Minimum Wage Policy Effects on Economic Growth
The purpose of this study is to examine the relationship between minimum wage policy and economic growth for the period 2000 – 2005. To achieve the objective, we estimate a growth model by employing the panel ordinary least square (OLS) and panel estimated generalized least square (EGLS) method. A s...
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| Language: | en en |
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2012
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| Online Access: | https://etd.uum.edu.my/3585/1/s808261.pdf https://etd.uum.edu.my/3585/8/s808261.pdf https://etd.uum.edu.my/3585/ |
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| author | Siti Nur Aishah, Mohd Hashim |
| author_facet | Siti Nur Aishah, Mohd Hashim |
| author_sort | Siti Nur Aishah, Mohd Hashim |
| building | UUM Library |
| collection | Institutional Repository |
| content_provider | Universiti Utara Malaysia |
| content_source | UUM Electronic Theses |
| continent | Asia |
| country | Malaysia |
| description | The purpose of this study is to examine the relationship between minimum wage policy and economic growth for the period 2000 – 2005. To achieve the objective, we estimate a growth model by employing the panel ordinary least square (OLS) and panel estimated generalized least square (EGLS) method. A sample consists of 61 countries with and without minimum wage and 33 were used in this study. For the minimum wage measure, we used minimum wage dummy, excess wage and minimum wage ratio to GDP as separate variables. We also include additional variables namely initial GDP, population growth, investment, trade openness, government expenditure and gross enrolment ratio. The results of the study show that, first, countries with minimum wage policy have higher economic growth. Second, the level of minimum wage does not affect economic growth for the countries that have the minimum wage policy. Based on the findings, countries should implement minimum wage policy since it would increase income for the worker and at the same time have positive effect on economic growth. The results also support the minimum wage policy that will be implemented in Malaysia. |
| format | Thesis |
| id | my.uum.etd-3585 |
| institution | Universiti Utara Malaysia |
| language | en en |
| publishDate | 2012 |
| record_format | eprints |
| spelling | my.uum.etd-35852023-03-19T01:16:19Z https://etd.uum.edu.my/3585/ Minimum Wage Policy Effects on Economic Growth Siti Nur Aishah, Mohd Hashim HB Economic Theory The purpose of this study is to examine the relationship between minimum wage policy and economic growth for the period 2000 – 2005. To achieve the objective, we estimate a growth model by employing the panel ordinary least square (OLS) and panel estimated generalized least square (EGLS) method. A sample consists of 61 countries with and without minimum wage and 33 were used in this study. For the minimum wage measure, we used minimum wage dummy, excess wage and minimum wage ratio to GDP as separate variables. We also include additional variables namely initial GDP, population growth, investment, trade openness, government expenditure and gross enrolment ratio. The results of the study show that, first, countries with minimum wage policy have higher economic growth. Second, the level of minimum wage does not affect economic growth for the countries that have the minimum wage policy. Based on the findings, countries should implement minimum wage policy since it would increase income for the worker and at the same time have positive effect on economic growth. The results also support the minimum wage policy that will be implemented in Malaysia. 2012 Thesis NonPeerReviewed text en https://etd.uum.edu.my/3585/1/s808261.pdf text en https://etd.uum.edu.my/3585/8/s808261.pdf Siti Nur Aishah, Mohd Hashim (2012) Minimum Wage Policy Effects on Economic Growth. Masters thesis, Universiti Utara Malaysia. |
| spellingShingle | HB Economic Theory Siti Nur Aishah, Mohd Hashim Minimum Wage Policy Effects on Economic Growth |
| title | Minimum Wage Policy Effects on Economic Growth |
| title_full | Minimum Wage Policy Effects on Economic Growth |
| title_fullStr | Minimum Wage Policy Effects on Economic Growth |
| title_full_unstemmed | Minimum Wage Policy Effects on Economic Growth |
| title_short | Minimum Wage Policy Effects on Economic Growth |
| title_sort | minimum wage policy effects on economic growth |
| topic | HB Economic Theory |
| url | https://etd.uum.edu.my/3585/1/s808261.pdf https://etd.uum.edu.my/3585/8/s808261.pdf https://etd.uum.edu.my/3585/ |
| url_provider | http://etd.uum.edu.my/ |