Modelling the structural changes sources of the Malaysian economy

I-O model

Hussain A. Bekhet, Tahira Yasmin

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

The study explores the structural change in intermediate demand and total output for Malaysia economy through the changes in the input coefficient and Leontief inverse matrices for the period 1980 to 2013. Decomposition structural method was utilised to focus on changes in the economic structure with different levels of development over time. The economic structure is decomposed into three initial components (technology, intermediate and total output). The results show a rather remarkable degree of commonality in the patterns of growth processes, with more significant deviations between sectors compared to tables. Nevertheless, most changes within the sectors, and the Malaysian I-O table as a whole, seem to result from changes in the level of the efficiency. Technical relationship seems to have remained relatively unchanged. It seems that the economy has not moved fast enough forward, and does not seem to be oriented by, the type of exports that may sustain a dynamic industrial development, based on external markets.

Original languageEnglish
Pages (from-to)125-147
Number of pages23
JournalInternational Journal of Economics and Business Research
Volume10
Issue number2
DOIs
Publication statusPublished - 01 Jan 2015

Fingerprint

Modeling
Structural change
Economic structure
Malaysia
Industrial development
Decomposition
Deviation
Coefficients
Commonality

All Science Journal Classification (ASJC) codes

  • Business, Management and Accounting(all)
  • Economics, Econometrics and Finance(all)

Cite this

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Modelling the structural changes sources of the Malaysian economy : I-O model. / A. Bekhet, Hussain; Yasmin, Tahira.

In: International Journal of Economics and Business Research, Vol. 10, No. 2, 01.01.2015, p. 125-147.

Research output: Contribution to journalArticle

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