Malaysia-Singapore-Thailand Capital Accumulation Growth (MST-CAG) [Full Text] ( Suppanunta Romprasert 2018-06-22T06:19:36Z 2018-06-22T06:19:36Z 2015
dc.description.abstract Paper has presented ideal of capital accumulation growth by using Solow Growth Model for Malaysia, Singapore, and Thailand case. Based on past 10 years by those three countries, the economies have expanded. The investment on infrastructure also shows as a part of country’s sustained economic growth such as telecommunications, electricity and ports. In the same time countries are experiencing a growing in shortage of skilled technical personnel. Then, paper’s objective is to examine whether growth of countries is due to countries’ capital accumulation. This objective brings to research question that “Why do developing countries (Malaysia and Thailand) grow at the same rates as developed one (Singapore)?” Scope of research is started at 1990 and ended at 2013. After analyzing the 24-year data collected and simulating those data with Solow growth model and basic model. Paper shows results as higher savings rate and higher gross fixed capital formation per worker lead to higher investment per person, and pull up steady-state level of capital. Moreover, increasing on literacy rate represents human capital that leads to growth of gross domestic product. Paper also benefits policymakers who are trying to implement such a policy to speed up economy in terms of economic growth and higher standard of livings including the well-being of people. en_US
dc.format.extent 5 pages en_US
dc.format.mimetype application/pdf en_US
dc.identifier.citation International Journal of Trade, Economics and Finance, Vol. 6, No. 2, April 2015, 85-89 en_US
dc.language.iso eng en_US
dc.rights.holder Suppanunta Romprasert en_US
dc.subject Capital accumulation growth en_US
dc.subject Solow growth model en_US
dc.subject Endogenous model en_US
dc.subject Sustainability en_US
dc.title Malaysia-Singapore-Thailand Capital Accumulation Growth (MST-CAG) en_US
dc.type Text en_US
mods.genre Article en_US
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