Human Capital and Productivity Growth in ASEAN Countries for 2000-2010: A Malmquist Index Analysis

Abstract

This study emphasizes a role of human capital in the measurement of productivity growth and highlights the importance of sample selections in analyzing productivity change of ASEAN countries, especially from 2000 to 2010. The productivity growth in ASEAN countries appears to deteriorate, mainly due to efficiency losses in the first half of the decade and the lack of technological improvement in the second half of the decade.