Factor accumulation and total factor productivity growth: ASEAN economies
This study examines the contribution of factor accumulation on Total Factor Productivity (TFP) growth in the eight ASEAN countries with specific reference to short-term and long-term estimation effect. Using Mean Group (MG) estimator on data between 1990 and 2018, this study found a significant...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2020
|
| Online Access: | http://journalarticle.ukm.my/16872/ http://journalarticle.ukm.my/16872/1/jeko_54%282%29-6.pdf |
| _version_ | 1848814164938588160 |
|---|---|
| author | Subramaniam Munusamy, Yogambigai Rajamoorthy, |
| author_facet | Subramaniam Munusamy, Yogambigai Rajamoorthy, |
| author_sort | Subramaniam Munusamy, |
| building | UKM Institutional Repository |
| collection | Online Access |
| description | This study examines the contribution of factor accumulation on Total Factor Productivity (TFP) growth in the eight
ASEAN countries with specific reference to short-term and long-term estimation effect. Using Mean Group (MG)
estimator on data between 1990 and 2018, this study found a significant relationship between capital accumulation
and TFP growth. Our analysis suggests that the positive growth on TFP in most ASEAN countries was due to the
short-run effect of capital accumulation. This study also found that the ASEAN economies have a relatively lower rate
of capital utilization that adversely affects TFP growth in the long run. The contribution of TFP to output growth is
paramount for the sustainability of long-term economic growth. Thus, ASEAN countries need to accelerate capital
accumulation and technology adoption in the short-term and utilize idle capital in the long-term. |
| first_indexed | 2025-11-15T00:29:44Z |
| format | Article |
| id | oai:generic.eprints.org:16872 |
| institution | Universiti Kebangasaan Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T00:29:44Z |
| publishDate | 2020 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | oai:generic.eprints.org:168722021-06-24T16:22:47Z http://journalarticle.ukm.my/16872/ Factor accumulation and total factor productivity growth: ASEAN economies Subramaniam Munusamy, Yogambigai Rajamoorthy, This study examines the contribution of factor accumulation on Total Factor Productivity (TFP) growth in the eight ASEAN countries with specific reference to short-term and long-term estimation effect. Using Mean Group (MG) estimator on data between 1990 and 2018, this study found a significant relationship between capital accumulation and TFP growth. Our analysis suggests that the positive growth on TFP in most ASEAN countries was due to the short-run effect of capital accumulation. This study also found that the ASEAN economies have a relatively lower rate of capital utilization that adversely affects TFP growth in the long run. The contribution of TFP to output growth is paramount for the sustainability of long-term economic growth. Thus, ASEAN countries need to accelerate capital accumulation and technology adoption in the short-term and utilize idle capital in the long-term. Penerbit Universiti Kebangsaan Malaysia 2020 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/16872/1/jeko_54%282%29-6.pdf Subramaniam Munusamy, and Yogambigai Rajamoorthy, (2020) Factor accumulation and total factor productivity growth: ASEAN economies. Jurnal Ekonomi Malaysia, 54 (2). pp. 67-76. ISSN 0127-1962 https://www.ukm.my/fep/jem/content/2020-2.html |
| spellingShingle | Subramaniam Munusamy, Yogambigai Rajamoorthy, Factor accumulation and total factor productivity growth: ASEAN economies |
| title | Factor accumulation and total factor productivity growth: ASEAN economies |
| title_full | Factor accumulation and total factor productivity growth: ASEAN economies |
| title_fullStr | Factor accumulation and total factor productivity growth: ASEAN economies |
| title_full_unstemmed | Factor accumulation and total factor productivity growth: ASEAN economies |
| title_short | Factor accumulation and total factor productivity growth: ASEAN economies |
| title_sort | factor accumulation and total factor productivity growth: asean economies |
| url | http://journalarticle.ukm.my/16872/ http://journalarticle.ukm.my/16872/ http://journalarticle.ukm.my/16872/1/jeko_54%282%29-6.pdf |