| Bibliography: | This case-study of Malysia aims to test and explain economic growth paying particular attention to the evolution of the production structure productivity growth and technical progress. Since growth is a dynamic and complex process and is based on the interplay between exogenous elements (such as sociological and political factors) and endogenous elements (such as the evolution of productivity and technological progress), this book's analytical framework is drawn from a combination of historical, neoclassical and endogenous perspectives. in order to shed further kight on the growth process, this book attempts to trace the whole growth path and not just the steady state, which most cross-sectional growth analyses tend to focus upon (Solow, 2000). |
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