IDEAS home Printed from https://ideas.repec.org/a/umk/journl/v5y2013i2p101-130.html
   My bibliography  Save this article

Singaporean Economic Development and Peculiar Observations on Saving, Labour Share, Productivity and Current Account Surplus

Author

Listed:
  • Toh Mun Heng

    (Department of Business Policy,National University of Singapore)

Abstract

Singapore’s development experience in relation to various crucial phases of its economic development is reviewed in this paper. The first objective is to provide a quick profile of the Singaporean economy’s development history from 1960 to the present. Singapore is often perceived to be an economy that is high in saving rate and current account surplus, low in labour share and productivity. Hence, a second objective is to clarify some popular misconceptions and uncommon phenomena about Singapore’s economy and hence consider its prospects. Its economic development experience is not so unique as to defy the usual laws of economics, but rather, can be a useful reference for other economies to emulate.

Suggested Citation

  • Toh Mun Heng, 2013. "Singaporean Economic Development and Peculiar Observations on Saving, Labour Share, Productivity and Current Account Surplus," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 5(2), pages 101-130, July.
    • Handle: RePEc:umk:journl:v:5:y:2013:i:2:p:101-130
    as

    Download full text from publisher

    File URL: http://ijie.um.edu.my/filebank/published_article/4922/Fulltext%205.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Toh, Mun Heng & Ng, Wai Choong, 2002. "Efficiency of investments in Asian economies: has Singapore over-invested," Journal of Asian Economics, Elsevier, vol. 13(1), pages 52-71.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Roong Poshyananda Mallikamas & Yunyong Thaicharoen & Daungporn Rodpengsangkaha, 2003. "Investment Cycles, Economic Recovery and Monetary Policy," Working Papers 2003-04, Monetary Policy Group, Bank of Thailand.
    2. Csomós György & Derudder Ben, 2014. "Ranking Asia-Pacific cities: Economic performance of multinational corporations and the regional urban hierarchy," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 25(25), pages 1-12, September.
    3. Anwar, Sajid, 2008. "Foreign investment, human capital and manufacturing sector growth in Singapore," Journal of Policy Modeling, Elsevier, vol. 30(3), pages 447-453.
    4. Jun, Zhang, 2003. "Investment, investment efficiency, and economic growth in China," Journal of Asian Economics, Elsevier, vol. 14(5), pages 713-734, October.
    5. Jun Zhang, 2008. "China's Economic Growth: Trajectories and Evolving Institutions," WIDER Working Paper Series RP2008-33, World Institute for Development Economic Research (UNU-WIDER).

    More about this item

    Keywords

    - Labor Shares; Economic Restructuring; Consumption Ratio; Total Factor Productivity; Unit Labor Cost; Singapore Journal: Institutions and Economies;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:umk:journl:v:5:y:2013:i:2:p:101-130. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Teoh Wern Jun (email available below). General contact details of provider: https://edirc.repec.org/data/feaummy.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.