Analyzing Economic Performance of ASEAN Plus 3 Countries Using Growth Accounting and DEA Models

Mohammad Adam Jerusalem

《International Journal of Operations Research》 16卷3期 (2019/09) Pp. 77-90

https://doi.org/10.6886/IJOR.201909_16(3).0002

摘要

Economic performance among ASEAN Plus 3 countries was analyzed in this study using the CCR, BCC, and Malmquist index DEA models and Growth Accounting on data collected from 2004 to 2011. Two input variables (labor force and gross capital formation) and one output variable (the GDP) were selected, and an output-oriented formulation was applied to all DEA models. The CCR result indicates that Brunei Darussalam has the best economic performance, while the BCC model illustrates that Brunei Darussalam and Japan have efficient economic activities. The Malmquist index provides a measure and decomposition of performance changes over time, thereby providing information concerning how certain countries catch up to others. Finally, a growth accounting analysis showed that China was recorded as the second highest for the TFP. This analysis will identify the sources of inefficiency for each country and suggest appropriate policies for adjusting inefficient input and output variables to obtain better performance.

關鍵字

Economic performance ； ASEAN Plus 3 ； Growth Accounting ； Data Envelopment Analysis