The influx of foreign workers in Singapore : causes and effects on the Singapore economy.
Influx of foreign workers has been a controversial issue in Singapore. The thesis attempts to examine the impact and contributions of foreign workers in the Singapore Economy. The Cobb-Douglas production function was employed in the investigation. The growth accounting approach was derived from the...
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
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2009
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| Online Access: | http://hdl.handle.net/10356/20163 |
| _version_ | 1826116580708188160 |
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| author | Chong, Wei Ming. |
| author2 | Thong, Gregory |
| author_facet | Thong, Gregory Chong, Wei Ming. |
| author_sort | Chong, Wei Ming. |
| collection | NTU |
| description | Influx of foreign workers has been a controversial issue in Singapore. The thesis attempts to examine the impact and contributions of foreign workers in the Singapore Economy. The Cobb-Douglas production function was employed in the investigation. The growth accounting approach was derived from the production function with real Gross Domestic Products as a function of the aggregate inputs of foreign workers, domestic workers and capital along with total factor productivity change. Divisia and Translog indices were used to examine the contributions made by each factor of production to the real GDP of the overall Singapore economy and the manufacturing sectoral output. Multiple linear regression analysis was employed to estimate the number of foreign workers needed in the Singapore economy in order to achieve its long-term 4.0 percent to 6.0 percent economic growth. The findings indicate that foreign workers have contributed significantly to the real GDP of Singapore, particularly to the manufacturing sectoral output. The findings also suggest that foreign workers has become an important factor in sustaining high economic growth in labour shortage economies. |
| first_indexed | 2024-10-01T04:13:47Z |
| format | Thesis |
| id | ntu-10356/20163 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T04:13:47Z |
| publishDate | 2009 |
| record_format | dspace |
| spelling | ntu-10356/201632024-01-12T10:14:35Z The influx of foreign workers in Singapore : causes and effects on the Singapore economy. Chong, Wei Ming. Thong, Gregory Nanyang Business School DRNTU::Business::General::Economic and business aspects Influx of foreign workers has been a controversial issue in Singapore. The thesis attempts to examine the impact and contributions of foreign workers in the Singapore Economy. The Cobb-Douglas production function was employed in the investigation. The growth accounting approach was derived from the production function with real Gross Domestic Products as a function of the aggregate inputs of foreign workers, domestic workers and capital along with total factor productivity change. Divisia and Translog indices were used to examine the contributions made by each factor of production to the real GDP of the overall Singapore economy and the manufacturing sectoral output. Multiple linear regression analysis was employed to estimate the number of foreign workers needed in the Singapore economy in order to achieve its long-term 4.0 percent to 6.0 percent economic growth. The findings indicate that foreign workers have contributed significantly to the real GDP of Singapore, particularly to the manufacturing sectoral output. The findings also suggest that foreign workers has become an important factor in sustaining high economic growth in labour shortage economies. Master of Business 2009-12-14T08:26:23Z 2009-12-14T08:26:23Z 1993 1993 Thesis http://hdl.handle.net/10356/20163 en NANYANG TECHNOLOGICAL UNIVERSITY 128 p. application/pdf |
| spellingShingle | DRNTU::Business::General::Economic and business aspects Chong, Wei Ming. The influx of foreign workers in Singapore : causes and effects on the Singapore economy. |
| title | The influx of foreign workers in Singapore : causes and effects on the Singapore economy. |
| title_full | The influx of foreign workers in Singapore : causes and effects on the Singapore economy. |
| title_fullStr | The influx of foreign workers in Singapore : causes and effects on the Singapore economy. |
| title_full_unstemmed | The influx of foreign workers in Singapore : causes and effects on the Singapore economy. |
| title_short | The influx of foreign workers in Singapore : causes and effects on the Singapore economy. |
| title_sort | influx of foreign workers in singapore causes and effects on the singapore economy |
| topic | DRNTU::Business::General::Economic and business aspects |
| url | http://hdl.handle.net/10356/20163 |
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