipotesis structure conduct performance(SCP) berlaku pada bank-bank besar negara Indonesia, Thailand, dan Singapura.Sementara itu hipotesis relative market power (RMP) berlaku pada bank-bank besarnegara Indonesia dan Filipina. Namun hipotesis efisiensi versi relative efficiencystructure (RES) maupun scale efficiency structure (SES) dan hipotesis quiet life (QL)sama sekali tidak berlaku pada bank-bank negara ASEAN

---

ABSTRACTASEAN Economic Community (AEC) of the banking industry in 2020 will requirebanks to be able to improve efficiency because the competition in banking market willbe going more intense. Therefore, this study aims to identify the type of hyphotesis ofindustrial organization which exist in in ASEAN banks to investigate their readiness infacing AEC. This research uses 52 samples of the largest banks of each country inASEAN. To measure x-efficiency and scale efficiency, this research uses DataEnvelopment Analysis (DEA). Meanwhile the concentration is measured by Lerner index. Then, the hypothesis is tested by using panel regression. The results showed thatstructure conduct performance (SCP) hypothesis occurred in banking industry ofIndonesia, Thailand, and Singapore. Meanwhile relative market power (RMP)hypotheses occurred in banking industry of Indonesia and the Philippines. However,the efficiency structure in version relative efficiency structure (RES), scale efficiencystructure (SES), and the quiet life hypothesis (QL) did not occur in all ASEAN banks."

"ABSTRAKPenelitian ini bertujuan untuk mengetahui dampak kegiatan nontradisionalyang dilakukan perbankan yaitu diversifikasi pendapatan danaset serta struktur pasar terhadap respon pasar saham dan risiko padaperbankan di negara Indonesia dan Thailand. Penelitian ini menggunakanmetode panel dengan data tahunan selama 5 tahun setelah krisis 2009(2010 ? 2014). Penelitian ini menemukan bahwa di negara ? negaraberkembang seperti Indonesia dan Thailand, masih ditemukan manfaatdari kegiatan diversifikasi yaitu nilai market to book yang tinggi namunhanya sampai titik tertentu, setelah itu maka hubungan diversifikasidengan kinerja menjadi berlawanan. Penelitian ini juga menemukan bahwadampak diversifikasi aset lebih signifikan mempengaruhi kinerjadibandingkan dengan diversifikasi pendapatan. Selanjutnya ditemukanjuga bahwa struktur pasar yang terkosentrasi pada kedua negaramendapatkan respon pasar yang baik, dalam bentuk peningkatan harga.

---

ABSTRACTThis study aims to examine the impact of non-traditional banking activitiessuch as diversification of income and assets, and the market structure onstock market response and performance in Indonesia and Thailand. Thisstudy uses panel data methodology using annual data for 5 years periodafter the crisis of 2009 (2010-2014). The results of the study show thatdeveloping countries are benefiting from diversification, since theyachieve higher market-to-book value but only up a to certain point, beyondthat point the relation between diversification and performance turns out tobe contrary. This study also find that asset diversification has significantimpact on performance."

"Penelitian ini bertujuan untuk mengetahui pengaruh struktur pasar terhadap profitabilitas dan stabilitas bank di ASEAN-5 dengan menggunakan sampel 86 bank yang terdaftar di bursa efek negara ASEAN-5 pada tahun 2014-2020 dan diolah dengan regresi two-step system Generalized Method of Moment (GMM). Penelitian ini menyelidiki relevansi hipotesis structure-conduct-performance (SCP), efficient-structure (ES), dan quiet life (QLH) dalam kasus perbankan ASEAN-5 dan hasil empiris menemukan hanya efisiensi biaya bank yang mempengaruhi profitabilitas bank sehingga mendukung hipotesis efficient-structure. Selain itu, variabel kontrol ditemukan signifikan dalam mempengaruhi profitabilitas bank. Lebih lanjut, penelitian ini juga menguji relevansi hipotesis concentration-stability dan concentration-fragility dalam kasus perbankan ASEAN-5 namun hasil empiris menunjukkan variabel konsentrasi ditemukan tidak signifikan dalam mempengaruhi stabilitas bank.

