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Jurnal Ekonomi Malaysia

33 1999 87 – 104

Penswastaan dan Pasaran Buruh

Jabalan Ekonomi Analisis dan Dasar Awam
Fakliiti Ekonomi
Universili Kebangsaan Malaysia
43600 UKM Bangi
Selangor Darnl Ehsan


Jabalan Ekonomi Analisis dan Dasar Awam
Fakliiti Ekonomi
Universili Kebangsaan Malaysia
43600 UKM Bangi
Selangor Darnl Ehsan


Abstract

Improving economic efficiency in order to increase society’s welfare is the prime argument for implementing privatisation policy. The success of this policy in the goods market has been well documented in many past studies. However, studies on its impact all the labour market have been few and far between. In fact,  there has been no such study ever conducted in Malaysia and this paper attempts to fill the current gap in the literature on the impact of privatisation on the Malaysian labour market. In this paper it is shown that, based on a modified model of
Haskel-Szymanski (1993), privatisation tends to reduce the demand for labour. An empirical test conducted using data related to the privatisation of the Telecommunication Department, Malaysia appears to support the
prediction of the model. The reduction in The demand for labour is attributable to the change in firm’s objective from social welfare to profit maximisation. It was also found that liberalisation can reduce the negative impact of privatisation on the demand for labour.

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Osman, , & Md Noor, (1999). Penswastaan dan Pasaran Buruh. Jurnal Ekonomi Malaysia, 33, 87–104.

@article{osman1999Penswastaan,
  title={Penswastaan dan Pasaran Buruh},
  author={Osman, Zulkifly and Md Noor, Nor Ghani},
  journal={Jurnal Ekonomi Malaysia},
  volume={33},
  number={},
  pages={87—104},
 

year={1999},
}

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