Role of Technology Adoption, Labor Force and Capital Formation on the Rice Production in Malaysia

Abstract

Rice production is getting global attention due to its significant role in economic growth (gross domestic product), and this aspect shows its importance and needs. Thus, the current article examines the impact of technology adoption, labor force, human capital and capital formation on rice production in Malaysia. The current article extracted the secondary data from World Development Indicators (WDI) and Statista databases and extracted data from 1991 to 2020. The current study examines the unit root using the Augmented Dickey-Fuller (ADF) test and investigates the association among constructs using the autoregressive distributed lag (ARDL) model. The results indicated that technology adoption, labor force, human capital, and capital formation have a positive and significant linkage with rice production in Malaysia. This study helps the upcoming researchers in investigating this topic in the future and also guides the policymakers in establishing the policies related to rice production using technology adoption, labor force, human capital and capital formation factors.