From Farms to Factories and Firms : Structural Transformation and Labor Productivity Growth in Malaysia
03/05/2021 | 01:23am EDT
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Message : This study aims to provide a quantitative and integrated analysis of long-term structural transformation and labor productivity growth in Malaysia. Using data from the Department of Statistics Malaysia from 1987 to 2018 and decompositions that take account of the static and dynamic efficiency gains from labor reallocation, it documents that Malaysia has undergone structural transformation from an agriculture-driven to a services-driven economy. However, in contrast to common perceptions, the country s impressive growth in output per capita over the past three decades can largely be attributed not to its structural transformation but instead to sustained growth in within-sector labor productivity. At 3 percent, the contribution of between-sector reallocation of labor to growth in output per capita in Malaysia has
JOB losses have been one of the undesired side effects of the Covid-19 pandemic.
This phenomenon could continue to cause insecurity in people about their jobs as they continuously evaluate the future of the industries in which they work.
Future survivability of industries within the new normal will continue to keep people on edge, as a real recovery from this slump could lie further ahead than had been initially thought as a truly proven and safe vaccine may take a longer time to be realised.
At this juncture, World Bank Group economist Amanina Abdur Rahman tells StarBiz that there are certain groups of people and industries who are more vulnerable to job losses during these challenging times.
Published on: Saturday, December 12, 2020
By: Bernama
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Kuala Lumpur: Socio-economic impacts from the Covid-19 pandemic have revealed that social protection in Malaysia is minimal compared with high income and upper middle-income countries.
This issue was highlighted by University Malaya Social Wellbeing Research Centre (SWRC) director Datuk Emeritus Prof Dr Norma Mansor in a webinar entitled “Safeguarding Malaysian workers and households: Impacts and avenues for Malaysia’s social protection in Covid-19 and beyond” that was held Friday.
The webinar was organised by the Institute of Strategic and International Studies (ISIS) Malaysia.
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Norma said the social protection inequality in Malaysia was due to several reasons, including low tax revenue and income disparity. “Compared to other countries, Malaysia’s social expenditure to the percentage of the gross domestic product (GDP) is notably lower than the high-income and upper middle-income
Friday, 11 Dec 2020 03:59 PM MYT
People wearing face masks are pictured walking along Jalan Ampang in Kuala Lumpur September 30, 2020. Picture by Shafwan Zaidon
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PUTRAJAYA, Dec 11 Socio-economic impacts from the Covid-19 pandemic have revealed that social protection in Malaysia is minimal compared with high income and upper middle-income countries.
This issue was highlighted by University Malaya Social Wellbeing Research Centre (SWRC) director Datuk Emeritus Prof Dr Norma Mansor in a webinar entitled ”Safeguarding Malaysian workers and households: Impacts and avenues for Malaysia’s social protection in Covid-19 and beyond” that was held today.
Malaysia s social protection at minimal level, say experts thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.