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Cadangan model teoritikal bagi menilai kecekapan pelaburan dalam pembangunan Tanah Rizab Melayu

The Malay Reserve (land) accounts for 33.55% of productive land in Malaysia. Unfortunately, several studies have shown that the owners of such a massive source of productive resource are not able to develop its full economic potential. The solution to this inefficient utilisation of resource require...

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Main Authors: Md. Nor, Nor Ghani, Zaidi, Mohd Azlan Shah, Abdullah, Ahmad Zainuddin
Format: Article
Language:English
Published: Universiti Putra Malaysia Press 1999
Online Access:http://psasir.upm.edu.my/id/eprint/3220/1/Cadangan_Model_Teoritikal_bagi_Menilai_Kecekapan_Pelaburan.pdf
http://psasir.upm.edu.my/id/eprint/3220/
http://www.pertanika.upm.edu.my/view_archives.php?journal=JSSH-7-2-9
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spelling my.upm.eprints.32202015-09-10T07:15:30Z http://psasir.upm.edu.my/id/eprint/3220/ Cadangan model teoritikal bagi menilai kecekapan pelaburan dalam pembangunan Tanah Rizab Melayu Md. Nor, Nor Ghani Zaidi, Mohd Azlan Shah Abdullah, Ahmad Zainuddin The Malay Reserve (land) accounts for 33.55% of productive land in Malaysia. Unfortunately, several studies have shown that the owners of such a massive source of productive resource are not able to develop its full economic potential. The solution to this inefficient utilisation of resource requires a theory capable of explaining the source of the problem. Even though several ideas have been put forward to explain this phenomenon, few if any, are based on rigorous economic theory. This paper proposes a simple (but rigorous) theory to explain why economically rational owners of the Malay Reserve land make suboptimal investment for the development of their land. In doing so, the theory explains the underdevelopment of the Malay Reserve land. It was found that transaction cost and opportunism arising from multiple ownership and small numbers bargaining are the major factors contributing to underdevelopment of Malay Reserve land. Universiti Putra Malaysia Press 1999-09 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/3220/1/Cadangan_Model_Teoritikal_bagi_Menilai_Kecekapan_Pelaburan.pdf Md. Nor, Nor Ghani and Zaidi, Mohd Azlan Shah and Abdullah, Ahmad Zainuddin (1999) Cadangan model teoritikal bagi menilai kecekapan pelaburan dalam pembangunan Tanah Rizab Melayu. Pertanika Journal of Social Sciences & Humanities, 7 (2). pp. 97-102. ISSN 0128-7702; ESSN: 2231-8534 http://www.pertanika.upm.edu.my/view_archives.php?journal=JSSH-7-2-9
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description The Malay Reserve (land) accounts for 33.55% of productive land in Malaysia. Unfortunately, several studies have shown that the owners of such a massive source of productive resource are not able to develop its full economic potential. The solution to this inefficient utilisation of resource requires a theory capable of explaining the source of the problem. Even though several ideas have been put forward to explain this phenomenon, few if any, are based on rigorous economic theory. This paper proposes a simple (but rigorous) theory to explain why economically rational owners of the Malay Reserve land make suboptimal investment for the development of their land. In doing so, the theory explains the underdevelopment of the Malay Reserve land. It was found that transaction cost and opportunism arising from multiple ownership and small numbers bargaining are the major factors contributing to underdevelopment of Malay Reserve land.
format Article
author Md. Nor, Nor Ghani
Zaidi, Mohd Azlan Shah
Abdullah, Ahmad Zainuddin
spellingShingle Md. Nor, Nor Ghani
Zaidi, Mohd Azlan Shah
Abdullah, Ahmad Zainuddin
Cadangan model teoritikal bagi menilai kecekapan pelaburan dalam pembangunan Tanah Rizab Melayu
author_facet Md. Nor, Nor Ghani
Zaidi, Mohd Azlan Shah
Abdullah, Ahmad Zainuddin
author_sort Md. Nor, Nor Ghani
title Cadangan model teoritikal bagi menilai kecekapan pelaburan dalam pembangunan Tanah Rizab Melayu
title_short Cadangan model teoritikal bagi menilai kecekapan pelaburan dalam pembangunan Tanah Rizab Melayu
title_full Cadangan model teoritikal bagi menilai kecekapan pelaburan dalam pembangunan Tanah Rizab Melayu
title_fullStr Cadangan model teoritikal bagi menilai kecekapan pelaburan dalam pembangunan Tanah Rizab Melayu
title_full_unstemmed Cadangan model teoritikal bagi menilai kecekapan pelaburan dalam pembangunan Tanah Rizab Melayu
title_sort cadangan model teoritikal bagi menilai kecekapan pelaburan dalam pembangunan tanah rizab melayu
publisher Universiti Putra Malaysia Press
publishDate 1999
url http://psasir.upm.edu.my/id/eprint/3220/1/Cadangan_Model_Teoritikal_bagi_Menilai_Kecekapan_Pelaburan.pdf
http://psasir.upm.edu.my/id/eprint/3220/
http://www.pertanika.upm.edu.my/view_archives.php?journal=JSSH-7-2-9
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score 13.211869

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