Publications

This report is the third instalment of our flagship State of Households report, looking at the different realities of households, the changing nature of workforce focusing on women and foreign workers,..

This book chronicles the latest developments in Malaysia’s trade and investment policy and situates them against the backdrop of a multiplicity of forces—political, economic and technological—reshaping the competitive landscape within which Malaysian traders and investors operate at the national, regional and global levels.

Can money buy happiness? Is money the only thing that makes you happy? These are some of the questions that we may have heard or maybe even asked our friends during casual conversations. Richard Easterlin, professor of economics at the University of Southern California, first suggested in 1974, that life happiness increases with average income only up to a certain point beyond which it does not increase (Easterlin 1974, 1995). In other words, the positive correlation between happiness and income is only short-term (Boo, Yen, and Lim 2016). Reisch (2001) agrees with Easterlin and states that “beyond a certain income level, the marginal utility of more available time is higher than the marginal utility of more available income”. There are many more components to happiness and well-being other than income, with time being one of the key elements.

This report aims to give readers an empirical view of the supply side of the Malaysian economy, using an input-output (IO) table approach.