Main Article Content
Abstract
The purpose of this study is to kow factors that affect growth rate of production of agricultural sector in South Sumatera province. It is assumed that total factor productivity, capital, and labor determine the growth rate of output of the sector. A Cobb-Douglas production function is used to determine those factors that may influence the growth rate of output of agricultural sector. The results indicate that total factor productivity has a positive dominant effect on growth rate of production of agricultural sector, while capital and labor have a negative effect. Therefore, it suggests that the growth rate could be raised if there is a reduction in the use of capital and labor. However care should be taken because agricultural sector play an important role in absorbing labor force in South Sumatera province.
Key Words: Total Factor Productivity, Economic Growth, Agricultural sector
Article Details
Authors who publish with this journal agree to the terms:
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
Jurnal Ekonomi Pembangunan is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License..
References
- Baier, Scott L; Dwyer Jr, Gerald P; Tamura, Robert. 2006. How Important are Capital and Total Factor Productivity for Economic Growth; Economic Inquiry; Jan.; 44, 1; ABI/INFORM Research
- De, Prabir. 2006. Total Factor Productivity Growth: Indian Ports in the Era of Globalisation . Maritime Economics & Logistics, 8, (366–386).
- Dowling, Malcolm M.; Summers, Peter M. 1998. Total Factor Productivity and Economic Growth-- issues for Asia. Economic Record; Jun; 74, 225; Academic Research Library.
- Frankema, Ewout; Lindblad, J Thomas. 2006. Technological Development and Economic Growth in Indonesia and Thailand since 1950. ASEAN Economic Bulletin; Dec; 23, 3; Academic Research Library.
- Kamruzzaman, Mohd; Manos, Basil; Psychoudakis, A; Martika, M. 2006. Food policy in Bangladesh 2010: impacts of domestic wheat productivity growth. International Journal of Social Economics; 33, 3/4; ABI/INFORM Research.
- Kim, Sangho; Han, Gwangho. 2001. A decomposition of total factor productivity growth in Korean manufacturing idustries: A Stochastic Frontier Approach. Journal of Productivity Analysis; Nov; 16, 3; ABI/INFORM Research.
- Liu, Tianshu. 2007. Total Factor Productivity Growth of Mining and Quarrying Industry in China. The Business Review, Cambridge; Summer; 7, 2; ABI/INFORM Research.
- Murgai, Rinku; Ali, Mubarik; Derek Byerlee. 2001. Productivity Growth and Sustainability in post-green Revolution Agriculture: The Case of Indian and Pakistan Punjabs. The World Bank Research Observer; Fall; 16, 2; ABI/INFORM Research.
- Othman, Jamal; Jusoh, Mansor. 2001. Factor Shares, Productivity, and Sustainability of Growth in the Malaysian Agricultural Sector. ASEAN Economic Bulletin; Dec; 18, 3; Academic Research Library.
- Tang, Meng-Chi; Chyi, Yih-Luan. 2008. Legal Environments, Venture capital, and Total Factor Productivity. Contemporary Economic Policy; Jul; 26, 3; ABI/INFORM Research.
- Vasigh, Bijan; Fleming, Kenneth. 2005. A Total Factor Productivity Based Structure for Tactical Cluster Assessment: Journal of Air Transportation; 10, 1; ABI/INFORM Research.
References
Baier, Scott L; Dwyer Jr, Gerald P; Tamura, Robert. 2006. How Important are Capital and Total Factor Productivity for Economic Growth; Economic Inquiry; Jan.; 44, 1; ABI/INFORM Research
De, Prabir. 2006. Total Factor Productivity Growth: Indian Ports in the Era of Globalisation . Maritime Economics & Logistics, 8, (366–386).
Dowling, Malcolm M.; Summers, Peter M. 1998. Total Factor Productivity and Economic Growth-- issues for Asia. Economic Record; Jun; 74, 225; Academic Research Library.
Frankema, Ewout; Lindblad, J Thomas. 2006. Technological Development and Economic Growth in Indonesia and Thailand since 1950. ASEAN Economic Bulletin; Dec; 23, 3; Academic Research Library.
Kamruzzaman, Mohd; Manos, Basil; Psychoudakis, A; Martika, M. 2006. Food policy in Bangladesh 2010: impacts of domestic wheat productivity growth. International Journal of Social Economics; 33, 3/4; ABI/INFORM Research.
Kim, Sangho; Han, Gwangho. 2001. A decomposition of total factor productivity growth in Korean manufacturing idustries: A Stochastic Frontier Approach. Journal of Productivity Analysis; Nov; 16, 3; ABI/INFORM Research.
Liu, Tianshu. 2007. Total Factor Productivity Growth of Mining and Quarrying Industry in China. The Business Review, Cambridge; Summer; 7, 2; ABI/INFORM Research.
Murgai, Rinku; Ali, Mubarik; Derek Byerlee. 2001. Productivity Growth and Sustainability in post-green Revolution Agriculture: The Case of Indian and Pakistan Punjabs. The World Bank Research Observer; Fall; 16, 2; ABI/INFORM Research.
Othman, Jamal; Jusoh, Mansor. 2001. Factor Shares, Productivity, and Sustainability of Growth in the Malaysian Agricultural Sector. ASEAN Economic Bulletin; Dec; 18, 3; Academic Research Library.
Tang, Meng-Chi; Chyi, Yih-Luan. 2008. Legal Environments, Venture capital, and Total Factor Productivity. Contemporary Economic Policy; Jul; 26, 3; ABI/INFORM Research.
Vasigh, Bijan; Fleming, Kenneth. 2005. A Total Factor Productivity Based Structure for Tactical Cluster Assessment: Journal of Air Transportation; 10, 1; ABI/INFORM Research.