Arbeitspapier
Are Government-Linked Corporations Crowding out Private Investment in Malaysia?
Private investment in Malaysia has been sluggish since the Asian financial crisis. One explanation is that the growing presence of government-linked corporations (GLCs) has been crowding out private investment. For the first time, we provide empirical evidence on the relationship between GLC presence and private investment. We find that when GLCs are dominant in an industry, investment by private firms is significantly negatively impacted. Conversely, when GLCs do not dominate an industry, the impact on private investment is not seen. To revive private investment in Malaysia, government must not only redress its growing fiscal deficit, but also expedite its program of divestment.
- Sprache
-
Englisch
- Erschienen in
-
Series: ADB Economics Working Paper Series ; No. 345
- Klassifikation
-
Wirtschaft
Investment; Capital; Intangible Capital; Capacity
International Factor Movements and International Business: General
International Investment; Long-term Capital Movements
Labor Discrimination: Public Policy
Economywide Country Studies: Asia including Middle East
- Thema
-
Malaysia
private investment
government-linked corporations
crowding-out effect
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Menon , Jayant
Ng, Thiam Hee
- Ereignis
-
Veröffentlichung
- (wer)
-
Asian Development Bank (ADB)
- (wo)
-
Manila
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Menon , Jayant
- Ng, Thiam Hee
- Asian Development Bank (ADB)
Entstanden
- 2013
Ähnliche Objekte (12)
Crowding In or Crowding Out? A Classical-Harrodian Perspective
How odgcrnwi becomes crowding: Stimulus-specific learning reduces crowding
Foveal Crowding Resolved
The post-Keynesian "crowding-in" policy meme: Government-led semi-autonomous demand growth
The post-Keynesian "crowding-in" policy meme : government-led semi-autonomous demand growth
Selfish Corporations
Crowding-Out or Crowding-In? Heterogeneous Effects of Insurance on Solidarity
Crowding-in or Crowding-out: How Infrastructure Investment Affects Household Consumption
Crowding out or crowding in? Public and private transfers in Germany
Crowding out or crowding in? Public and private transfers in Germany
Crowding-out durch Staatsverschuldung?
Government subsidisation and shareholder wealth impact: Evidence from Malaysia
Crowding In or Crowding Out? A Classical-Harrodian Perspective
How odgcrnwi becomes crowding: Stimulus-specific learning reduces crowding
Foveal Crowding Resolved
The post-Keynesian "crowding-in" policy meme: Government-led semi-autonomous demand growth
The post-Keynesian "crowding-in" policy meme : government-led semi-autonomous demand growth
Selfish Corporations
Crowding-Out or Crowding-In? Heterogeneous Effects of Insurance on Solidarity
Crowding-in or Crowding-out: How Infrastructure Investment Affects Household Consumption
Crowding out or crowding in? Public and private transfers in Germany
Crowding out or crowding in? Public and private transfers in Germany
Crowding-out durch Staatsverschuldung?
Government subsidisation and shareholder wealth impact: Evidence from Malaysia
Crowding In or Crowding Out? A Classical-Harrodian Perspective
How odgcrnwi becomes crowding: Stimulus-specific learning reduces crowding
Foveal Crowding Resolved
The post-Keynesian "crowding-in" policy meme: Government-led semi-autonomous demand growth
The post-Keynesian "crowding-in" policy meme : government-led semi-autonomous demand growth
Selfish Corporations
Crowding-Out or Crowding-In? Heterogeneous Effects of Insurance on Solidarity
Crowding-in or Crowding-out: How Infrastructure Investment Affects Household Consumption
Crowding out or crowding in? Public and private transfers in Germany
Crowding out or crowding in? Public and private transfers in Germany
Crowding-out durch Staatsverschuldung?