The linkages between private and public investments in Malaysia: the role of foreign direct investment
The objective of this study is to investigate the linkages amongst private investment, government investments, foreign direct investment (FDI) and economic growth in the case of Malaysia. The results based on the cointegration test reveal that there is a single cointegrating vector in the system, wh...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Faculty of Economics and Management, Universiti Putra Malaysia
2015
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| Online Access: | http://psasir.upm.edu.my/id/eprint/41718/ http://psasir.upm.edu.my/id/eprint/41718/1/The%20Linkages%20between%20Private%20and%20Public%20Investments%20in%20Malaysia.pdf |
| _version_ | 1848849771204182016 |
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| author | Choong, Chee Keong Law, Siong Hook Pek, Chuen Khee |
| author_facet | Choong, Chee Keong Law, Siong Hook Pek, Chuen Khee |
| author_sort | Choong, Chee Keong |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The objective of this study is to investigate the linkages amongst private investment, government investments, foreign direct investment (FDI) and economic growth in the case of Malaysia. The results based on the cointegration test reveal that there is a single cointegrating vector in the system, which implies that private investment, government spending, FDI, economic growth and interest rate move together to achieve their steady state long run relationship. In addition, we find that both government spending and FDI have a positive effect on private investment and these two types of investments are “crowd in” private investments in the long run as well as in the short run. |
| first_indexed | 2025-11-15T09:55:41Z |
| format | Article |
| id | upm-41718 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T09:55:41Z |
| publishDate | 2015 |
| publisher | Faculty of Economics and Management, Universiti Putra Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-417182016-02-02T03:58:34Z http://psasir.upm.edu.my/id/eprint/41718/ The linkages between private and public investments in Malaysia: the role of foreign direct investment Choong, Chee Keong Law, Siong Hook Pek, Chuen Khee The objective of this study is to investigate the linkages amongst private investment, government investments, foreign direct investment (FDI) and economic growth in the case of Malaysia. The results based on the cointegration test reveal that there is a single cointegrating vector in the system, which implies that private investment, government spending, FDI, economic growth and interest rate move together to achieve their steady state long run relationship. In addition, we find that both government spending and FDI have a positive effect on private investment and these two types of investments are “crowd in” private investments in the long run as well as in the short run. Faculty of Economics and Management, Universiti Putra Malaysia 2015-06 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/41718/1/The%20Linkages%20between%20Private%20and%20Public%20Investments%20in%20Malaysia.pdf Choong, Chee Keong and Law, Siong Hook and Pek, Chuen Khee (2015) The linkages between private and public investments in Malaysia: the role of foreign direct investment. International Journal of Economics and Management, 9 (1). pp. 139-153. ISSN 1823-836X http://econ.upm.edu.my/ijem/vol9no1/7.%20The%20Linkages%20between%20Private%20and%20Public%20Investments%20in%20Malaysia.pdf |
| spellingShingle | Choong, Chee Keong Law, Siong Hook Pek, Chuen Khee The linkages between private and public investments in Malaysia: the role of foreign direct investment |
| title | The linkages between private and public investments in Malaysia: the role of foreign direct investment |
| title_full | The linkages between private and public investments in Malaysia: the role of foreign direct investment |
| title_fullStr | The linkages between private and public investments in Malaysia: the role of foreign direct investment |
| title_full_unstemmed | The linkages between private and public investments in Malaysia: the role of foreign direct investment |
| title_short | The linkages between private and public investments in Malaysia: the role of foreign direct investment |
| title_sort | linkages between private and public investments in malaysia: the role of foreign direct investment |
| url | http://psasir.upm.edu.my/id/eprint/41718/ http://psasir.upm.edu.my/id/eprint/41718/ http://psasir.upm.edu.my/id/eprint/41718/1/The%20Linkages%20between%20Private%20and%20Public%20Investments%20in%20Malaysia.pdf |