The Importance Of Agricultural Sector To Malaysian Economy Pdf

A hypothetical extraction method was used to quantify the relative strength of backward and forward linkages of the agricultural sector.

The importance of agricultural sector to malaysian economy pdf. Agriculture is also an important sector in economy of malaysia because of its food contributions particularly rice for home consumption. The british established large scale plantations and introduced new commercial crops rubber in 1876 palm oil in 1917 and cocoa in the 1950s. Agriculture is now a minor sector of the malaysian economy accounting for 7 1 of malaysia s gdp in 2014 and employing 11 1 of malaysia s labour force contrasting with the 1960s when agriculture accounted for 37 of malaysia s gdp and employed 66 2 of the labour force. It is therefore important that the current role of the agri cultural sector in the south african.

For empirical analyses we ran an extended input output table that takes into account detailed agricultural sub sectors. In the input output framework two kinds of interdependence measures are developed. The reality however is that the sector has constituted less than 3 of the economy since 2005 das 2012. Agriculture remains an important sector of malaysia s economy contributing 12 percent to the national gdp and providing employment for 16 percent of the population.

This paper assesses the importance of the agricultural sector to the economic growth in malaysia. First if a particular sector say sector j. Agricultural exports such as rubber oil palm and cocoa are a major source of export earnings and have significantly contributed to the development of the agricultural sector and the economy as a whole. The importance of the agricultural sector to the malaysian economy.