Contribution of TFP to economic growth of Dong Thap province: Current status and scenarios for the period 2021 - 2025

The study aims to analyze the contribution of Total Factor Productivity (TFP) in Dong Thap ’province’s economic growth using the Cobb-Douglas production function method, based on the data from 2000 - 2020. The study results show that the contribution of capital (ε_K) is 0.3524, the contribution of l...

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Autores principales:	Dang Hoang Minh Quan, Nguyen Kim Phuoc
Formato:	article
Lenguaje:	EN
Publicado:	HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE 2021
Materias:	dong thap province economic growth tfp total factor productivity Economic theory. Demography HB1-3840
Acceso en línea:	https://doaj.org/article/a9654e4342ca408f86306e102219e7c2
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spelling	oai:doaj.org-article:a9654e4342ca408f86306e102219e7c22021-11-15T08:44:54ZContribution of TFP to economic growth of Dong Thap province: Current status and scenarios for the period 2021 - 20252734-93142734-958610.46223/HCMCOUJS.econ.en.11.2.1461.2021https://doaj.org/article/a9654e4342ca408f86306e102219e7c22021-08-01T00:00:00Zhttps://journalofscience.ou.edu.vn/index.php/econ-en/article/view/1461https://doaj.org/toc/2734-9314https://doaj.org/toc/2734-9586The study aims to analyze the contribution of Total Factor Productivity (TFP) in Dong Thap ’province’s economic growth using the Cobb-Douglas production function method, based on the data from 2000 - 2020. The study results show that the contribution of capital (ε_K) is 0.3524, the contribution of labor (ε_L) is 0.6476. Dong Thap province’s average TFP growth rate in each period of 05 years 2011 - 2015 and 2016 - 2020 is 2.31% per year and 1.93% per year, respectively, and ’TFP’s contribution to economic growth is 34.51% and 30.01%, respectively. Based on the status analysis of the period 2011 - 2015 and 2016 - 2020, the study proposes four growth scenarios associated with four productivity orientations for Dong Thap province in 2021 - 2025. This ’study’s results are the basis for organizational policies and orientations for socio-economic development, proposing provincial development guidelines and plans to 2025, oriented to 2030.Dang Hoang Minh QuanNguyen Kim PhuocHO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCEarticledong thap provinceeconomic growthtfptotal factor productivityEconomic theory. DemographyHB1-3840ENHo Chi Minh City Open University Journal of Science - Economics and Business Administration, Vol 11, Iss 2, Pp 53-66 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	dong thap province economic growth tfp total factor productivity Economic theory. Demography HB1-3840
spellingShingle	dong thap province economic growth tfp total factor productivity Economic theory. Demography HB1-3840 Dang Hoang Minh Quan Nguyen Kim Phuoc Contribution of TFP to economic growth of Dong Thap province: Current status and scenarios for the period 2021 - 2025
description	The study aims to analyze the contribution of Total Factor Productivity (TFP) in Dong Thap ’province’s economic growth using the Cobb-Douglas production function method, based on the data from 2000 - 2020. The study results show that the contribution of capital (ε_K) is 0.3524, the contribution of labor (ε_L) is 0.6476. Dong Thap province’s average TFP growth rate in each period of 05 years 2011 - 2015 and 2016 - 2020 is 2.31% per year and 1.93% per year, respectively, and ’TFP’s contribution to economic growth is 34.51% and 30.01%, respectively. Based on the status analysis of the period 2011 - 2015 and 2016 - 2020, the study proposes four growth scenarios associated with four productivity orientations for Dong Thap province in 2021 - 2025. This ’study’s results are the basis for organizational policies and orientations for socio-economic development, proposing provincial development guidelines and plans to 2025, oriented to 2030.
format	article
author	Dang Hoang Minh Quan Nguyen Kim Phuoc
author_facet	Dang Hoang Minh Quan Nguyen Kim Phuoc
author_sort	Dang Hoang Minh Quan
title	Contribution of TFP to economic growth of Dong Thap province: Current status and scenarios for the period 2021 - 2025
title_short	Contribution of TFP to economic growth of Dong Thap province: Current status and scenarios for the period 2021 - 2025
title_full	Contribution of TFP to economic growth of Dong Thap province: Current status and scenarios for the period 2021 - 2025
title_fullStr	Contribution of TFP to economic growth of Dong Thap province: Current status and scenarios for the period 2021 - 2025
title_full_unstemmed	Contribution of TFP to economic growth of Dong Thap province: Current status and scenarios for the period 2021 - 2025
title_sort	contribution of tfp to economic growth of dong thap province: current status and scenarios for the period 2021 - 2025
publisher	HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE
publishDate	2021
url	https://doaj.org/article/a9654e4342ca408f86306e102219e7c2
work_keys_str_mv	AT danghoangminhquan contributionoftfptoeconomicgrowthofdongthapprovincecurrentstatusandscenariosfortheperiod20212025 AT nguyenkimphuoc contributionoftfptoeconomicgrowthofdongthapprovincecurrentstatusandscenariosfortheperiod20212025
_version_	1718428514817933312

Contribution of TFP to economic growth of Dong Thap province: Current status and scenarios for the period 2021 - 2025

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