Inter-industry analyses among micro, small, medium and large enterprises in Malaysia
This thesis is motivated from the view of economic unbalanced between production sizes and economic contribution of micro, small and medium enterprises (MSMEs) in the Malaysian economy. Specifically, it deals with the analyses of the structural differences between MSMEs and large firms in ex...
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| Main Author: | |
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| Format: | Thesis |
| Language: | English |
| Published: |
2021
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| Subjects: | |
| Online Access: | http://psasir.upm.edu.my/id/eprint/99383/1/IPTSM%202021%202%20IR.pdf |
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| Summary: | This thesis is motivated from the view of economic unbalanced between
production sizes and economic contribution of micro, small and medium
enterprises (MSMEs) in the Malaysian economy. Specifically, it deals with the
analyses of the structural differences between MSMEs and large firms in
explaining the unbalanced economic contribution. The structural differences are
measured by focusing on three different issues. First, it addresses how
differences in production structures between MSMEs and large firms contribute
to the variations in multiplier impacts. Second, it further details the analysis of
differences in production structures by measuring the extent to which the
resource-based Government-Linked Companies (GLCs) have influenced the
unbalanced contribution of MSMEs. Third, it examines the extent to which the
different production structures affect the level of income distribution at different
household groups. The three issues are analysed by using two new and novel
databases, the so-called MSME-Input-Output (MSME-IO) Table and MSME-Social Accounting Matrix (MSME-SAM), which are specifically developed for this
study. The first and second issues are analysed by applying the MSME-IO while
MSME-SAM is used to address the third issue. Three key findings are drawn
from this study. First, one-size fits all measures is bias as the use of only the
proportionality approach to estimate the economic impacts of production sectors
tends to overestimate the economic benefits of MSMEs. Second, resource-based GLCs are found to associate with less economic spill over to MSMEs.
Third, smaller production sizes, particularly the micro and small-sized sectors
contribute relatively higher income multipliers. Altogether, analyses have
validated the superiority of utilising disaggregated databases for policy analyses
of MSMEs. Based on the superiority of the databases, four key
recommendations and policy reflections to improve the future contributions of
MSMEs are provided. They include the importance of having updated and
regular inter-industry databases for progress monitoring, strengthening of existing linkages programmes, establishing MSMEs content requirement policy,
and strengthening digitalisation among MSMEs for productivity improvement. |
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