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Long-term growth in Malaysia: An application of endogenous neoclassical growth model

The neoclassical growth model shows that the growth of output is not determined by the saving rate, but it is constrained by the rate of growth of the labour force. Therefore, in order to increase the output growth higher than that of the labour productivity must be improved. This article attempts t...

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Main Author: Rahmah Ismail ,
Format: Article
Published: Penerbit Universiti Kebangsaan Malaysia 1999
Online Access:http://journalarticle.ukm.my/1359/
http://www.ukm.my/~penerbit
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spelling my-ukm.journal.13592011-08-16T02:00:13Z http://journalarticle.ukm.my/1359/ Long-term growth in Malaysia: An application of endogenous neoclassical growth model Rahmah Ismail , The neoclassical growth model shows that the growth of output is not determined by the saving rate, but it is constrained by the rate of growth of the labour force. Therefore, in order to increase the output growth higher than that of the labour productivity must be improved. This article attempts to test this model in the Malaysia's growth experience using data of 1970-1996. The finding from this study shows that the Malaysia's experience is in accordance with the neoclassical growth model postulation that is saving rate does not significantly determine the rate of output growth. Instead, it is determined by the growth of export, population and government expenditure on education. However, level of saving is crucial in determining level of output Penerbit Universiti Kebangsaan Malaysia 1999 Article PeerReviewed Rahmah Ismail , (1999) Long-term growth in Malaysia: An application of endogenous neoclassical growth model. Jurnal Ekonomi Malaysia, 33 . ISSN 0127-1962 http://www.ukm.my/~penerbit
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
description The neoclassical growth model shows that the growth of output is not determined by the saving rate, but it is constrained by the rate of growth of the labour force. Therefore, in order to increase the output growth higher than that of the labour productivity must be improved. This article attempts to test this model in the Malaysia's growth experience using data of 1970-1996. The finding from this study shows that the Malaysia's experience is in accordance with the neoclassical growth model postulation that is saving rate does not significantly determine the rate of output growth. Instead, it is determined by the growth of export, population and government expenditure on education. However, level of saving is crucial in determining level of output
format Article
author Rahmah Ismail ,
spellingShingle Rahmah Ismail ,
Long-term growth in Malaysia: An application of endogenous neoclassical growth model
author_facet Rahmah Ismail ,
author_sort Rahmah Ismail ,
title Long-term growth in Malaysia: An application of endogenous neoclassical growth model
title_short Long-term growth in Malaysia: An application of endogenous neoclassical growth model
title_full Long-term growth in Malaysia: An application of endogenous neoclassical growth model
title_fullStr Long-term growth in Malaysia: An application of endogenous neoclassical growth model
title_full_unstemmed Long-term growth in Malaysia: An application of endogenous neoclassical growth model
title_sort long-term growth in malaysia: an application of endogenous neoclassical growth model
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 1999
url http://journalarticle.ukm.my/1359/
http://www.ukm.my/~penerbit
_version_ 1643734996971683840
score 13.209306

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