An Analysis of Labor and Capital Productivity in the Malaysian Timber Sector
The remarkable transformation of the Malaysian timber sector from a net-importer to a multi-billion-dollar export-oriented sector has become a success model for many other resource-rich countries throughout the world. In view of the increasing socioeconomic importance of the timber sector in this co...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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North Carolina State University
2017-01-01
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| Series: | BioResources |
| Subjects: | |
| Online Access: | http://ojs.cnr.ncsu.edu/index.php/BioRes/article/view/BioRes_12_1_1430_Ratnasingam_Analysis_Labor_Capital_Productivity |
| _version_ | 1818701041652203520 |
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| author | Jegatheswaran Ratnasingam Chin Khoon Ark Shukri Mohamed Lim Choon Liat Geetha Ramasamy Abdul Latib Senin |
| author_facet | Jegatheswaran Ratnasingam Chin Khoon Ark Shukri Mohamed Lim Choon Liat Geetha Ramasamy Abdul Latib Senin |
| author_sort | Jegatheswaran Ratnasingam |
| collection | DOAJ |
| description | The remarkable transformation of the Malaysian timber sector from a net-importer to a multi-billion-dollar export-oriented sector has become a success model for many other resource-rich countries throughout the world. In view of the increasing socioeconomic importance of the timber sector in this country, the productivity performance of the six major timber sub-sectors was investigated in this study. Productivity is defined as the ratio of output to input and was analyzed from the year 2010 through 2014. The productivity performance was evaluated based on certain input factors, namely labor and capital. Generally, the productivity of the timber sector can be regarded as stagnating. Furthermore, the value-added was affected due to high reliance on labor for production. Among the factors that account for this lack of productivity growth are the increased competition in the international market, small domestic market, improper industrial development policies, poor adoption of technology, and the high dependency on human capital. |
| first_indexed | 2024-12-17T15:14:32Z |
| format | Article |
| id | doaj.art-091c881775534a6faadde585b6c7ec32 |
| institution | Directory Open Access Journal |
| issn | 1930-2126 1930-2126 |
| language | English |
| last_indexed | 2024-12-17T15:14:32Z |
| publishDate | 2017-01-01 |
| publisher | North Carolina State University |
| record_format | Article |
| series | BioResources |
| spelling | doaj.art-091c881775534a6faadde585b6c7ec322022-12-21T21:43:33ZengNorth Carolina State UniversityBioResources1930-21261930-21262017-01-011211430144610.15376/biores.12.1.1430-1446An Analysis of Labor and Capital Productivity in the Malaysian Timber SectorJegatheswaran Ratnasingam0Chin Khoon Ark1Shukri Mohamed2Lim Choon Liat3Geetha Ramasamy4Abdul Latib Senin5 Faculty of Forestry, University Putra Malaysia; Malaysia Faculty of Forestry, University Putra Malaysia; Malaysia Faculty of Forestry, University Putra Malaysia; Malaysia Faculty of Forestry, University Putra Malaysia; Malaysia Faculty of Forestry, University Putra Malaysia; Malaysia Faculty of Forestry, University Putra Malaysia; Malaysia The remarkable transformation of the Malaysian timber sector from a net-importer to a multi-billion-dollar export-oriented sector has become a success model for many other resource-rich countries throughout the world. In view of the increasing socioeconomic importance of the timber sector in this country, the productivity performance of the six major timber sub-sectors was investigated in this study. Productivity is defined as the ratio of output to input and was analyzed from the year 2010 through 2014. The productivity performance was evaluated based on certain input factors, namely labor and capital. Generally, the productivity of the timber sector can be regarded as stagnating. Furthermore, the value-added was affected due to high reliance on labor for production. Among the factors that account for this lack of productivity growth are the increased competition in the international market, small domestic market, improper industrial development policies, poor adoption of technology, and the high dependency on human capital.http://ojs.cnr.ncsu.edu/index.php/BioRes/article/view/BioRes_12_1_1430_Ratnasingam_Analysis_Labor_Capital_ProductivityTimber sector; Productivity; Value-added; Labor; Capital |
| spellingShingle | Jegatheswaran Ratnasingam Chin Khoon Ark Shukri Mohamed Lim Choon Liat Geetha Ramasamy Abdul Latib Senin An Analysis of Labor and Capital Productivity in the Malaysian Timber Sector BioResources Timber sector; Productivity; Value-added; Labor; Capital |
| title | An Analysis of Labor and Capital Productivity in the Malaysian Timber Sector |
| title_full | An Analysis of Labor and Capital Productivity in the Malaysian Timber Sector |
| title_fullStr | An Analysis of Labor and Capital Productivity in the Malaysian Timber Sector |
| title_full_unstemmed | An Analysis of Labor and Capital Productivity in the Malaysian Timber Sector |
| title_short | An Analysis of Labor and Capital Productivity in the Malaysian Timber Sector |
| title_sort | analysis of labor and capital productivity in the malaysian timber sector |
| topic | Timber sector; Productivity; Value-added; Labor; Capital |
| url | http://ojs.cnr.ncsu.edu/index.php/BioRes/article/view/BioRes_12_1_1430_Ratnasingam_Analysis_Labor_Capital_Productivity |
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