Total factor productivity growth in Singapore: a survey

Article Abstract:

Total factor productivity (TFP) is a way of measuring how well an economy is performing, and it has an impact on long-term growth, while measuring more than a single input in relation to output. TFP growth is especially important for Singapore, as a newly industrializing country, though TFP growth was reportedly zero according to a 1994 study by Krugman. Different researchers have given different TFP measures, since their data and methods vary. A holistic approach to policies on growth may be more appropriate than reliance on TFP measures.

Measurement, Singapore, Economic development, Economic indicators

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Forest conservation and its effects on Peninsular Malaysian log supply

Article Abstract:

A log market model was developed to help predict the impact of government forest conservation and sustainable development policies on the supply of timber resources obtained from Peninsular Malaysia and to identify the factors affecting log supply and demand. Statistically significant results were obtained for the coefficients of annual forest land opened for logging activities, average domestic log prices and log export prices. Results of estimates made with the model approximated actual data.

Models, Malaysia, Sustainable development, Natural resources, Lumber industry, Environmental policy, Forest conservation

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