Impact of Transport Capital Investment on Productivity Growth in Asia Pacific Countries

Nur Syiqim, Mohd Syafiq Felix (2020) Impact of Transport Capital Investment on Productivity Growth in Asia Pacific Countries. Masters thesis, Universiti Malaysia Sarawak (UNIMAS).

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Abstract

The aim of this study is to explore the relationship between transport infrastructure investment and the productivity growth in Asia Pacific region. The productivity growth is measured by the total factor productivity (TFP) growth and is estimated using the Malmquist Productivity Index (MPI) method based on the Data Envelopment Analysis (DEA) approach. The overall of productivity change for Asia Pacific region which is for a period 2010 to 2016 shows a negative growth of -0.6%. Next, the Generalised Method-of-Moments estimators are adopted to analyse the impact of transport infrastructure investment on the productivity growth. The study result revealed a negative association between transport infrastructure investment on productivity growth without governance variable as a moderator. However, the result showed a positive relationship between transport infrastructure investment and productivity growth when governance is introduced as the moderator in the model. The finding suggest that transport infrastructure investment needs to be accompanied by good governance in order to enhance the productivity growth of countries. The role played by the government to ensure good governance practices is crucial for an effective capital investment.

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