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Title:	An analysis of labour productivity, global knowledge and innovation in ASEAN-5
Authors:	Tajudeen Mukhtar Olatunji (P53413)
Supervisor:	Zulkefly Abdulkarim, Prof. Madya Dr.
Keywords:	Labor productivity -- Asia Southeastern Industrial relations -- Asia Southeastern Universiti Kebangsaan Malaysia -- Dissertations Dissertations, Academic -- Malaysia
Issue Date:	25-Jun-2020
Description:	Productivity growth has been a central factor in income growth, in developed economies, productivity growth is largely driven by knowledge through innovation. In the ASEAN-5 countries except Singapore, the role of human capital development becomes increasingly important as they are climbing high income threshold nations. Thus, understanding the sources of productivity growth is necessary. It is also sufficient to understand the nature of knowledge that can enhance productivity, innovation and impact on macroeconomic and financial indicators to achieve and sustain high income rank. This thesis consists of four objectives, (a), to determine the sources of productivity growth in ASEAN-5 country for the periods between 1980 and 2016. (b), to investigate the effect of excess knowledge shock on productivity growth in ASEAN-5. (c), to explore the effect of sectoral global knowledge shock on innovation activity in ASEAN-5 country from 1998M1 to 2016M12. (d), to analyse the effect of knowledge shock from China, Japan, the EU and the US on real and financial indicators in ASEAN-5 economies from 1981Q1 to 2016Q3. The methodology applies are growth accounting and Structural Vector Autoregression. The result of the first objective indicates that the bulk of the contribution to productivity growth in most ASEAN-5 comes from educational attainment and capital intensity. Educational attainment accounts for more than 50 percent of growth in productivity, capital intensity contributes over 20 percent and less than 20 percent is attributed to a rise in the stock of ideas produced by researchers throughout the G-25 countries. The outcome presents a stylize fact that growth in working population age contributes more to excess knowledge than the growth in population. For the second objective, the following results stand out for most members: (a) a positive excess knowledge shock causes an immediate significant rise in productivity that is matched by a short term related increase in labour reallocation, (b) productivity shocks induce a positive co-movement between excess knowledge and labour reallocation, and (c) capital intensity respond negatively to excess knowledge shock and productivity shock in the short run, counterbalance by a positive response in the long run. This could be as a result of production cost rather than prices sticky. The result of the third objective indicates that two sources of knowledge are key determinants of long-term innovation growth in ASEAN-3. The domestic academic research and the global academic research are main contributors to innovation activity. The global business research has significant positive impact on domestic corporate research. The outcome of the last objective shows that positive knowledge shocks from the EU and Japan have the maximal endogenous impacts on macroeconomic and financial variables in the ASEAN-5. A one percent growth in knowledge output from Japan (EU28) would cause growth in gross domestic product to increase by 3.0 (2.5) percent in Malaysia, 0.8 (1.2) percent in Singapore and contributes 2.5 (2.2) percent of growth in Thailand, respectively. Knowledge output from the US and the EU has a positive and significant effect on domestic price in ASEAN-5 in the long run. However, knowledge output from Japan has no significant effect on price in Malaysia and Thailand.,Ph.D.
Pages:	369
Call Number:	HD6820.O433 2020 tesis
Publisher:	UKM, Bangi
Appears in Collections:	Faculty of Economy and Management / Fakulti Ekonomi dan Pengurusan

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