Will higher wages benefit the economy? the effects of labor income share on macroeconomic variables in Malaysia
In Malaysia, household expenditure drives about 60% of the economy. This suggests that increasing aggregate demand is crucial for economic growth. As demand is a function of labor income, raising the latter puts more money into the pockets of consumers, which eventually facilitates feedback effects...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Malaysia Sabah Press
2024
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| Online Access: | http://psasir.upm.edu.my/id/eprint/117636/ http://psasir.upm.edu.my/id/eprint/117636/1/117636.pdf |