Rath, Badri Narayan (2019) DOES TOTAL FACTOR PRODUCTIVITY CONVERGE AMONG ASEAN COUNTRIES? Buletin Ekonomi Moneter dan Perbankan. pp. 477-494. ISSN 1410-8046

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This paper examines the productivity convergence of the five original Association ofSoutheast 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 leastsquares Lagrange multiplier unit root tests reveal strong evidence of productivityconvergence in case of ASEAN-5. Further, the results based on Phillips–Sul panelclub convergence also reveal productivity convergence. To check the robustness ofour finding, we use an alternative measure of total factor productivity and still findevidence of convergence. We infer that such productivity improvements may helpASEAN countries to achieve a higher pace of economic growth.

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IITH Creators:
IITH CreatorsORCiD
Rath, Badri Narayan
Item Type: Article
Uncontrolled Keywords: Total factor productivity; Convergence; Lagrange multiplier; ASEAN
Subjects: Social sciences > Political Science & Economics
Arts > Liberal arts
Divisions: Department of Liberal Arts
Depositing User: Team Library
Date Deposited: 19 Mar 2019 06:09
Last Modified: 19 Mar 2019 06:09
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