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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Institution:	Universiti Kebangsaan Malaysia

id	my-ukm.journal.1359
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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

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

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