UPSI Digital Repository (UDRep)
|
UPSI Digital Repository (UDRep)
|
|
|
|
||||||||||||||||||||||||||||
| Abstract : Perpustakaan Tuanku Bainun |
| Under the Economic Transformation Program (ETP), three sub-sectors of National Key Economic Areas (NKEAs) have been identified, i.e. petroleum, oil palm and the electrical and electronics sub-sectors. The importance of NKEAs sub-sector to sustain the performance of the Malaysian economy inspired this study to examine the relationship between high skilled labour and its productivity level. Specifically, this paper focuses on the impact of highly skilled labour on productivity levels in sub-sectors of the NKEAs. Highly skilled labour consists of labour from the managerial and professional category, and, semi-skilled labour is the technical and supervisory category. This study utilizes data from Industrial Manufacturing Survey published by the Department of Statistics Malaysia, covering the period from 1985 to 2010. The results show that highly-skilled labour contributes significantly to the productivity of the overall NKEAs, and each sub-sector of the NKEA, except palm oil. Under the NKEAs sub-sectors, it shows only petroleum has a significant contribution to the productivity level both in the managerial and professional category also, technical and supervisory labour. Meanwhile, in the electrical and electronics industry, only managerial and professional labour has contributed significantly. However, in palm oil industry, unskilled labour has a significant contribution to the productivity level. In addition, this study also finds that capital intensity is important in affecting the productivity of the NKEAs sub sectors as well as the productivity of the manufacturing sector.
Keywords High skilled labour, labour productivity, National Key Economic Areas |
| References |
Afrooz, A., Khalid, A. R., Zaleha, M. N., & Chin, L., 2010. Human Capital and Labor Productivity in Foodindustries of Iran, International Journal of Economics and Finance, 2(4): 47-51.
Aggrey, N., Eliab, L., & Joseph, S., 2010. Human Capital and Labor Productivity in East African Manufacturing. Current Research Journal of Economic Theory, 2(2): 48–54.
Almeida, R., & Carneiro, P., 2008. The Return to Firm Investments in Human Capital. Social Protection Discussion Papers 44947. Washington D.C: The World Bank.
Ark, Bart Van; O’Mahony, M., and Timmer, M.P., 2008. The Productivity Gap between Europe and The United States: Trends and Causes. Journal of Economic Perspective, 22(1): 25–44.
Ballot, G., Fakhfakh, F., and F. Taymaz, E., 2001. Firms’ Human Capital, R & D and Performance: A study on French and Swedish Firms. Labour Economics, 8(4): 443– 462.
Becker, Gary, S., 1964. Humancapital: A Theoretical and Empirical Analysis, with Special Reference to Education. New York: National Bureau of Economic Research.
Becker, Gary, S., 1994. Humancapital: A Theoretical and Empirical Analysis with Special Reference to Education. Third Edition. Chicago: University of Chicago Press.
Benhabib, J. & Spiegel, Mark M., 1994. The Role of Human Capital in Economic Development Evidence from Aggregate Cross-country Data. Journal of Monetary Economics, 34(2): 143–173.
Bureau of Labor Statistics, 2011. International Labor Comparisons. Washington, DC: The United States. http://www.bls.gov/fls/
Chi, W., 2008. The Role of Human Capital in China’s Economic Development: Review and New Evidence. China Economic Review, 19(3): 421–436.
Idris, J. and Rahmah, I., 2010. Impact of Labour Quality on Labour Productivity and Economic Growth. African Journal of Business Management, 4(4):486–495. Department of Statistics Malaysia. Various Years. Industrial Manufacturing Survey. Kuala Lumpur: Putrajaya.
Malaysia, 2001. The Eight Malaysia Plan, 2001-2005. Kuala Lumpur: The National Printing Bhd.
Malaysia, 2006. The Ninth Malaysia Plan, 2006-2010. Kuala Lumpur: The National Printing Bhd.
Malaysia, 2010. The Tenth Malaysia Plan 2011-2015. Kuala Lumpur: The National Printing Bhd.
Malaysian Productivity Corporation, 2010. Productivity Report 2009. Kuala Lumpur: PetalingJaya.
Mincer, J., 1976. Progress in Human Capital Analysis of the Distribution of Earnings. In The Personal Distribution of Incomes, A. B. Atkinson (ed.), London: George Allen and Unwin, 136–192.
Minekitaki, K., Takemura, T., 2010. The Productivity and Human Capital in the Japanese Software Industry: The View of Service Innovation. American Journal of Economics and Business Administration, 2(1): 73–77.
MITI, 1996. Pelan Induk Perindustrian Kedua. Kuala Lumpur: The National Printing Bhd.
MITI, 1996. Pelan Induk Perindustrian Ketiga. Kuala Lumpur: The National Printing Bhd.
Mahmood, M., 2008. Labour Productivity and Employment in Australian Manufacturing SMEs. International Entrepreneurship and Management Journal, 4(1):51–62.
Schultz, T.W., 1961. Investment in Human Capital. American Economic Review, 51(1): 1–17.
Unit Pengurusan Prestasi dan Perlaksanaan (Pemandu), 2011.www.pemandu.gov. my.
World Bank, 1993. The East Asian Miracle: Economic Growth and Public Policy. World Bank Policy Research Reports. Washington, DC: The World Bank
|
| This material may be protected under Copyright Act which governs the making of photocopies or reproductions of copyrighted materials. You may use the digitized material for private study, scholarship, or research. |