Economic growth; Determinants; Capital; Labor; Population growth; Government expenditure; Southeast Asian countries; Neoclassical model; Cobb-Douglas production function; FEM
This study based on the neoclassical growth theory, an extended version of this model. As common trend, Cobb-Douglas production function is used to evaluate the robustness of determinants of economic growth in a dataset of six Southeast Asian countries from 1993 to 2009. The fixed effect model (FEM) is used to estimate this model. The results indicate that the most important source of economic growth of these countries is capital accumulation and labor.
University of Economics Ho Chi Minh City; VNP (Vietnam – The Netherlands Programme for M.A. in Development Economics)