---

This study aims to determine the effect of market structure on profitability and stability banks in ASEAN-5 using the sample of 86 banks listed on the ASEAN-5 countries’ stock exchange in 2014-2020 and processed with two-step system Generalized Method of Moment (GMM). This study investigates the relevance of the structure-conduct-performance (SCP), efficiency- structure (ES), and quiet life (QLH) hypotheses in the case of ASEAN-5 banking and the empirical results found only bank cost efficiency affects bank profitability thus support the efficient-structure hypothesis. In addition, the control variable was found to be significant in influencing bank profitability. Furthermore, this study also examines the relevance of concentration-stability and concentration-fragility hypothesis in the case of ASEAN-5 banking. The empirical results show concentration variable did not affect bank stability."

"Sejak 31 Desember 2015, Masyarakat Ekonomi ASEAN (MEA) telah secara formal didirikan. Melalui MEA, negara anggota ASEAN berkomitmen untuk menjadikan ASEAN sebagai pasar tunggal dan basis produksi yang berlandaskan aturan hukum. Sebagai integrasi ekonomi regional, MEA didirikan dengan dukungan dari berbagai instrumen hukum yang telah disepakati oleh para negara anggota, khususnya ATIGA, AFAS dan ACIA. Mengingat keanggotaan negara anggota ASEAN dalam WTO, mereka juga memiliki komitmen pada sistem perdagangan multilateral WTO untuk memastikan relevansi dan kompatibilitas instrumen-instrumen hukum tersebut dengan aturan dalam WTO. Satu-satunya instrumen hukum pendukung MEA yang telah dinotifikasi kepada WTO adalah ATIGA, berdasarkan Enabling Clause. Penelitian ini meragukan relevansi dari notifikasi ATIGA berdasarkan Enabling Clause sekarang ini, karena terdapat beberapa negara anggota ASEAN yang tidak lagi dapat dikategorikan sebagai negara berkembang. Berdasarkan analisis kompatibilitas, aturan dalam ATIGA dan AFAS cukup sesuai dengan aturan dalam Pasal XXIV GATT 1994 dan Pasal V GATS. Untuk itu penelitian ini mendesak ASEAN untuk menggunakan kewenangannya untuk mengajukan notifikasi kepada WTO atas ATIGA berdasarkan Pasal XXIV GATT 1994, dan atas AFAS berdasarkan Pasal V GATS. Diharapkan dengan diajukannya notifikasi tersebut, negara anggota ASEAN dapat mengambil manfaat dari MEA tanpa mengesampingkan komitmennya pada WTO, dan MEA dapat terealisasikan sebagai pelengkap dalam pencapaian tujuan sistem perdagangan multilateral WTO. Selain itu penelitian ini merekomendasikan ASEAN untuk menjadikan pendekatan yang berlandaskan aturan hukum sebagai karakteristik utama ASEAN dalam merealisasikan MEA. Bila ASEAN terus bergantung pada keinginan politik dari setiap negara anggota atau organ institusional, maka ASEAN akan kehilangan kredibilitasnya sebagai organisasi yang berlandaskan aturan hukum.

---

Since 31 December 2015, the ASEAN Economic Community (AEC) has been formally established. Through AEC, the ASEAN member states (AMS) are committed to turn ASEAN into a rules-based single market and production base. As a regional economic integration, AEC is based on legal instruments agreed by the AMS, especially ATIGA, AFAS and ACIA. Considering the position of the AMS as members of the WTO, they are also committed to the multilateral trading system of the WTO to ensure the relevance and compatibility of those legal instruments with the WTO rules. The only legal instrument related to the AEC that has been notified to the WTO is ATIGA, based on the Enabling Clause. The research argues that the relevance of the notification for ATIGA based on the Enabling Clause is questionable, due to the fact that some ASEAN member states no longer fall within the category of developing countries. Based on a compatibility analysis, the provisions in the ATIGA and AFAS are quite compatible with the Article XXIV of the GATT 1994 and Article V of the GATS. With that being said, this research urges ASEAN to utilise its authority to submit notifications to the WTO for ATIGA based on Article XXIV of the GATT 1994, and for AFAS based on Article V of the GATS. The research believes that the submission of the notifications will allow the AMS to gain benefits from the AEC without undermining their commitment to the WTO, and that the AEC will be realised as a complement in achieving the objectives of the multilateral trading system of the WTO. Moreover, ASEAN is recommended to consider the rules-based approach as a primary feature of engagement within ASEAN. If ASEAN keeps relying on the political will of its member states or institutional organs, ASEAN will lose the credibility as a rules-based organisation."

