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An analysis of labor and capital productivity in the Malaysian timber sector


Citation

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

Abstract

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.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Forestry
Publisher: North Carolina State University
Keywords: Timber sector; Productivity; Value-added; Labor; Capital
Depositing User: Ms. Nida Hidayati Ghazali
Date Deposited: 27 Mar 2019 08:50
Last Modified: 27 Mar 2019 08:52
URI: http://psasir.upm.edu.my/id/eprint/60805
Statistic Details: View Download Statistic

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