Genuine Savings for Malaysia: What Does it Tell?
Resource and environmental economists have argued that the conventional GDP is not an adequate indicator to reflect if an economy is growing sustainably, as it does not consider the changes in national capital and pollution impacts. The World Bank Genuine Savings indicator, though in the weak sustai...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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UUM Press
2012-05-01
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| Series: | International Journal of Management Studies |
| Online Access: | https://www.scienceopen.com/document?vid=3a5efe3c-ca3e-4053-94c4-a55b0e05d8a1 |
| _version_ | 1797896394031235072 |
|---|---|
| author | Jamal Othman Roby Falatehan Yaghoob Jafari |
| author_facet | Jamal Othman Roby Falatehan Yaghoob Jafari |
| author_sort | Jamal Othman |
| collection | DOAJ |
| description | Resource and environmental economists have argued that the conventional GDP is not an adequate indicator to reflect if an economy is growing sustainably, as it does not consider the changes in national capital and pollution impacts. The World Bank Genuine Savings indicator, though in the weak sustainability form, provides an alternative measure. This paper calculates the Genuine Savings for Malaysia from 1990–2008. While the results show that the Genuine Savings for Malaysia has been positive, its ratio to GDP declines markedly following the economic crisis of 1997/98. Comparisons with selected countries, especially South Korea and Indonesia are also made. Policy implications are deliberated at the end of the paper. Keywords: Malaysian genuine savings, sustainability path, macroeconomic sustainability measure. |
| first_indexed | 2024-04-10T07:40:59Z |
| format | Article |
| id | doaj.art-51b7115a6732451389ddda94b832fa19 |
| institution | Directory Open Access Journal |
| issn | 2232-1608 2180-2467 |
| language | English |
| last_indexed | 2024-04-10T07:40:59Z |
| publishDate | 2012-05-01 |
| publisher | UUM Press |
| record_format | Article |
| series | International Journal of Management Studies |
| spelling | doaj.art-51b7115a6732451389ddda94b832fa192023-02-23T11:40:41ZengUUM PressInternational Journal of Management Studies2232-16082180-24672012-05-0110.32890/ijms.19.1.2012.10365Genuine Savings for Malaysia: What Does it Tell?Jamal OthmanRoby FalatehanYaghoob JafariResource and environmental economists have argued that the conventional GDP is not an adequate indicator to reflect if an economy is growing sustainably, as it does not consider the changes in national capital and pollution impacts. The World Bank Genuine Savings indicator, though in the weak sustainability form, provides an alternative measure. This paper calculates the Genuine Savings for Malaysia from 1990–2008. While the results show that the Genuine Savings for Malaysia has been positive, its ratio to GDP declines markedly following the economic crisis of 1997/98. Comparisons with selected countries, especially South Korea and Indonesia are also made. Policy implications are deliberated at the end of the paper. Keywords: Malaysian genuine savings, sustainability path, macroeconomic sustainability measure.https://www.scienceopen.com/document?vid=3a5efe3c-ca3e-4053-94c4-a55b0e05d8a1 |
| spellingShingle | Jamal Othman Roby Falatehan Yaghoob Jafari Genuine Savings for Malaysia: What Does it Tell? International Journal of Management Studies |
| title | Genuine Savings for Malaysia: What Does it Tell? |
| title_full | Genuine Savings for Malaysia: What Does it Tell? |
| title_fullStr | Genuine Savings for Malaysia: What Does it Tell? |
| title_full_unstemmed | Genuine Savings for Malaysia: What Does it Tell? |
| title_short | Genuine Savings for Malaysia: What Does it Tell? |
| title_sort | genuine savings for malaysia what does it tell |
| url | https://www.scienceopen.com/document?vid=3a5efe3c-ca3e-4053-94c4-a55b0e05d8a1 |
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