"Penelitian ini meneliti mengenai variabel yang terdapat dalam kerangka teori SCP (Structure, Conduct, and Performance) di dalam industri perbankan. Yang dimaksud dengan variabel structure (struktur) adalah struktur persaingan pasar, variabel conduct (perilaku) adalah variabel perubahan tingkat suku bunga tabungan, sedangkan variabel performanace (kinerja) adalah jumlah tabungan pada Bank Rakyat Indonesia. Penelitian ini menggunakan metode regresi linier berganda jenis time series. Dalam penelitian ini hanya variabel perubahan tingkat suku bunga tabungan yang berpengaruh signifikan terhadap jumlah tabungan, sedangkan untuk variabel struktur persaingan pasar tidak berpengaruh secara signifikan terhadap jumlah tabungan pada Bank Rakyat Indonesia.

---

This study examines the variables defined within the framework of SCP (Structure, Conduct, and Performance) theory in the industrial of banking. The structure variable is the structure of market competition, the conduct (behavior) variable is level of interest rates changes, while those referres into performance variable (performance) is the total saving in Bank Rakyat Indonesia. This study uses multiple linear regression method, time series type. In this study only the changes of interest rate variable significantly influenced the amount of saving, whereas for structure of market competition variable did not significantly influence the total saving in Bank Rakyat Indonesia."

"Tujuan penelitian ini mengestimasi struktur pasar perbankan Indonesia serta menganalisis pengaruh kepemilikan asing terhadap tingkat persaingan di sektor perbankan Indonesia. Penelitian ini mengaplikasikan metode Panzar-Rosse (1977, 1987) menggunakan data panel dari 109 bank umum pada periode 2009-2011. Hasil estimasi menunjukkan bahwa: 1) struktur pasar industri perbankan Indonesia adalah persaingan monopolistik; 2) persaingan di kelompok bank asing lebih tinggi dibandingkan di kelompok bank nasional.

---

The objective of this study is to estimate the market structure of Indonesian banking industry and to analyze the effect of foreign ownership on the level of competition in Indonesian banking sector. This study applies Panzar-Rosse method (1977, 1987) using panel data for 109 commercial banks in Indonesia during the period from 2009 to 2011. The results show: 1) the market structure of Indonesian banking industry is monopolistic competition; 2) the level of competition in the foreign banks is higher than in the national banks."

"[ABSTRAK Penelitian ini memberikan gambaran mengenai fungsi investor relations yang dijalankan di Bank Indonesia. Penelitian ini juga memberikan gambaran mengenai strategi-strategi investor relations yang dilakukan Bank Indonesia dalam menghadapi Masyarakat Ekonomi ASEAN. Penelitian dikembangkan dengan pendekatan kualitatif dan menggunakan teknik wawancara mendalam, dengan bantuan hasil observasi langsung. Hasil penelitian menunjukkan bahwa di Bank Indonesia, fungsi investor relations terbagi menjadi dua, yaitu fungsi business unit yang dijalankan oleh Investor Relations Unit, dan fungsi manajemen hubungan yang dijalankan oleh Departemen Komunikasi. Strategi dari Investor Relations Unit berupa kebijakan-kebijakan yang mendukung posisi Indonesia di Masyarakat Ekonomi ASEAN, sementara strategi dari Departemen Komunikasi berupa strategi komunikasi dari kebijakan yang dikeluarkan departemen lain di Bank Indonesia.

