Journal article
Can labour-savings, capital-intensive production techniques reduce unemployment rates in developing countries? Evidence from Malaysia
Australian Journal of Labour Economics, Vol.7(4), pp.515-524
2004
Abstract
Traditional economic wisdom predicts that unemployment rates will rise in many of the developing countries as a result of following an industrialisation process that utilised a labour-saving production technique. The findings of this paper suggest otherwise. Based on the development experience of Malaysia, unemployment rates were found to decline significantly when Malaysia switched from a labour intensive production technique to one that is capital intensive. The Malaysian experience suggests that initiatives put in place to encourage capital investment may lead to employment growth, thereby reducing unemployment.
Details
- Title
- Can labour-savings, capital-intensive production techniques reduce unemployment rates in developing countries? Evidence from Malaysia
- Authors/Creators
- R. Taylor (Author/Creator)
- Publication Details
- Australian Journal of Labour Economics, Vol.7(4), pp.515-524
- Publisher
- Centre for Labour Market Research
- Identifiers
- 991005541826407891
- Murdoch Affiliation
- Do not use- Former Murdoch Business School
- Language
- English
- Resource Type
- Journal article
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