EconPapers    
Economics at your fingertips  
 

ICT and Human Capital Role in Achieving Knowledge-Based Economy: Applications on Malaysia's Manufacturing

Elsadig Ahmed ()

Journal of Information & Knowledge Management (JIKM), 2006, vol. 05, issue 02, 117-128

Abstract: Using Information and communication technology (ICT) in the activities of Malaysia's manufacturing sector contributes significantly to its productivity growth in general and total factor productivity (TFP) growth of the sector in particular. This study assumes that the use of ICT in the manufacturing sector is increasing from year to year in the form of a geometric progression due to the rapid innovations of ICT around the globe. Labour input was subdivided into skilled semi-skilled and unskilled, to measure the achievement of the knowledge-based economy (K-economy) through human capital involved in the sector. The results of this study show that the contribution of the ICT used in the sector was the highest one among the input terms. This means that achieving K-economy through ICT is faster than achieving it through the human capital and other traditional inputs. The impact of ICT on TFP contributions is significant and better than skilled labour as an indicator of knowledge workers (human capital) that showed a very low contribution of TFP. But the growth rate of TFP is lower compared with the growth rate of the ICT. As a result, the achievement of the K-economy is not in a geometric progression like that of the ICT development.

Keywords: ICT; human capital; K-economy; Malaysia's manufacturing; total factor productivity (TFP) (search for similar items in EconPapers)
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0219649206001372
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:jikmxx:v:05:y:2006:i:02:n:s0219649206001372

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0219649206001372

Access Statistics for this article

Journal of Information & Knowledge Management (JIKM) is currently edited by Professor Suliman Hawamdeh

More articles in Journal of Information & Knowledge Management (JIKM) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().

 
Page updated 2023-01-03
Handle: RePEc:wsi:jikmxx:v:05:y:2006:i:02:n:s0219649206001372