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ICT and Human Capital Spillover Effects in Achieving Sustainable East Asian Knowledge-Based Economies

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An Erratum to this article was published on 14 March 2017

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Abstract

This study assesses the impact of information and communications technology (ICT) and human capital spillover effects on productivity on selected five countries of Association of Southeast Asian Nations, (ASEAN5), Malaysia, Indonesia, Philippines, Singapore, and Thailand, plus three East Asian Countries (China, Japan, and South Korea). The factors identified as inducing productivity of ASEAN-5 + 3 are the single contributions of physical capital, labor, ICT, human capital, and the instantaneous contribution of the quality of these factors. That is articulated as the total factor productivity (TFP). The study contributes to the knowledge by using three variations of extensive and intensive growth theories (such as output model, labor productivity, and capital productivity). In this respect, the results show that the productivity growth of ASEAN 5 is an input driven; however, China has overtaken the second largest economy position in the world and emerged as productivity-driven nation that attracted multination company investment. Meanwhile, Japan and South Korean model has constructed global companies that help them to join the Organization for Economic Cooperation and Development (OECD).

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Change history

  • 14 March 2017

    An erratum to this article has been published.

Notes

  1. The intercept term, as usual, gives the mean or average effect on dependent variable of all the variables excluded from the model.

  2. The residual term proxies for the total factor productivity growth that accounting for the technological progress of the economy through the quality of input terms.

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Authors and Affiliations

  1. Faculty of Business, Economics Unit, Multimedia University, 75450, Melaka, Malaysia

    Elsadig Musa Ahmed

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  1. Elsadig Musa Ahmed
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Correspondence to Elsadig Musa Ahmed.

Additional information

An erratum to this article is available at https://doi.org/10.1007/s13132-017-0474-0.

Appendix

Appendix

Table 5 Results of the Phillips-Perron (PP) unit root test first difference
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Table 6 Estimated coefficients of ASEAN-5, 1965–2006
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Table 7 Estimated coefficients of ASEAN 5 + 3 1965–2006
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Table 8 Estimated coefficients of ASEAN 5, 1965–2006
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Table 9 Estimated coefficients of ASEAN 5 + 3, 1965–2006
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Table 10 Estimated Coefficients of ASEAN 5, 1965–2006
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Ahmed, E.M. ICT and Human Capital Spillover Effects in Achieving Sustainable East Asian Knowledge-Based Economies. J Knowl Econ 8, 1086–1112 (2017). https://doi.org/10.1007/s13132-016-0430-4

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