Determinants of Structural Transformation in ASEAN
Author(s) -
Kalies Sirieh Puspitowati,
Deden Dinar Iskandar
Publication year - 2020
Publication title -
media ekonomi dan manajemen
Language(s) - English
Resource type - Journals
eISSN - 2503-4464
pISSN - 0854-1442
DOI - 10.24856/mem.v35i2.1396
Subject(s) - dependency ratio , panel data , tertiary sector of the economy , economics , per capita income , value (mathematics) , per capita , dependency (uml) , population , regression analysis , service (business) , econometrics , agriculture , international economics , business , statistics , mathematics , geography , economy , demography , systems engineering , archaeology , sociology , engineering
This study aims to analyze the determinants of the structural transformation in ASEAN countries. This study uses quantitative panel data from 9 countries in ASEAN from 2000 to 2017, thus makes up for 162 observations. This study employs panel data regression analysis with fixed effect model approach. In this study, the shifting of sectoral value added away from agriculture sectors indicates structural transformation. In particular, sectoral value added consists of the industrial value added and service value added. The results of this study shows that dependency ratio, income per capita, education, and trade significantly affect the increase of industrial value added during observation period. On the other hand, total population, dependency ratio, income per capita, education, control of corruption, and trade significantly increase the service value added over time.
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