OECD economic surveys : Malaysia 2016 : economic assessment / OECD.

Format:

Book

Contributor:

Organisation for Economic Co-operation and Development, contributor.

Series:

OECD Economic surveys (Series)

OECD Economic Surveys

Language:

English

Subjects (All):

Economic history.

Malaysia--Economic conditions.

Malaysia.

Malaysia--Economic policy.

Physical Description:

1 online resource (292 pages) : illustrations, tables, graphs

Edition:

1st ed.

Place of Publication:

Paris : OECD Publishing, [2016]

Summary:

This 2016 OECD Economic Survey of Malaysia examines recent economic developments, policies and prospects. The special chapters cover: Productivity and Inclusive Growth.

Contents:

Intro

Table of contents

Basic statistics of Malaysia

Executive summary

Growth has been resilient

Real GDP growth

Boosting productivity growth is essential to raise overall living standards

Annual labour productivity growth

Growth must continue to become more inclusive

Income inequality has declined

Main findings

Key recommandations

Assessment and recommendations

Four decades of rapid and inclusive growth

Figure 1. Convergence to OECD income levels has progressed even as inequality declined

Box 1. The 11th Malaysia Plan

Table 1. OECD key recommendations and the 11th Malaysia Plan

Figure 2. Labour productivity growth has declined

Figure 3. Well-being indicators point to further opportunities to foster inclusive growth

Growth is moderating but cushioned by robust domestic demand

Figure 4. Selected macroeconomic indicators

Table 2. Macroeconomic indicators and projections

Box 2. Malaysia's economic diversification

Figure 5. Malaysia's economic development

Table 3. Malaysia's trading partners

Figure 6. Value-added exports to China are significant

Figure 7. House prices and household debt

Table 4. Shocks that might affect economic performance

Fiscal policy consolidation and reorientation towards productive and inclusive expenditure

Figure 8. Federal government fiscal consolidation is on track

Monetary policy challenges with a weaker currency

Figure 9. Monetary policy indicators

A diversified financial sector

Figure 10. A robust financial system

Box 3. Islamic finance in Malaysia

Figure 11. Islamic finance continues to grow in Malaysia

Boosting productivity to achieve high-income country status

Figure 12. Labour productivity growth by sector

Figure 13. Socio-economic status affects PISA performance in mathematics.

Figure 14. Student performance on PISA is low

Figure 15. Innovation indicators

Figure 16. Patent applications by Malaysian residents and non-residents

Figure 17. Innovation governance involves a complex array of actors

Figure 18. Malaysia's technological upgrading has slowed

Figure 19. New business entry has not increased much

Figure 20. The STRI for selected sectors

Figure 21. The Trans-Pacific Partnership Agreement will boost Malaysian real incomes through behind-the-border liberalisation

Figure 22. Malaysia's public sector is large but its governance compares well internationally

Fostering inclusive growth befitting an emerging high-income country

Figure 23. Income inequality has declined

Figure 24. Labour participation rates are relatively low

Figure 25. Social expenditure in Malaysia has not increased in step with GDP per capita

Figure 26. Malaysia's tax-and-transfer system has little effect on income distribution

Figure 27. The share of tax revenue in GDP is low and declining

Figure 28. The GST rate is low by international standards

Figure 29. Malaysians can expect a lengthy retirement

Figure 30. Pension replacement rates are low

Figure 31. Poor households are more reliant on public sector health care services

Figure 32. Increasing development gaps between states

Green growth

Figure 33. Malaysia's energy demand is expected to become more coal intensive

Figure 34. Malaysia's forest cover is recovering

Bibliography

Thematic chapters

Chapter 1. Boosting productivity

Introduction

Figure 1.1. Labour productivity growth has declined

Malaysia's productivity performance and outlook

Figure 1.2. Labour productivity growth by sectors

Figure 1.3. Fixed broadband subscription prices are relatively high.

Table 1.1. Malaysia's ambitious sectoral targets for labour productivity growth

Figure 1.4. Labour productivity growth in services subsectors

Improving the quality of education

Figure 1.5. Student performance on PISA is low

Figure 1.6. Socio-economic status affects PISA performance in mathematics

Figure 1.7. Higher per capita spending on basic education would benefit students

Box 1.1. Education migration in Malaysia

Figure 1.8. Education immigration and emigration flows

Strengthening innovation

Figure 1.9. Innovation indicators

Figure 1.10. Patent applications by Malaysian residents and non-residents

Figure 1.11. Innovation governance involves a complex array of actors

Figure 1.12. Malaysia's technological upgrading has slowed

Further improving the competition framework

Enhanced regulatory frameworks for SMEs

Figure 1.13. SME productivity lags large firms

Figure 1.14. New business entry has not increased much

Figure 1.15. Resolving insolvency has the largest distance to the frontier

Trade, investment and furthering regional integration

Figure 1.16. Trade facilitation indicators frontier

Figure 1.17. The STRI for selected sectors

Figure 1.18. FDI restrictiveness index 2015

Figure 1.19. Malaysia has lost some ground with respect to export diversity and complexity against regional GVC competitors

Box 1.2. Benefits to Malaysia of regional trade agreements

Figure 1.20. The Trans-Pacific Partnership Agreement will boost Malaysian real incomes mainly through behind-the-border liberalisation

Boosting public sector productivity

Figure 1.21. Malaysia's public sector is large but its governance compares well internationally

Table 1.2. An example of performance review by KPI

Box 1.3. Best practices of the OECD countries in the evaluation of public sector productivity.

Main recommendations to boost productivity

Chapter 2. Fostering inclusive growth

Poverty, income and wealth inequality

Figure 2.1. Income inequality has declined

Figure 2.2. Relative poverty indicators

Broader measures of inclusive growth and well-being

Figure 2.3. Well-being indicators point to further opportunities to foster inclusive growth

Figure 2.4. Malaysian Well-being Index growth relative to GDP

A more inclusive labour market

Figure 2.5. The wage share is relatively low and skilled job creation has lagged

Figure 2.6. Labour participation rates are relatively low

Figure 2.7. Unemployment rates by education attainment and gender

Box 2.1. An immigration policy befitting a high-income inclusive country

Strengthening social protection

Figure 2.8. Social expenditure in Malaysia has not increased in step with GDP per capita

Figure 2.9. Malaysia's tax-and-transfer system has little effect on income distribution

Box 2.2. The contribution of Zakat to social expenditure in Malaysia

Figure 2.10. Zakat has been expanding rapidly

A tax and transfer system that supports inclusive growth

Figure 2.11. The share of tax revenue in GDP is low and declining

Figure 2.12. The GST rate is low by international standards

A more sustainable pension system that delivers higher retirement incomes

Figure 2.13. Malaysians can expect a lengthy retirement

Figure 2.14. Pension replacement rates are low

Maintaining universal access to quality healthcare

Figure 2.15. Poor households are more reliant on public-sector health care services

Figure 2.16. Healthcare expenditure in Malaysia

Figure 2.17. Private insurance could fund a higher share of health expenditure

Figure 2.18. Increasing development gaps between states.

Table 2.1. Investment and job creation in regional economic corridors in 2011-14

Main recommendations to foster inclusive growth

Annex 2.1. Malaysian Well-being Index values and sub-indicators

Values

Sub-indicators.

Notes:

Includes bibliographical references at the end of each chapters.

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

9789264262638

9264262636

9789264262645

9264262644

OCLC:

1225553566