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Measuring the effects of labour productivity on ASEAN5 plus 3 economic growth

Author

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  • Elsadig Musa Ahmed

    (Faculty of Business and Law, Multimedia University, 75450, Melaka, Malaysia)

Abstract

This paper analyses the effects of labour productivity, capital deepening and total factor productivity (TFP) intensity in ASEAN5 (Malaysia, Indonesia, Philippines, Singapore and Thailand) plus 3 (China, Japan and South Korea). The results of this study show that there was slight contribution of the TFP intensity to the economic growth of these countries during the periods of the study. The results also confirm that capital intensity had a strongly significant role in achieving light labour productivity contribution that had been produced by most of these economies through using huge inputs (such as physical, capital and labour) to produce outputs. The results show that the productivity growth of most of these countries is input driven, however, the South Korean model is moving to be a productivity driven; Japan is productivity driven as the only Asian nation that joined the industrial club which is dominated by Western nations.

Suggested Citation

  • Elsadig Musa Ahmed, 2011. "Measuring the effects of labour productivity on ASEAN5 plus 3 economic growth," E3 Journal of Business Management and Economics., E3 Journals, vol. 2(2), pages 069-074.
    • Handle: RePEc:etr:series:v:2:y:2011:i:2:p:069-074
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    References listed on IDEAS

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    Cited by:

    1. Elsadig Musa Ahmed & Rahim Kialashaki, 2023. "FDI inflows spillover effect implications on the Asian‐Pacific labour productivity," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 575-588, January.

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    More about this item

    Keywords

    ASEAN5 plus 3; input driven; TFP intensity; labour productivity; capital deepening. JEL classification: E23; C22;
    All these keywords.

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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