IDEAS home Printed from https://ideas.repec.org/a/idn/journl/v1y2019isp3p477-494.html
   My bibliography  Save this article

Does Total Factor Productivity Converge Among Asean Countries?

Author

Listed:
  • Badri Narayan Rath

    (Indian Institute of Technology Hyderabad)

Abstract

This paper examines the productivity convergence of the five original Association of Southeast Asian Nations (ASEAN) countries, namely Indonesia, Malaysia, Philippines, Singapore, and Thailand (ASEAN-5), using annual data spanning the period 1968to 2014. Results from two-break Lagrange multiplier and residual augmented least squares Lagrange multiplier unit root tests reveal strong evidence of productivity convergence in case of ASEAN-5. Further, the results based on Phillips–Sul panel club convergence also reveal productivity convergence. To check the robustness of our finding, we use an alternative measure of total factor productivity and still find evidence of convergence. We infer that such productivity improvements may help ASEAN countries to achieve a higher pace of economic growth.

Suggested Citation

  • Badri Narayan Rath, 2019. "Does Total Factor Productivity Converge Among Asean Countries?," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 21(12th BMEB), pages 477-494, January.
    • Handle: RePEc:idn:journl:v:1:y:2019:i:sp3:p:477-494
    DOI: https://doi.org/10.21098/bemp.v0i0.962
    as

    Download full text from publisher

    File URL: https://bulletin.bmeb-bi.org/cgi/viewcontent.cgi?article=1104&context=bmeb
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.21098/bemp.v0i0.962?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Total Factor Productivity; Convergence; Lagrange Multiplier; ASEAN;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idn:journl:v:1:y:2019:i:sp3:p:477-494. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lutzardo Tobing or Jimmy Kathon (email available below). General contact details of provider: https://edirc.repec.org/data/bigovid.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.