An efficiency analysis of the Malaysian economic sectors: Policy or institution implications
Journal Title: Journal of Advanced Research in Social Sciences and Humanities - Year 2021, Vol 6, Issue 1
Abstract
Aim: This study assessed the economic efficiencies of the respective sectors that contribute towards the national output. It also investigated these sectors being a prominent national contributor. Method: Using Data Envelopment Analysis, the study took on two approaches of measuring administrative and planning efficiencies, with regards to the CCR and the BCC methods. The outcome of the analysis showed that there were issues and implications in the Malaysian economy regarding policy and institutions. Findings: This was certain when the analysis found that the sectors were not contributing towards national outputs efficiently. As key drivers to the countrys output, these sectors are also driven by global occurrences; and with Malaysia in a development predicament, it only extends the cause of inefficiencies within the sectors. This then turns to the resilience of economic policies and economic institutions in withstanding external interferences. Implications/Novel Contribution: By rejecting the null hypothesis, the study opened queries on the allocations of resources made to the sectors. Over the 20-year timeline of 2000-2019, allocations had stagnated causing inefficiencies in the operationability of the policies and the institutions to not carry out their needed role properly. Development Economics, Economic Policy, Policy Research.
Authors and Affiliations
ERIC BALAN MOHAMMAD SAEED
Keywords
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