ISSN: 2222-6990
Open access
The main objective of this paper is to evaluate and discuss the productivity growth of post-global financial crisis of 2008 for 16 countries in the Asia Pacific region. The productivity growth is measured by the total factor productivity (TFP) growth and is estimated using the Malmquist Productivity Index (MPI) technique based on the Data Envelopment Analysis (DEA) approach over the period of 2010-2017. The TFP indices of 16 countries were estimated using the DEAP 2.1 software. Overall, the Asia Pacific region shows the productivity growth of -0.6% throughout a period from 2010 to 2016. The results convey that Asia Pacific region experienced the highest and positive growth of TFP in year 2013, 2010 followed by 2014. Meanwhile, year 2016 recorded negative and lowest TFP growth followed by year 2011, 2015 and 2012. The DEA-MPI result also revealed that the TFP growth for most of the countries in Asia Pacific region for the period of this study is driven by efficiency change rather than technological change due to low investment in innovative technology.
Abdullah, M. A., & Satar, N. M. (2018). The Impact of Outsourcing on Airlines’ Performance: Empirical Evidence from Asia and Countries in the Pacific. Airline Economics in Asia (Advances in Airline Economics), Volume 7, 195-219. Emerald Publishing Limited. https://doi.org/10.1108/S2212-160920180000007011
Afzal, M. N. I., & Manni, U. H. (2013). An empirical productivity analysis of ASEAN economies in transition towards knowledge-based economy. Asian Research Policy, 4(1), 1-9.
Ahmed, E. M., & Kialashki, R. (2017). Asia Pacific productivity development determinants. World Journal of Entrepreneurship, Management and Sustainable Development.
Ahmed, E. M., & Krishnasamy, G. (2013). Human capital investment to achieve knowledge-based economy in ASEAN5: DEA applications. Journal of the Knowledge Economy, 4(4), 331-342.
Alvi, S., & Ahmed, A. M. (2014). Analyzing the impact of health and education on total factor productivity: A panel data approach. Indian Economic Review, 49(1), 109-123.
Färe, R. (1988). Fundamentals of production theory. Berlin, Germany: Springer-Verlag.
Färe, R., Grosskopf, S., & Roos, P. (1998). Malmquist productivity indexes: a survey of theory and practice. In Index numbers: Essays in honour of Sten Malmquist (pp. 127-190). Dordrecht, Netherlands: Springer.
Grossman, G. M., & Helpman, E. (1995). Trade wars and trade talks. Journal of Political Economy, 103(4), 675-708.
Ibrahim, A. (2012). The impact of foreign direct investment on total factor productivity and economic growth in Turkey. The Journal of Developing Areas, 46(1), 17-29.
Islam, A., Salim, R., & Bloch, H. (2016). Does regional integration affect efficiency and productivity growth? Empirical evidence from South Asia. Review of Urban & Regional Development Studies, 28(2), 107-122.
Rath, B. N. (2019). Does total factor productivity converge among ASEAN countries? Buletin Ekonomi Moneter dan Perbankan, 21, 477-494.
Krishnasamy, G., & Ahmed, E. M. (2009). Productivity growth analysis in OECD countries: Application of metafrontier functions. The Journal of the Korean Economy, 10(2), 225-244.
Krugman, P. (1991). Increasing returns and economic geography. Journal of Political Economy, 99(3), 483-499.
Nidhiprabha, B. (2017). The rise and fall of Thailand’s export-oriented industries. Asian Economic Papers No.16/3. doi:10.1162
https://www.mitpressjournals.org/doi/pdf/10.1162/asep_a_00556.
Olomola, P. A., & Osinubi, T. T. (2018). Determinants of total factor productivity in Mexico, Indonesia, Nigeria, and Turkey (1980–2014). Emerging Economy Studies, 4(2), 192-217. https://doi.org/10.1177%2F2394901518795072
Pietrucha, J., & ?elazny, R. (2019). TFP spillover effects via trade and FDI channels. Economic Research-Ekonomska Istraživanja, 32(1), 1-17.
https://doi.org/10.1080/1331677X.2019.1629327.
Solow, R. (1956). A contribution to the theory of economic growth. Quarterly Journal of Economics, 70(1), 65-94.
Solow, R. M. (1957). Technical Change and the Aggregate Production Function. The Review of Economics and Statistics, 39(3), 312. doi:10.2307/1926047.
Swan, T. W. (1956). Economic growth and capital accumulation. Economic Record, 32(2), 334-361.
Tatjé, E.G., & Lovell, C. K. (1995). A note on the Malmquist productivity index. Economics Letters, 47(2), 169-175.
Zhang, D., & Liu, D. (2017). Determinants of the capital structure of Chinese non-listed enterprises: Is TFP efficient? Economic Systems, 41(2), 179-202.
Zidouemba, P. R., & Elitcha, K. (2018). Foreign Direct Investment and Total Factor Productivity: Is There Any Resource Curse?. Modern Economy, 9(03), 463.
In-Text Citation: (Felix et al., 2020)
To Cite this Article: Felix, N. S. M. S., Abdullah, M. A., & Hui, J. K. S. (2020). Assessing the Productivity of Countries in the Asia Pacific. International Journal of Academic Research in Business and Social Sciences, 10(7), 245–264.
Copyright: © 2020 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode