Sources of Industrial Growth Using Factor Decomposition Approach: Malaysian Experiences, 1978-87

The main objective of the study is to examine sources of industrial output growth of the Malaysian economy, which has undergone changes in its trade policy from import substitution to export orientation strategies. To fulfill this objective, sources of industrial growth are analysed by factor dec...

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Main Author:	Elameer, Ahmed Elyas
Format:	Thesis
Language:	English English
Published:	1997
Subjects:	Industries - Malaysia Malaysia - Economic conditions - 1978-87 Malaysia - Economic policy
Online Access:	http://psasir.upm.edu.my/id/eprint/8817/1/FEP_1997_1_A.pdf
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id	my-upm-ir.8817
record_format	uketd_dc
spelling	my-upm-ir.88172010-12-20T07:54:34Z Sources of Industrial Growth Using Factor Decomposition Approach: Malaysian Experiences, 1978-87 1997 Elameer, Ahmed Elyas The main objective of the study is to examine sources of industrial output growth of the Malaysian economy, which has undergone changes in its trade policy from import substitution to export orientation strategies. To fulfill this objective, sources of industrial growth are analysed by factor decomposition approach (i.e. demand side analysis) This approach decomposed output growth of each industry into its four sources namely, export expansion, import substitution, intermediate demand expansion and domestic demand expansion. Input-output tables for the years 1978, 1983 and 1987 which were published by the Department of Statistics were used in this study. The overall period between 1978 to 1987 has been divided into two sub-periods, that is 1978-1983 and 1983-987. The 1983 and 1987 tables were deflated to their 1978 constant prices using both sectoral producer price and sectoral import price indices. The results of the study indicate that the domestic demand expansion has been the dominant source of growth of the overall Malaysian economy in 1978-83. The study also shows that the industrial growth was due to the export expansion during 1983-87 and the overall period. The manufacturing sector appears to play a crucial role in the country's growth process. Its contribution to the overall economic growth has steadily increased. Most important among the manufacturing sub-sectors is the electrical machinery industry. This study concludes that while it is important to continue pursuing export oriented strategy to achieve growth objectives, it has to balance it out with an appropriate policy to reduce import of intermediate and capital goods. Industries - Malaysia Malaysia - Economic conditions - 1978-87 Malaysia - Economic policy 1997 Thesis http://psasir.upm.edu.my/id/eprint/8817/ http://psasir.upm.edu.my/id/eprint/8817/1/FEP_1997_1_A.pdf application/pdf en public masters Universiti Putra Malaysia Industries - Malaysia Malaysia - Economic conditions - 1978-87 Malaysia - Economic policy Faculty of Economics and Management English
institution	Universiti Putra Malaysia
collection	PSAS Institutional Repository
language	English English
topic	Industries - Malaysia Malaysia - Economic conditions - 1978-87 Malaysia - Economic policy
spellingShingle	Industries - Malaysia Malaysia - Economic conditions - 1978-87 Malaysia - Economic policy Elameer, Ahmed Elyas Sources of Industrial Growth Using Factor Decomposition Approach: Malaysian Experiences, 1978-87
description	The main objective of the study is to examine sources of industrial output growth of the Malaysian economy, which has undergone changes in its trade policy from import substitution to export orientation strategies. To fulfill this objective, sources of industrial growth are analysed by factor decomposition approach (i.e. demand side analysis) This approach decomposed output growth of each industry into its four sources namely, export expansion, import substitution, intermediate demand expansion and domestic demand expansion. Input-output tables for the years 1978, 1983 and 1987 which were published by the Department of Statistics were used in this study. The overall period between 1978 to 1987 has been divided into two sub-periods, that is 1978-1983 and 1983-987. The 1983 and 1987 tables were deflated to their 1978 constant prices using both sectoral producer price and sectoral import price indices. The results of the study indicate that the domestic demand expansion has been the dominant source of growth of the overall Malaysian economy in 1978-83. The study also shows that the industrial growth was due to the export expansion during 1983-87 and the overall period. The manufacturing sector appears to play a crucial role in the country's growth process. Its contribution to the overall economic growth has steadily increased. Most important among the manufacturing sub-sectors is the electrical machinery industry. This study concludes that while it is important to continue pursuing export oriented strategy to achieve growth objectives, it has to balance it out with an appropriate policy to reduce import of intermediate and capital goods.
format	Thesis
qualification_level	Master's degree
author	Elameer, Ahmed Elyas
author_facet	Elameer, Ahmed Elyas
author_sort	Elameer, Ahmed Elyas
title	Sources of Industrial Growth Using Factor Decomposition Approach: Malaysian Experiences, 1978-87
title_short	Sources of Industrial Growth Using Factor Decomposition Approach: Malaysian Experiences, 1978-87
title_full	Sources of Industrial Growth Using Factor Decomposition Approach: Malaysian Experiences, 1978-87
title_fullStr	Sources of Industrial Growth Using Factor Decomposition Approach: Malaysian Experiences, 1978-87
title_full_unstemmed	Sources of Industrial Growth Using Factor Decomposition Approach: Malaysian Experiences, 1978-87
title_sort	sources of industrial growth using factor decomposition approach: malaysian experiences, 1978-87
granting_institution	Universiti Putra Malaysia
granting_department	Faculty of Economics and Management
publishDate	1997
url	http://psasir.upm.edu.my/id/eprint/8817/1/FEP_1997_1_A.pdf
_version_	1747810876890546176

Sources of Industrial Growth Using Factor Decomposition Approach: Malaysian Experiences, 1978-87

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