Assessing The Impact Of Ict And Human Capital Impact On Productivity Of Asean-5 Economies
This paper empirically measures the impact of information and communication technology (ICT) and human capital on productivity of ASEAN5 (Malaysia, Indonesia, Philippines, Singapore and Thailand). Analytical analysis in this article has successfully corrected the defects of the predecessor study through a statistical estimation by way of arriving at the coefficients of the explanatory variables being used by econometric approach. A second step in a regular procedure has effectively plugged the parameters of the variables into a modified model in order to calculate the growth rates of productivity indicators being used by growth accounting. The assessment foresees a key finding that the productivity growth of the abovementioned ASEAN5 has been “input-driven”. As reflected from the comparison among the results of total factor productivity (TFP) growth. The study also exposes a fact that the impact of ICT and human capital has been positive in the countries under considerations
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