Total Factor Productivity Per Unit of Capital: ASEAN5 Plus 3 Outlooks

By Elsadig Musa Ahmed.

Published by The Global Studies Journal

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Article: Print $US10.00
Article: Electronic $US5.00

This study develops applications of capital productivity, labour intensity, information and communications technology (ICT) intensity and simultaneous contribution of them; this is referred to as total factor productivity (TFP) per unit of capital (intensity) in ASEAN5 (Malaysia, Indonesia, Philippines, Singapore and Thailand) plus 3 (China, Japan and South Korea). The study fills the gaps in previous studies by providing a statistical analysis in the first step of the estimation to attain the coefficients of the explanatory variables that have been used by econometric approach. It can be reiterated here that in addition, a second step that plugs the parameters of the variables into the model in order to compute the growth rates of productivity indicators includes the calculation of the residual of the model (TFP intensity) and other productivity indicators (such as capital productivity, labour intensity and ICT intensity) being used by growth accounting approach. The results show that high capital input growth resulted in low capital productivity with insignificant technological progress experiences by these countries, while labour intensity had a significant role in achieving fair capital productivity contribution produced by these economies through using huge inputs to produce outputs. The study also finds that the impact of ICT intensity is positive with little contribution to TFP intensity growth.

Keywords: ASEAN5 Plus 3, ICT Intensity TFP Intensity, Capital Productivity, Labour Intensity, JEL Classification: E23; C22

Global Studies Journal, Volume 1, Issue 1, pp.27-34. Article: Print (Spiral Bound). Article: Electronic (PDF File; 725.680KB).

Professor Elsadig Musa Ahmed

Lecturer, Economics Unit, Faculty of Business and Law, Multimedia University, Melaka, Melaka, Malaysia

Dr. Elsadig Musa Ahmed is a lecturer at Economics unit of the faculty of Business and Law, Multimedia University, Melaka, Malaysia. He is currently teaching International Economic History, International Political Economy, East Asian Economies, Knowledge-based Economy, Malaysia and Knowledge Economy, Basic Economics, Economic Integration and Regionalism, Microeconomics and Macroeconomics. He published so far number of papers in international refereed journals and conferences. He is supervising some Ph.D. and industrial training students and has also been an examiner to Ph.D., Master and final year project students. He is active member of World Assembly of Youth (WAY) and several associations. He is reviewer and an expert of the second Millennium Ecosystem Assessment report “Biodiversity and Human Well–being: A Synthesis Report for the Convention on Biological Diversity, 2005” He has also been a reviewer for many international, regional and local Journals and conferences such as (Economic Modelling, World Review of Science, Technology and Sustainable Development, International Journal of Economic Policy Studies and The International Journal of Environmental, Cultural, Economic and Social Sustainability). He is associate editor of the some issues of The International Journal of Environmental, Cultural, Economic and Social Sustainability. His research interests include productivity analysis, productivity and environment, development economics, economic growth and environment and knowledge-based economy.

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