Productivity Unplugged : The Challenges of Malaysia's Transition into a High-Income Country

As Malaysia continues to strive toward high-income status, accelerating productivity growth has become the country’s central economic policy challenge. Productivity growth has become increasingly important as the country’s traditional economic engi...

Full description

Bibliographic Details
Main Author:	World Bank Group
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	PRODUCTIVITY FIRM PRODUCTIVITY LABOR PRODUCTIVITY INFRASTRUCTURE LABOR MARKET FINANCIAL MARKETS INNOVATION LABOR SKILLS EDUCATION POLICY EQUITY SKILLS DEVELOPMENT EDUCATION SPENDING TECHNICAL AND VOCATIONAL EDUCATION VOCATIONAL TRAINING TECHNICAL TRAINING TVET
Online Access:	http://documents.worldbank.org/curated/en/185861527855417221/Productivity-unplugged-the-challenges-of-Malaysias-transition-into-a-high-income-country http://hdl.handle.net/10986/29869

id	okr-10986-29869
recordtype	oai_dc
spelling	okr-10986-298692021-05-25T09:14:43Z Productivity Unplugged : The Challenges of Malaysia's Transition into a High-Income Country World Bank Group PRODUCTIVITY FIRM PRODUCTIVITY LABOR PRODUCTIVITY INFRASTRUCTURE LABOR MARKET FINANCIAL MARKETS INNOVATION LABOR SKILLS EDUCATION POLICY EQUITY SKILLS DEVELOPMENT EDUCATION SPENDING TECHNICAL AND VOCATIONAL EDUCATION VOCATIONAL TRAINING TECHNICAL TRAINING TVET As Malaysia continues to strive toward high-income status, accelerating productivity growth has become the country’s central economic policy challenge. Productivity growth has become increasingly important as the country’s traditional economic engines have slowed. Declining oil and gas output, coupled with the slowing growth of the Malaysian mining sector, has reduced the pace of capital accumulation, while demographic trends are slowing the growth of the labor force. Demographic trends underscore the vital importance of productivity growth to the continued development of the Malaysian economy. Malaysia’s demographic transition is inhibiting the expansion of the labor supply, and female labor-force participation is low by the standards of comparable countries. Weakening external demand and intensifying global competition in Malaysia’s key export industries confirm the necessity of increasing productivity levels. The report presents an empirical analysis of the role of productivity in the Malaysian economy. It evaluates the country’s institutional and policy framework, and identifies key constraints to productivity growth. Using time-series data and cross-country comparisons, the report examines the ways in which infrastructure and institutional quality, market efficiency, innovation, and workforce skills influence productivity in Malaysia. This analysis is designed to inform a productivity-focused economic agenda, and the report concludes by presenting a set of policy recommendations and institutional reforms designed to bolster long-run productivity growth. 2018-06-18T15:00:33Z 2018-06-18T15:00:33Z 2018-06 Report http://documents.worldbank.org/curated/en/185861527855417221/Productivity-unplugged-the-challenges-of-Malaysias-transition-into-a-high-income-country http://hdl.handle.net/10986/29869 English The Malaysian Development Experience Series; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: General Economy, Macroeconomics, and Growth Study Economic & Sector Work East Asia and Pacific Malaysia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	PRODUCTIVITY FIRM PRODUCTIVITY LABOR PRODUCTIVITY INFRASTRUCTURE LABOR MARKET FINANCIAL MARKETS INNOVATION LABOR SKILLS EDUCATION POLICY EQUITY SKILLS DEVELOPMENT EDUCATION SPENDING TECHNICAL AND VOCATIONAL EDUCATION VOCATIONAL TRAINING TECHNICAL TRAINING TVET
spellingShingle	PRODUCTIVITY FIRM PRODUCTIVITY LABOR PRODUCTIVITY INFRASTRUCTURE LABOR MARKET FINANCIAL MARKETS INNOVATION LABOR SKILLS EDUCATION POLICY EQUITY SKILLS DEVELOPMENT EDUCATION SPENDING TECHNICAL AND VOCATIONAL EDUCATION VOCATIONAL TRAINING TECHNICAL TRAINING TVET World Bank Group Productivity Unplugged : The Challenges of Malaysia's Transition into a High-Income Country
geographic_facet	East Asia and Pacific Malaysia
relation	The Malaysian Development Experience Series;
description	As Malaysia continues to strive toward high-income status, accelerating productivity growth has become the country’s central economic policy challenge. Productivity growth has become increasingly important as the country’s traditional economic engines have slowed. Declining oil and gas output, coupled with the slowing growth of the Malaysian mining sector, has reduced the pace of capital accumulation, while demographic trends are slowing the growth of the labor force. Demographic trends underscore the vital importance of productivity growth to the continued development of the Malaysian economy. Malaysia’s demographic transition is inhibiting the expansion of the labor supply, and female labor-force participation is low by the standards of comparable countries. Weakening external demand and intensifying global competition in Malaysia’s key export industries confirm the necessity of increasing productivity levels. The report presents an empirical analysis of the role of productivity in the Malaysian economy. It evaluates the country’s institutional and policy framework, and identifies key constraints to productivity growth. Using time-series data and cross-country comparisons, the report examines the ways in which infrastructure and institutional quality, market efficiency, innovation, and workforce skills influence productivity in Malaysia. This analysis is designed to inform a productivity-focused economic agenda, and the report concludes by presenting a set of policy recommendations and institutional reforms designed to bolster long-run productivity growth.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Productivity Unplugged : The Challenges of Malaysia's Transition into a High-Income Country
title_short	Productivity Unplugged : The Challenges of Malaysia's Transition into a High-Income Country
title_full	Productivity Unplugged : The Challenges of Malaysia's Transition into a High-Income Country
title_fullStr	Productivity Unplugged : The Challenges of Malaysia's Transition into a High-Income Country
title_full_unstemmed	Productivity Unplugged : The Challenges of Malaysia's Transition into a High-Income Country
title_sort	productivity unplugged : the challenges of malaysia's transition into a high-income country
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/185861527855417221/Productivity-unplugged-the-challenges-of-Malaysias-transition-into-a-high-income-country http://hdl.handle.net/10986/29869
_version_	1764470591133319168

Productivity Unplugged : The Challenges of Malaysia's Transition into a High-Income Country

Similar Items