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 |
| Published: |
North Carolina State University
2017
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| Online Access: | http://psasir.upm.edu.my/id/eprint/60805/1/An%20analysis%20of%20labor%20and%20capital%20productivity%20in%20the%20Malaysian%20timber%20sector.pdf |
| _version_ | 1825932246568140800 |
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| author | Ratnasingam, Jegatheswaran Chin, Khoon Ark Mohamed, Shukri Lim, Choon Liat Ramasamy, Geetha Senin, Abdul Latib |
| author_facet | Ratnasingam, Jegatheswaran Chin, Khoon Ark Mohamed, Shukri Lim, Choon Liat Ramasamy, Geetha Senin, Abdul Latib |
| author_sort | Ratnasingam, Jegatheswaran |
| collection | UPM |
| 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 | 2024-03-06T09:39:02Z |
| format | Article |
| id | upm.eprints-60805 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:39:02Z |
| publishDate | 2017 |
| publisher | North Carolina State University |
| record_format | dspace |
| spelling | upm.eprints-608052019-03-27T08:52:38Z http://psasir.upm.edu.my/id/eprint/60805/ An analysis of labor and capital productivity in the Malaysian timber sector Ratnasingam, Jegatheswaran Chin, Khoon Ark Mohamed, Shukri Lim, Choon Liat Ramasamy, Geetha Senin, Abdul Latib 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. North Carolina State University 2017 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/60805/1/An%20analysis%20of%20labor%20and%20capital%20productivity%20in%20the%20Malaysian%20timber%20sector.pdf Ratnasingam, Jegatheswaran and Chin, Khoon Ark and Mohamed, Shukri and Lim, Choon Liat and Ramasamy, Geetha and Senin, Abdul Latib (2017) An analysis of labor and capital productivity in the Malaysian timber sector. BioResources, 12 (1). pp. 1430-1446. ISSN 1930-2126 http://ojs.cnr.ncsu.edu/index.php/BioRes/article/view/BioRes_12_1_1430_Ratnasingam_Analysis_Labor_Capital_Productivity |
| spellingShingle | Ratnasingam, Jegatheswaran Chin, Khoon Ark Mohamed, Shukri Lim, Choon Liat Ramasamy, Geetha Senin, Abdul Latib An analysis of labor and capital productivity in the Malaysian timber sector |
| 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 |
| url | http://psasir.upm.edu.my/id/eprint/60805/1/An%20analysis%20of%20labor%20and%20capital%20productivity%20in%20the%20Malaysian%20timber%20sector.pdf |
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