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Essay Details:
Essay text:
This improvement presumably reflects
to some extent the success of government policy changes which have taken
place since 1985. Still, the growth of the Malaysian manufacturing sector was
governed by the input-driven growth rather than the productivity-driven
growth.
JEL classification: D24
Key words: Total factor productivity, Heavy industry, Government policy
1. INTRODUCTION
The growth of an economy is governed by two distinct sources of
growth that is, input?? driven and productivity?? driven. The input?? driven
IIUM Journal of Economics and Management 12, no.2 (2004):
© 2004 by The International Islamic University Malaysia
2 IIUM Journal of Economics & Management 12, no...
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