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Identifying drivers of the Malaysian economy using policy-relevant measures

Input-output linkages and multipliers are the two measures that are frequently used to find the drivers of an economy. Deriving from these two measures based on the traditional approach fails to consider the relative sectoral sizes. This paper introduces new linkage and multiplier measures that do n...

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Main Authors: Saari, Mohd Yusof, Utit, Chakrin, Hamid, Nur Adilah, Maji, Ibrahim Kabiru, Hassan, Azman
Format: Article
Language:English
Published: Faculty of Economics & Administration, University of Malaya and Malaysian Economic Association 2017
Online Access:http://psasir.upm.edu.my/id/eprint/62075/1/Identifying%20drivers%20of%20the%20Malaysian%20economy%20using%20policy-relevant%20measures.pdf
http://psasir.upm.edu.my/id/eprint/62075/
https://mjes.um.edu.my/index.php/MJES/article/view/2607
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spelling my.upm.eprints.620752019-03-22T08:04:37Z http://psasir.upm.edu.my/id/eprint/62075/ Identifying drivers of the Malaysian economy using policy-relevant measures Saari, Mohd Yusof Utit, Chakrin Hamid, Nur Adilah Maji, Ibrahim Kabiru Hassan, Azman Input-output linkages and multipliers are the two measures that are frequently used to find the drivers of an economy. Deriving from these two measures based on the traditional approach fails to consider the relative sectoral sizes. This paper introduces new linkage and multiplier measures that do not solely adjust for the relative sizes, but also extend the measures for policy-relevant indicators in Malaysia. Comparing the results between the traditional approach and the new approach, there is a clear indication that the former incorrectly identified the drivers of the Malaysian economy. The traditional approach not only introduced bias in linkages, but also overestimated the actual size of the multipliers. The new linkage and multiplier measures that were developed in this paper can be applied for other economies in finding key drivers for specific policy goals. Faculty of Economics & Administration, University of Malaya and Malaysian Economic Association 2017 Article NonPeerReviewed text en http://psasir.upm.edu.my/id/eprint/62075/1/Identifying%20drivers%20of%20the%20Malaysian%20economy%20using%20policy-relevant%20measures.pdf Saari, Mohd Yusof and Utit, Chakrin and Hamid, Nur Adilah and Maji, Ibrahim Kabiru and Hassan, Azman (2017) Identifying drivers of the Malaysian economy using policy-relevant measures. Malaysian Journal of Economic Studies, 54 (1). pp. 23-40. ISSN 1511-4554 https://mjes.um.edu.my/index.php/MJES/article/view/2607 10.22452/MJES.vol54no1.2
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 Input-output linkages and multipliers are the two measures that are frequently used to find the drivers of an economy. Deriving from these two measures based on the traditional approach fails to consider the relative sectoral sizes. This paper introduces new linkage and multiplier measures that do not solely adjust for the relative sizes, but also extend the measures for policy-relevant indicators in Malaysia. Comparing the results between the traditional approach and the new approach, there is a clear indication that the former incorrectly identified the drivers of the Malaysian economy. The traditional approach not only introduced bias in linkages, but also overestimated the actual size of the multipliers. The new linkage and multiplier measures that were developed in this paper can be applied for other economies in finding key drivers for specific policy goals.
format Article
author Saari, Mohd Yusof
Utit, Chakrin
Hamid, Nur Adilah
Maji, Ibrahim Kabiru
Hassan, Azman
spellingShingle Saari, Mohd Yusof
Utit, Chakrin
Hamid, Nur Adilah
Maji, Ibrahim Kabiru
Hassan, Azman
Identifying drivers of the Malaysian economy using policy-relevant measures
author_facet Saari, Mohd Yusof
Utit, Chakrin
Hamid, Nur Adilah
Maji, Ibrahim Kabiru
Hassan, Azman
author_sort Saari, Mohd Yusof
title Identifying drivers of the Malaysian economy using policy-relevant measures
title_short Identifying drivers of the Malaysian economy using policy-relevant measures
title_full Identifying drivers of the Malaysian economy using policy-relevant measures
title_fullStr Identifying drivers of the Malaysian economy using policy-relevant measures
title_full_unstemmed Identifying drivers of the Malaysian economy using policy-relevant measures
title_sort identifying drivers of the malaysian economy using policy-relevant measures
publisher Faculty of Economics & Administration, University of Malaya and Malaysian Economic Association
publishDate 2017
url http://psasir.upm.edu.my/id/eprint/62075/1/Identifying%20drivers%20of%20the%20Malaysian%20economy%20using%20policy-relevant%20measures.pdf
http://psasir.upm.edu.my/id/eprint/62075/
https://mjes.um.edu.my/index.php/MJES/article/view/2607
_version_ 1643837663271190528
score 13.211869

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