The Role of Manufacturing Exports in the Economic Development in Malaysia
The purpose of this paper is to assess the role of manufacturing exports in the growth of the Malaysian economy. The greater the growth rate of manufacturing production, the greater the overall growth rate of economic products. Regression and correlation methods were used to achieve the study object...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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HRMARS
2021
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| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/32041/1/The%20Role%20of%20Manufacturing%20Exports%20in%20the%20Economic.pdf |
| _version_ | 1796994726197460992 |
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| author | Martin, Tulasi Muhammad Ashraf, Fauzi Nallaluthan, Kesavan Balasundran, Komathy |
| author_facet | Martin, Tulasi Muhammad Ashraf, Fauzi Nallaluthan, Kesavan Balasundran, Komathy |
| author_sort | Martin, Tulasi |
| collection | UMP |
| description | The purpose of this paper is to assess the role of manufacturing exports in the growth of the Malaysian economy. The greater the growth rate of manufacturing production, the greater the overall growth rate of economic products. Regression and correlation methods were used to achieve the study objectives. Secondary data used to estimate empirical models in this study were obtained from the statistical publications of the World Bank and Asian Development Bank (ADB). The data covered the period of 1981-2015. The study findings used regression analysis indicated that there were positive and significant influences of industrial output and exports on economic growth in Malaysia. The findings used correlation analysis indicated that there was a positive and significant relationship between the level of the manufacturing sector and exports that contributes to economic growth in Malaysia. The impact of this study will be discussed in its managerial perspectives. Implications are the need of taking restructuring measures in the manufacturing sector to enhance productivity growth and exports. These factors were expected to give an important contribution to the growth of Gross Domestic Product (GDP) in Malaysia. The government has to identify the weaknesses that exist in the manufacturing sector and exports. |
| first_indexed | 2024-03-06T12:51:55Z |
| format | Article |
| id | UMPir32041 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2024-03-06T12:51:55Z |
| publishDate | 2021 |
| publisher | HRMARS |
| record_format | dspace |
| spelling | UMPir320412021-09-15T04:51:01Z http://umpir.ump.edu.my/id/eprint/32041/ The Role of Manufacturing Exports in the Economic Development in Malaysia Martin, Tulasi Muhammad Ashraf, Fauzi Nallaluthan, Kesavan Balasundran, Komathy HD Industries. Land use. Labor The purpose of this paper is to assess the role of manufacturing exports in the growth of the Malaysian economy. The greater the growth rate of manufacturing production, the greater the overall growth rate of economic products. Regression and correlation methods were used to achieve the study objectives. Secondary data used to estimate empirical models in this study were obtained from the statistical publications of the World Bank and Asian Development Bank (ADB). The data covered the period of 1981-2015. The study findings used regression analysis indicated that there were positive and significant influences of industrial output and exports on economic growth in Malaysia. The findings used correlation analysis indicated that there was a positive and significant relationship between the level of the manufacturing sector and exports that contributes to economic growth in Malaysia. The impact of this study will be discussed in its managerial perspectives. Implications are the need of taking restructuring measures in the manufacturing sector to enhance productivity growth and exports. These factors were expected to give an important contribution to the growth of Gross Domestic Product (GDP) in Malaysia. The government has to identify the weaknesses that exist in the manufacturing sector and exports. HRMARS 2021 Article PeerReviewed pdf en cc_by_4 http://umpir.ump.edu.my/id/eprint/32041/1/The%20Role%20of%20Manufacturing%20Exports%20in%20the%20Economic.pdf Martin, Tulasi and Muhammad Ashraf, Fauzi and Nallaluthan, Kesavan and Balasundran, Komathy (2021) The Role of Manufacturing Exports in the Economic Development in Malaysia. International Journal of Academic Research in Economics and Management Sciences, 10 (2). pp. 92-109. ISSN 2226-3624. (Published) https://hrmars.com/papers/detail/IJAREMS/10099/The-Role-of-Manufacturing-Exports-in-the-Economic-Development-in-Malaysia http://dx.doi.org/10.6007/IJAREMS/v10-i2/10099 |
| spellingShingle | HD Industries. Land use. Labor Martin, Tulasi Muhammad Ashraf, Fauzi Nallaluthan, Kesavan Balasundran, Komathy The Role of Manufacturing Exports in the Economic Development in Malaysia |
| title | The Role of Manufacturing Exports in the Economic Development in Malaysia |
| title_full | The Role of Manufacturing Exports in the Economic Development in Malaysia |
| title_fullStr | The Role of Manufacturing Exports in the Economic Development in Malaysia |
| title_full_unstemmed | The Role of Manufacturing Exports in the Economic Development in Malaysia |
| title_short | The Role of Manufacturing Exports in the Economic Development in Malaysia |
| title_sort | role of manufacturing exports in the economic development in malaysia |
| topic | HD Industries. Land use. Labor |
| url | http://umpir.ump.edu.my/id/eprint/32041/1/The%20Role%20of%20Manufacturing%20Exports%20in%20the%20Economic.pdf |
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