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Title: CONVERGENCE OR DIVERGENCE: A FUZZY CLUSTERING ANALYSIS OF SOUTHEAST ASIAN ECONOMIC SYNCHRONIZATION
Authors: Toan Ngoc NGUYEN
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Toan Ngoc NGUYEN Lecturer, Institute of Economics, Ho Chi Minh Academy of Politics, Vietnam.
MLA 8 NGUYEN, Toan Ngoc. "CONVERGENCE OR DIVERGENCE: A FUZZY CLUSTERING ANALYSIS OF SOUTHEAST ASIAN ECONOMIC SYNCHRONIZATION." Int. j. of Social Science and Economic Research, vol. 5, no. 3, Mar. 2020, pp. 701-712, ijsser.org/more2020.php?id=47. Accessed Mar. 2020. APA NGUYEN, T. (2020, March). CONVERGENCE OR DIVERGENCE: A FUZZY CLUSTERING ANALYSIS OF SOUTHEAST ASIAN ECONOMIC SYNCHRONIZATION. Int. j. of Social Science and Economic Research, 5(3), 701-712. Retrieved from ijsser.org/more2020.php?id=47 Chicago NGUYEN, Toan Ngoc. "CONVERGENCE OR DIVERGENCE: A FUZZY CLUSTERING ANALYSIS OF SOUTHEAST ASIAN ECONOMIC SYNCHRONIZATION." Int. j. of Social Science and Economic Research 5, no. 3 (March 2020), 701-712. Accessed March, 2020. ijsser.org/more2020.php?id=47.
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Abstract: This paper attempts to examine the degree of homogeneity and the trend of macroeconomic convergence across East Asian economies from the perspective of multiple Optimum Currency Area criteria, using the technique of fuzzy C-mean clustering analysis. The question of homogeneity is obviously of importance to the test the convergence in East Asia and to formulate any regional policy coordination. We find that East Asia has not been sufficiently homogeneous and can be divided into as many as four to five groups with significant degree of fuzziness. We find no notable trend of convergence from the data. In fact, East Asian has appeared to be more diverged. Thus, we suspect the possibility of common policy stance and of forming a currency union in East Asia.

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