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.
| Published by | Bank Indonesia |
| Journal Name | Buletin Ekonomi Moneter dan Perbankan |
| Contact Phone | - |
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| Location | Kota adm. jakarta pusat, Dki jakarta INDONESIA |
| Website | BEMP| https://www.bmeb-bi.org/index.php/BEMP| |
| ISSN | ISSN : 14108046, EISSN : 24609196, DOI : -, |
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| Meta Subject | |
| Meta Desc | The Buletin Ekonomi Moneter dan Perbankan/Bulletin of Monetary Economics and Banking (BMEB) is an international peer-reviewed journal. This is a quarterly journal, published in January, April, July and August. The BMEB focuses on a broad range of topics covering monetary economics, banking, macro-prudential, payment systems, financial stability, financial markets, and economic growth (including policy coordination) that are of global relevance. This BMEB’s scope is global and the journal endeavors to publish high quality research that makes a contribution to the literature and/or has an impact on policy making. In this regard, the BMEB welcomes research papers from both central bank and non-central bank economists, academics and policy makers. |
| Penulis | Rath, Badri Narayan |
| Publisher Article | Bank Indonesia |
| Subtitle Article | Buletin Ekonomi Moneter dan Perbankan Vol 21 (2019): 12th BMEB Call for Papers Special Issue : January 2019 |
| Scholar Google | http://scholar.google.com/scholar?q=%2Bintitle%3A&… |
| View Article | https://www.bmeb-bi.org/index.… |
| DOI | https://doi.org/10.21098/bemp.v0i0.… |
| DOI Number | DOI: 10.21098/bemp.v0i0.962 |
| Download Article [1] | https://www.bmeb-bi.org/index.php/BEMP/a… |
| Download Article [2] | http://download.garuda.ristekdikti.go.id… |
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