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Efficiency, Productivity, And Openness: Empirical Evidence From Asean Plus Three Economies

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  • Mohammad Zeqi Yasin

    (University of Jember, Indonesia)

Abstract

This paper investigates the impact of openness variables, i.e., Foreign Direct Investment (FDI), exports, and imports, on productivity and efficiency. By employing annual data from the 13 countries from 2001 to 2018, this study confirms that openness variables affect countries’ productivity and efficiency. Productivity will improve when FDI interacts with human capital and intra- and inter-region exports, as well as when inter-region imports interact with human capital. Meanwhile, efficiency will enhance along with the enhancement of FDI, human capital, and intra-region imports. This study emphasises the importance of minimising underutilised capital and optimising production cost and managerial expertise

Suggested Citation

  • Mohammad Zeqi Yasin, 2023. "Efficiency, Productivity, And Openness: Empirical Evidence From Asean Plus Three Economies," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 26(1), pages 69-104, March.
    • Handle: RePEc:idn:journl:v:26:y:2023:i:1c:p:69-104
    DOI: https://doi.org/10.59091/1410-8046.2046
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Efficiency; Productivity; ASEAN; Openness;
    All these keywords.

    JEL classification:

    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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