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The dynamic relationship between TFP and human capital inequality : evidence from ASEAN countries

The study investigates the long-run equilibrium relationship between human capital inequality and cumulative TFP growth rate using data for a panel of 5 selected ASEAN countries over the period of 1990 to 2014. Both the first-generation and second-generation panel unit root tests are involved and...

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Main Authors: Hong, Du Yu, Abu Hassan Shaari Md. Nor,, Tamat Sarmidi,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2018
Online Access:http://journalarticle.ukm.my/19802/1/jeko_522-14.pdf
http://journalarticle.ukm.my/19802/
https://www.ukm.my/jem/issue/v52i2/
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spelling my-ukm.journal.198022022-09-21T06:56:02Z http://journalarticle.ukm.my/19802/ The dynamic relationship between TFP and human capital inequality : evidence from ASEAN countries Hong, Du Yu Abu Hassan Shaari Md. Nor, Tamat Sarmidi, The study investigates the long-run equilibrium relationship between human capital inequality and cumulative TFP growth rate using data for a panel of 5 selected ASEAN countries over the period of 1990 to 2014. Both the first-generation and second-generation panel unit root tests are involved and the long-run equilibrium relationships among variables are confirmed by using the Pedroni-type panel cointegration tests and the Westerlund-type panel cointegration estimator. Using the FMOLS and DOLS estimators, the results for the whole panel, human capital inequality is negatively affecting the cumulative TFP growth rate suggesting that the unequal distribution of human capital is harmful to regional TFP growth and an improvement in human capital inequality will promote TFP growth. However, homogenous effects of all individual countries are impractical and the results of the relationship between human capital inequality and TFP growth rate for individual countries present heterogeneity. Penerbit Universiti Kebangsaan Malaysia 2018 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/19802/1/jeko_522-14.pdf Hong, Du Yu and Abu Hassan Shaari Md. Nor, and Tamat Sarmidi, (2018) The dynamic relationship between TFP and human capital inequality : evidence from ASEAN countries. Jurnal Ekonomi Malaysia, 52 (2). pp. 175-188. ISSN 0127-1962 https://www.ukm.my/jem/issue/v52i2/
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description The study investigates the long-run equilibrium relationship between human capital inequality and cumulative TFP growth rate using data for a panel of 5 selected ASEAN countries over the period of 1990 to 2014. Both the first-generation and second-generation panel unit root tests are involved and the long-run equilibrium relationships among variables are confirmed by using the Pedroni-type panel cointegration tests and the Westerlund-type panel cointegration estimator. Using the FMOLS and DOLS estimators, the results for the whole panel, human capital inequality is negatively affecting the cumulative TFP growth rate suggesting that the unequal distribution of human capital is harmful to regional TFP growth and an improvement in human capital inequality will promote TFP growth. However, homogenous effects of all individual countries are impractical and the results of the relationship between human capital inequality and TFP growth rate for individual countries present heterogeneity.
format Article
author Hong, Du Yu
Abu Hassan Shaari Md. Nor,
Tamat Sarmidi,
spellingShingle Hong, Du Yu
Abu Hassan Shaari Md. Nor,
Tamat Sarmidi,
The dynamic relationship between TFP and human capital inequality : evidence from ASEAN countries
author_facet Hong, Du Yu
Abu Hassan Shaari Md. Nor,
Tamat Sarmidi,
author_sort Hong, Du Yu
title The dynamic relationship between TFP and human capital inequality : evidence from ASEAN countries
title_short The dynamic relationship between TFP and human capital inequality : evidence from ASEAN countries
title_full The dynamic relationship between TFP and human capital inequality : evidence from ASEAN countries
title_fullStr The dynamic relationship between TFP and human capital inequality : evidence from ASEAN countries
title_full_unstemmed The dynamic relationship between TFP and human capital inequality : evidence from ASEAN countries
title_sort dynamic relationship between tfp and human capital inequality : evidence from asean countries
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2018
url http://journalarticle.ukm.my/19802/1/jeko_522-14.pdf
http://journalarticle.ukm.my/19802/
https://www.ukm.my/jem/issue/v52i2/
_version_ 1744649882047610880
score 13.211869

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