---

ABSTRACT

;"This study provides the insights of the investor relations function that"

"exists in The Central Bank of Indonesia. This study also provides the insights of the strategies of investor relations that the Central Bank of Indonesia take in facing the upcoming ASEAN Economic Community. This study was developed with a qualitative approach by using in-depth interview, and was completed by the result of observation. The result of the study shows that in The Central Bank of Indonesia, investor relations function was divided in two categories, the function as a business unit that is managed by Investor Relations Unit and the function of relationship management that is managed by Department of Communication. The strategies of Investor Relations Unit are in the form of policies that will strengthen Indonesia?s value in ASEAN Economic Community, while the strategies of Department of Communication are in the form of communication plans of the policies that other departments within The Central Bank of Indonesia create.", "This study provides the insights of the investor relations function that"

"exists in The Central Bank of Indonesia. This study also provides the insights of the strategies of investor relations that the Central Bank of Indonesia take in facing the upcoming ASEAN Economic Community. This study was developed with a qualitative approach by using in-depth interview, and was completed by the result of observation. The result of the study shows that in The Central Bank of Indonesia, investor relations function was divided in two categories, the function as a business unit that is managed by Investor Relations Unit and the function of relationship management that is managed by Department of Communication. The strategies of Investor Relations Unit are in the form of policies that will strengthen Indonesia’s value in ASEAN Economic Community, while the strategies of Department of Communication are in the form of communication plans of the policies that other departments within The Central Bank of Indonesia create."]"

"Pasar merupakan sebuah perwujudan kegiatan ekonomi yang telah melembaga sejak lama serta tempat bertemunya berbagai kepentingan antara konsumen dan produsen. Pasar modern yang umumnya diisi oleh retailer (pengecer) besar, baik perusahoan pengecer multinasional maupun nasional merupakan pasaing yang mulai mengancam keberadaan pedagang di pasar pasar tradisional. Oleh karena itulah modernisasi pasar dengan mengelola pasar secara modern baik dari sistem pengelolaan maupun kelembagaannya perlu dilakukan untuk meningkatkan perekonomian pedagang kecil serta memacu pertumbuhan ekonomi daerah (PAD dan APBD).Dalam rangka memacu pertumbuhan ekonomi daerah, peningkatan profit merupakan bagian dari kinerja dan hasil akhir yang ingin dicapai dari pengelolaan pasar secara keseluruhan. Untuk mencapai peningkatan tersebut dtperlukan pola pendanaan yang diperkuat dengan bentuk pola kelembagaan yang optimum dimana di dalam pola kelembagaan ini akan dilakukan kerjasama antara pihak PD. Pasar Jaya dengan pihak ketiga. Oleh karena itu maka dilakukanlah penelitian ini dengan tujuan mengidentifikasi pola kelembagaan yang mampu meningkatkan profit perusahaan pengelola pasar.Dalam penelitian ini, untuk mendapatkan bentuk pola kelembagaan yang optimum maka digunakan 3 (tiga) macam metode analisis yaitu analisis AHP (untuk melihat peringkat faktor yang berpengaruh pada pola kelembagaan), analisis deskriptif (untuk mencari tingkat pengaruh variabel kelembagaan terhadap profit), dan yang terakhir adalah analisis sensitivitas (mensimulasi Net Present Value/NPV dengan simulasi Monte Carlo yang bertujuan mencari NPV yang paling tinggi).Setelah ketiga metode tersebut dilaksanakan, maka diperoleh hasil penelitian bahwa bentuk pola kelembagaan yang paling optimum adalah Joint Operation dengan masa konsesi 15 tahun (dilihat dari NPV dan profit yang paling tinggi) serta pihak yang terlibat adalah PD. Pasar Jaya (40%) dan Developer (60%).

---

Market is a realization economics activities which being institution since a long time ago. Market is the meeting place too between any needed from producers and their consumers. Modern market usually contents big retailer's companies, example multinational and national retailer's companies that compete and threat trader's existence in traditional market. Based on that reason, market modernization must manages market to be modern in management and institution to lift up small traders' economy and spur on regional economics growth (PAD and APBD).

In spur an regional economics growth, profit escalation is part of performance and final result which is needed to achieve of totally market management. To achieve that escalation, needed a financing models that are supported by an optimum institution models which will executed cooperation between PD. Pasar Jaya and third party. For that goal, writer makes a research to identify institution models which able to lift up profit of market management company.

In this research, to gain optimum institution models are used by three kinds of analysis methods. First, is AHP Analysis. Its purpose: to see factor's level which influents institution models, Second, is Descriptive Analysis. Its purpose: to find the influence level of institution models on profit. And the last method, is Sensitivity Analysis. Its purpose: to stimulate Net Present Value (NPV) by Monte Carlo stimulation to find the higher of NPV.

After that three method are runned, we obtain the research's result. The results are the optimum institution's model is Joint Operation with concession period in fifteen years(can see from the higher profit and NPV); and involved parts are PD. Pasar Jaya (40%) and Developer (60%)."

"[ABSTRAKPenelitian ini bertujuan untuk menganalisis pengaruh dari struktur pasarperbankan terhadap profitabilitas dan stabilitas bank terkait rencana integrasisektor perbankan ASEAN yang merupakan salah satu cetak biru dari MasyarakatEkonomi ASEAN (MEA). Dalam mengukur struktur pasar perbankan digunakanpangsa pasar bank {Relative Market Power (RMP) Hypotesis} dan konsentrasipasar perbankan {Structure Conduct Performance (SCP) Hypothesis}. Penelitianini menggunakan data bank komersial yang terdaftar di pasar bursa saham negaraASEAN 4, yaitu Indonesia, Malaysia, Thailand, dan Filipina pada periode 2009-2014. Hasil penelitian ini menunjukan RMP Hypothesis berlaku di perbankanASEAN dalam mempengaruhi profitabilitas bank, namun tidak berlaku di Thailand dan Filipina. Di Indonesia SCP Hypothesis berlaku dominan dalam menentukan profitabilitas bank. Lain halnya dengan Malaysia, Efficiency Hypothesis mengonfirmasi hubungan pangsa pasar, konsentrasi pasar, dan profitabilitas bank. Penelitian ini juga menemukan bahwa konsentrasi pasar perbankan berpengaruh negatif terhadap stabilitas bank pada perbankan ASEAN, Thailand dan Filipina. Hal tersebut mendukung konsep Concentration Fragility.Lain halnya dengan Indonesia dan Malaysia, konsetrasi pasar perbankan membuatbank lebih tidak stabil. Sehingga hal tersebut mendukung Concentration Stability.Penemuan penting dalam penelitian ini adalah bank dengan pangsa pasar besar/ukuran besar dan permodalan kuat membuat bank dapat bersaing terkait rencana integrasi sektor perbankan ASEAN. Hal tersebut dapat dilakukan dengan marger dan akuisisi, khususnya untuk Indonesia.

