Showing papers by "Robert E. Lucas published in 1999"
Book•
01 Jan 1999
TL;DR: In this paper, a study of the Malaysian economy and labour market is presented, showing that Malaysia has enjoyed an enviable growth record over the last 25 years of the 20th century, which few nations can match.
Abstract: A study of the Malaysian economy and labour market. Malaysia has enjoyed an enviable growth record over the last 25 years of the 20th century, which few nations can match, and has also been keen to judge her performance against non growth criteria of poverty eradication and national unity following the emergence of racial conflict in 1969. There are many lessons for policy makers elsewhere of this active approach to poverty eradication and social restructuring while generating rapid growth, which stands in sharp contrast to both laissez faire and orthodoxy.
29 citations
01 Jan 1999
TL;DR: In this article, the authors reviewed some key aspects of Malaysia's economic performance and considered both economic growth and the distribution of household incomes with a particular focus on the critical decade of the 1980s and trends in unemployment.
Abstract: In order to place the ensuing discussion of labour markets and human resources in context, it will be useful at the outset to review some key aspects of Malaysia’s economic performance. In keeping with national concerns for development with equality, this chapter will consider both economic growth and the distribution of household incomes. The other important element analyzed in this chapter is Malaysia’s management of aggregate demand, with a particular focus on the critical decade of the 1980s and trends in unemployment.
17 citations
Posted Content•
[...]
TL;DR: In this paper, a survey of recent models of growth and trade in search of descriptions of technologies that are consistent with episodes of very rapid income growth is presented, where emphasis is placed on the on-the-job accumulation of human capital: learning by doing.
Abstract: This lecture surveys recent models of growth and trade in search of descriptions of technologies that are consistent with episodes of very rapid income growth. Emphasis is placed on the on-the-job accumulation of human capital: learning by doing. Possib le connections between learning rates and international trade are discussed Copyright 1993 by The Econometric Society. (This abstract was borrowed from another version of this item.)
4 citations
Posted Content•
TL;DR: In this paper, the authors rework the model of a city with a spatial structure imposed on the production externality: the effect of one producer on the productivity of another is assumed to be a decreasing function of the distance between the two.
Abstract: There is an elegant geometric theory of cities that describes the location of activities and the equilibrium pattern of land prices. In the simplest versions of the theory, production is centered at the city center, and people live at differing distances from their jobs. In choosing a residential location, households face a tradeoff between expensive land near the center with small travel times, and cheap land farther out with large travel costs. Everyone who has looked for housing in any city or suburb knows the reality of this tradeoff. The objective of this paper is to rework the model of a city with a spatial structure imposed on the production externality: The effect of one producer on the productivity of another is assumed to be a decreasing function of the distance between the two. By itself, this postulated force will pull producers together, or pull all of them toward a point I designate the center. The need for land as a factor of production will keep the city from collapsing on this point. The tension between these two factors will generate a land price gradient in equilibrium. (Copyright: Elsevier)
2 citations
[...]
TL;DR: Public sector involvement extends to a wide range of activities in Malaysia, including not only public service but also the public enterprises as mentioned in this paper, which include the non-financial public enterprises (NFPE) involved in manufacturing and other industries, as well as public sector shares in banks and other financial institutions.
Abstract: Public sector involvement extends to a wide range of activities in Malaysia, including not only public service but also the public enterprises. The latter include the non-financial public enterprises (NFPE) involved in manufacturing and other industries, as well as public sector shares in banks and other financial institutions. The public service itself comprises five main branches, which fall into two main groups:
Civilian Public Services (CPS)
The Federal Civil Service (FCS)
Federal Statutory Bodies (FSB)
State Civil Service and Local Authority (SCS & LA)
State Statutory Bodies (SSB)
Security Public Services
The armed forces and police
1 citations