Abstract
Muadzam Shah is a small town in Rompin District, Pahang, Malaysia, established in 1979 by the South-East Pahang Development Authority (DARA). It is a quiet and tranquil agricultural based economy area and is a brainchild of Malaysia’s second Prime Minister Tun Abdul Razak. The advent of University Tenaga Nasional in 2001 had changed the landscape of the local economy. Following the concept of “Town University”, UNITEN has successfully contributed to amplify the local economy into a greater level, from the oil-palm industry area to a multi-sectoral economy such as retailing sector, food industries, hospitality as well as healthcare industry. Besides, UNITEN also serves as a medium of community and intellectual development between the academia and the society. By adopting Leontief input-output approach, this paper is designed to determine the economic multiplier effect that students and faculty staffs have on the local economy and community in Muadzam Shah.
Highlights
Every injection in economy will likely to have a multiplier effect
Marginal propensities show the proportion of income allocated to particular activities, such as a spending by staffs and students of Universiti Tenaga Nasional (UNITEN) in Muadzam Shah
UNITEN Muadzam Shah Campus was officially opened on May 4, 2001 by the fourth Prime Minister of Malaysia, Tun Dr Mahathir Mohamad
Summary
Every injection in economy will likely to have a multiplier effect. This is because an injection of income leads to more spending, which creates more incomes and spirally create new spending, savings and other related businesses. The nature of many Higher Education Institutions (HEI’s) is such that they draw resources from the regional and or national economy while their physical operations are locally based Taking these conditions into consideration, a college or university may conduct an economic impact study to examine its financial costs and contributions to its surrounding communities. Following the concept of “Town University”, UNITEN Sultan Haji Ahmad Shah Campus has the potential to be a catalyst towards the advancement of intellectual resources in accordance with the economic development of Bandar Muadzam Shah. It serves as a medium of community, economic and intellectual development for Muadzam Shah and its surrounding areas. The study is conducted to furnish key stakeholders of the universities including the Tenaga Nasional Berhad (TNB), state government and local business of the nature and dimensions economic impact of the existence UNITEN and in the future
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