Will higher wages benefit the economy? the effects of labor income share on macroeconomic variables in Malaysia

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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...

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Bibliographic Details
Main Authors:	Ngaini, Nurul Sakinah, Saari, Mohd Yusof, Abd Rahman, Muhammad Daaniyall, Habibullah, Muzafar Shah, Hashim, Muhamad Zharif Luqman
Format:	Article
Language:	English
Published:	Universiti Malaysia Sabah Press 2024
Online Access:	http://psasir.upm.edu.my/id/eprint/117636/ http://psasir.upm.edu.my/id/eprint/117636/1/117636.pdf

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