{"id":2800,"date":"2021-06-09T00:55:29","date_gmt":"2021-06-08T16:55:29","guid":{"rendered":"https:\/\/www.ukm.my\/jem\/article\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\/"},"modified":"2022-10-26T14:31:36","modified_gmt":"2022-10-26T06:31:36","slug":"factor-accumulation-and-total-factor-productivity-growth-asean-economies-2","status":"publish","type":"article","link":"https:\/\/www.ukm.my\/jem\/article\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\/","title":{"rendered":"Factor Accumulation and Total Factor Productivity Growth: ASEAN Economies"},"content":{"rendered":"

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.<\/p>\n","protected":false},"template":"","tags":[411,582,584,583],"jel-code":[],"article-type":[1329],"class_list":["entry","author-jem","post-2800","article","type-article","status-publish","tag-asean","tag-factor-accumulation","tag-mean-group-estimator","tag-tfp","article-type-normal-article"],"yoast_head":"\nFactor Accumulation and Total Factor Productivity Growth: ASEAN Economies | Jurnal Ekonomi Malaysia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ukm.my\/jem\/article\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Factor Accumulation and Total Factor Productivity Growth: ASEAN Economies | Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"og:description\" content=\"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 TFPContinue Reading\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ukm.my\/jem\/article\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-26T06:31:36+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@EkonomiJurnal\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\\\/\",\"name\":\"Factor Accumulation and Total Factor Productivity Growth: ASEAN Economies | Jurnal Ekonomi Malaysia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\"},\"datePublished\":\"2021-06-08T16:55:29+00:00\",\"dateModified\":\"2022-10-26T06:31:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Articles\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Factor Accumulation and Total Factor Productivity Growth: ASEAN Economies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"name\":\"Jurnal Ekonomi Malaysia\",\"description\":\"Universiti Kebangsaan Malaysia\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\",\"name\":\"Jurnal Ekonomi Malaysia\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"contentUrl\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"width\":512,\"height\":308,\"caption\":\"Jurnal Ekonomi Malaysia\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\",\"https:\\\/\\\/x.com\\\/EkonomiJurnal\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Factor Accumulation and Total Factor Productivity Growth: ASEAN Economies | Jurnal Ekonomi Malaysia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ukm.my\/jem\/article\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\/","og_locale":"en_US","og_type":"article","og_title":"Factor Accumulation and Total Factor Productivity Growth: ASEAN Economies | Jurnal Ekonomi Malaysia","og_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 TFPContinue Reading","og_url":"https:\/\/www.ukm.my\/jem\/article\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\/","og_site_name":"Jurnal Ekonomi Malaysia","article_publisher":"https:\/\/www.facebook.com\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485","article_modified_time":"2022-10-26T06:31:36+00:00","twitter_card":"summary_large_image","twitter_site":"@EkonomiJurnal","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ukm.my\/jem\/article\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\/","url":"https:\/\/www.ukm.my\/jem\/article\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\/","name":"Factor Accumulation and Total Factor Productivity Growth: ASEAN Economies | Jurnal Ekonomi Malaysia","isPartOf":{"@id":"https:\/\/www.ukm.my\/jem\/#website"},"datePublished":"2021-06-08T16:55:29+00:00","dateModified":"2022-10-26T06:31:36+00:00","breadcrumb":{"@id":"https:\/\/www.ukm.my\/jem\/article\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ukm.my\/jem\/article\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.ukm.my\/jem\/article\/factor-accumulation-and-total-factor-productivity-growth-asean-economies-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ukm.my\/jem\/"},{"@type":"ListItem","position":2,"name":"Articles","item":"https:\/\/www.ukm.my\/jem\/article\/"},{"@type":"ListItem","position":3,"name":"Factor Accumulation and Total Factor Productivity Growth: ASEAN Economies"}]},{"@type":"WebSite","@id":"https:\/\/www.ukm.my\/jem\/#website","url":"https:\/\/www.ukm.my\/jem\/","name":"Jurnal Ekonomi Malaysia","description":"Universiti Kebangsaan Malaysia","publisher":{"@id":"https:\/\/www.ukm.my\/jem\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ukm.my\/jem\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ukm.my\/jem\/#organization","name":"Jurnal Ekonomi Malaysia","url":"https:\/\/www.ukm.my\/jem\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ukm.my\/jem\/#\/schema\/logo\/image\/","url":"https:\/\/www.ukm.my\/jem\/wp-content\/uploads\/2021\/05\/cropped-browser-icon-letter-1.png","contentUrl":"https:\/\/www.ukm.my\/jem\/wp-content\/uploads\/2021\/05\/cropped-browser-icon-letter-1.png","width":512,"height":308,"caption":"Jurnal Ekonomi Malaysia"},"image":{"@id":"https:\/\/www.ukm.my\/jem\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485","https:\/\/x.com\/EkonomiJurnal"]}]}},"_links":{"self":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article\/2800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article"}],"about":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/types\/article"}],"version-history":[{"count":1,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article\/2800\/revisions"}],"predecessor-version":[{"id":4145,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article\/2800\/revisions\/4145"}],"wp:attachment":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/media?parent=2800"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/tags?post=2800"},{"taxonomy":"jel-code","embeddable":true,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/jel-code?post=2800"},{"taxonomy":"article-type","embeddable":true,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article-type?post=2800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}