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BNM Economics Research Workshop 2014

Bank Negara Malaysia organised the 2014 BNM Economics Research Workshop with the theme “The Structural Challenges of Achieving Sustained and Inclusive Growth”, at Sasana Kijang, on 1 December 2014.

This event provided a platform for policy-oriented researchers and market participants to examine and debate on the current economic and financial market issues faced by the regional economies. The theme focused on the key issue of achieving sustained and inclusive growth. This is because country experiences revealed that social or political resistance to growth models tend to develop when the benefits from economic growth are reaped inequitably. Yet, country experiences reveal that in an increasingly integrated world with rapid technological changes and shifting competitive advantages, achieving sustained fast-paced economic growth that is also inclusive represents a policy challenge.

The workshop observed a mixed group of speakers and participants from the regional central banks, think tanks, academicians and the private sector.
 

 

Opening Remarks: Fraziali Ismail, Director, Bank Negara Malaysia [Transcript]

 

Session 1: Global Production Networks and Value Added

Moderator:

Mahender Singh (Malaysia Institute for Supply Chain Innovation)

 
Paper 1: Global Production Network and Competitiveness: Implications for Asia’s Emerging Middle Income Economies

Presenter: 

Reza Anglingkusumo and Harry Satriyo Hendharto (Bank Indonesia)

Discussant:  

Thiam Hee Ng (Asian Development Bank)

 

 
Paper 2: Value Creation in Top Asian Firms [Paper] [Presentation]

Presenter:

Lim Chee Han and Lim Kim Hwa (Penang Institute)

Discussant:         

Yeah Kim Leng (Malaysia University of Science and Technology)

 

Session 2: The Role of Monetary Policy for Inclusive Growth

Moderator:

Ahmad Razi (Bank Negara Malaysia)

 
Paper 3: The Dynamic Relationship between Inflation and Economic Growth in Indonesia: A Regional Threshold Approach [Paper]  [Presentation]

Presenter: 

Tri Winarno (Bank Indonesia)

Discussant:  

Chuah Kue Peng (Bank Negara Malaysia) [Presentation]

 

 
Paper 4: Monetary Policy towards Inclusive Growth: The Case of Korea [Paper] [Presentation]

Presenter:

Dongkoo Chang (The SEACEN Centre)

Discussant:         

Mala Raghavan (University of Tasmania) [Presentation]

 

Session 3: Structural Change amidst Economic Development

Moderator:

Fraziali Ismail (Bank Negara Malaysia)

 
Paper 5: Structural Changes, Employment and Productivity in Nepal [Paper] [Presentation]

Presenter: 

Prakash Kumar Shrestha (Nepal Rastra Bank)

Discussant:  

Rahmah Ismail (Universiti Kebangsaan Malaysia)

 

 
Paper 6: The Diversification of Manufacturing in Malaysia [Paper] [Presentation]

Presenter:

Mohamed Rizwan Habeeb Rahuman, Kevin Wong Tho Foo and Rachel Cho Suet Li (Bank Negara Malaysia)

Discussant:         

Quah Boon Huat (Malaysian Rating Corporation Berhad) [Presentation]

 

Panel Session: Structural Policies for Sustained and Inclusive Growth: Past Success Future Direction

Chair

Marzunisham Omar, Assistant Governor, Bank Negara Malaysia

Presenter: 

Prakash Kumar Shrestha (Nepal Rastra Bank)

Discussants:

Hans Genberg (The SEACEN Centre) [Presentation]
Muhammed Abdul Khalid (Khazanah Research Institute)
Dato’ Steven Wong (ISIS Malaysia)

 
Closing Remarks:  Marzunisham Omar, Assistant Governor, Bank Negara Malaysia