Genuine Savings for Malaysia: What Does it Tell?

Authors

  • Jamal Othman Faculty of Economics and Management Universiti Kebangsaan Malaysia, Malaysia
  • Roby Falatehan Faculty of Economics and Management Universiti Kebangsaan Malaysia, Malaysia
  • Yaghoob Jafari Faculty of Economics and Management Universiti Kebangsaan Malaysia, Malaysia

DOI:

https://doi.org/10.32890/ijms2012.19.1.8

Keywords:

Malaysian genuine savings, sustainability path, macroeconomic sustainability measure

Abstract

Resource and environmental economists have argued that the conventional GDP is not an adequate indicator to reflect if an economy is growing sustainably, as it does not consider the changes in national capital and pollution impacts. The World Bank Genuine Savings indicator, though in the weak sustainability form, provides an alternative measure. This paper calculates the Genuine Savings for Malaysia from 1990–2008. While the results show that the Genuine Savings for Malaysia has been positive, its ratio to GDP declines markedly following the economic crisis of 1997/98. Comparisons with selected countries, especially South Korea and Indonesia are also made. Policy implications are deliberated at the end of the paper.
 
Keywords: Malaysian genuine savings, sustainability path, macroeconomic sustainability measure.

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References

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Published

28-06-2012

Issue

Vol. 19 No. 1 (2012): International Journal of Management Studies (IJMS) Vol. 19, No. 1 June 2012

Section

Articles

Research impact

Harvested 2026-09-08
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Identifiers DOI 10.32890/ijms2012.19.1.8

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