---

ABSTRACTThis study is aimed for analyzing the influence of banking market structure on bank profitability and stability related to ASEAN banking sector integration plan which is in line with blue print of ASEAN Economic Community (AEC). In measuring banking market structure, the research utilized reference of bank market share {Relative Market Power (RMP) Hypotesis}and banking market concentration {Structure Conduct Performance (SCP) Hypotesis}. This research also utilized other references of commercial banks in which listed in stock exchange of ASEAN 4 countries: Indonesia, Malaysia, Thailand, and Filiphine for 2009 ? 2014 period. One of the research findings has shown that RMP Hypotesis takes part in influencing bank profitability in ASEAN banks, but it does not work in Thailand and Filiphine. In case of Indonesia, SCP Hypothesis dominantly takes part in creating bank profitability. In case of Malaysia, on the other hand, Efficiency Hypothesis confirms market share, market concentration, and bank profitability. The research has also found out that banking market concentration contributes negative impact on bank stability in ASEAN banks, Thailand and Filiphine. This matter supports Concentration Fragility. On the contrary, in case of Indonesia and Malaysia: banking market concentration leads to more instability within the banks. The condition, therefore, supports Concentration Stability. The important finding of this research is that highmarket share/bigger bank and strong capital leads to banks in order to win thecompetition in regard with ASEAN banking integration sector plan. This achievement can be reached by policy of merge and acquisition, especially for Indonesia banks.;This study is aimed for analyzing the influence of banking market structure on bank profitability and stability related to ASEAN banking sector integration plan which is in line with blue print of ASEAN Economic Community (AEC). In measuring banking market structure, the research utilized reference of bank market share {Relative Market Power (RMP) Hypotesis}and banking market concentration {Structure Conduct Performance (SCP) Hypotesis}. This research also utilized other references of commercial banks in which listed in stock exchange of ASEAN 4 countries: Indonesia, Malaysia, Thailand, and Filiphine for 2009 ? 2014 period. One of the research findings has shown that RMPHypotesis takes part in influencing bank profitability in ASEAN banks, but it does not work in Thailand and Filiphine. In case of Indonesia, SCP Hypothesis dominantly takes part in creating bank profitability. In case of Malaysia, on the other hand, Efficiency Hypothesis confirms market share, market concentration, and bank profitability. The research has also found out that banking market concentration contributes negative impact on bank stability in ASEAN banks, Thailand and Filiphine. This matter supports Concentration Fragility. On the contrary, in case of Indonesia and Malaysia: banking market concentration leads to more instability within the banks. The condition, therefore, supports Concentration Stability. The important finding of this research is that highmarket share/bigger bank and strong capital leads to banks in order to win the competition in regard with ASEAN banking integration sector plan. This achievement can be reached by policy of merge and acquisition, especially for Indonesia banks., This study is aimed for analyzing the influence of banking market structure onbank profitability and stability related to ASEAN banking sector integrationplan which is in line with blue print of ASEAN Economic Community (AEC).In measuring banking market structure, the research utilized reference of bankmarket share {Relative Market Power (RMP) Hypotesis}and banking marketconcentration {Structure Conduct Performance (SCP) Hypotesis}. This researchalso utilized other references of commercial banks in which listed in stockexchange of ASEAN 4 countries: Indonesia, Malaysia, Thailand, and Filiphinefor 2009 – 2014 period. One of the research findings has shown that RMPHypotesis takes part in influencing bank profitability in ASEAN banks, but itdoes not work in Thailand and Filiphine. In case of Indonesia, SCP Hypothesisdominantly takes part in creating bank profitability. In case of Malaysia, on theother hand, Efficiency Hypothesis confirms market share, market concentration,and bank profitability. The research has also found out that banking marketconcentration contributes negative impact on bank stability in ASEAN banks,Thailand and Filiphine. This matter supports Concentration Fragility. On thecontrary, in case of Indonesia and Malaysia: banking market concentrationleads to more instability within the banks. The condition, therefore, supportsConcentration Stability. The important finding of this research is that highmarket share/bigger bank and strong capital leads to banks in order to win thecompetition in regard with ASEAN banking integration sector plan. Thisachievement can be reached by policy of merge and acquisition, especially forIndonesia banks.]"

"Kendati bertujuan untuk mencapai kemakmuran dan pemerataan ekonomi antar negara anggota sebagai bagian dari usaha integrasi ekonomi ASEAN, data menunjukan bahwa ASEAN-Plus justru meningkatkan kesenjangan antar anggota. Penelitian ini bertujuan untuk mengevaluasi apakah usaha ASEAN-Plus merupakan langkah yang tepat untuk mencapi tujuan akhir dari integrasi ekonomi ASEAN. Penelitian mencakup 5 perjanjian dalam ASEAN-Plus yakni ACFTA, AKFTA, AJCEP, AANZFTA dan RCEP dengan periode 2000 – 2019. Seluruh data diolah dengan menggunakan metode data panel dimana untuk memilih antara Fixed Effect dan Random Effect dilakukan Hausman Test. Hasil menunjukan bahwa pembentukan ASEAN-Plus meningkatkan kemakmuran namun tidak terdapat pengaruh konvergensi. Tidak terlihatnya pengaruh konvergensi dapat terjadi berkaitan dengan limitasi penelitian yang tidak melakukan pengujian dalam jangka waktu panjang seperti pengujian dengan menggunakan metode Panel Cointegration dan juga analisis yang dilaksanakan pada tingkat negara dan bukan dalam tingkat produk.

---

Although ASEAN-Plus aim to achieve economic prosperity and equality among its members as part of ASEAN economic integration effort, data shows that there is rising gap after the formation of ASEAN-Plus. This study aims to determine whether the ASEAN-Plus effort is the right one to achieve the goal of ASEAN economic integration. The study covers 5 agreements in ASEAN-Plus namely ACFTA, AKFTA, AJCEP, AANZFTA and RCEP with the period 2000 – 2019. All data is processed using the panel data method where to choose between Fixed Effect and Random Effect the Hausman Test is carried out. The results show that the formation of ASEAN-Plus increases prosperity but there is no convergence effect. The invisibility of the convergence effect may occur due to the limitation of research, that does not conduct testing in the long term, such as testing using the Panel Cointegration method as well as its analysis that is conducted at country-level and not on product-level."