Does government investment crowd-in or crowd-out private investment in Malaysia?
Motivated by the concern of Malaysia’s government to increase private capital formation rate while the country has witnessed relatively low rate of private capital formation in the post-financial crisis area, this study aims to evaluate the long run relationship between private investment and govern...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
Faculty of Economics and Administration, University of Malaya
2015
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| Online Access: | http://psasir.upm.edu.my/id/eprint/66997/ http://psasir.upm.edu.my/id/eprint/66997/1/PCEPAB2015-4.pdf |
| _version_ | 1848855727056093184 |
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| author | Hajian, Hoda Mohamed, Azali |
| author_facet | Hajian, Hoda Mohamed, Azali |
| author_sort | Hajian, Hoda |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | Motivated by the concern of Malaysia’s government to increase private capital formation rate while the country has witnessed relatively low rate of private capital formation in the post-financial crisis area, this study aims to evaluate the long run relationship between private investment and government investment that is almost debt financed. Using a trivariate vector error correction model and time-series data covering last 44 years (from 1970 to 2013) this paper finds evidence of long-run complementary effect of government investment on private investment in Malaysia. |
| first_indexed | 2025-11-15T11:30:21Z |
| format | Conference or Workshop Item |
| id | upm-66997 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T11:30:21Z |
| publishDate | 2015 |
| publisher | Faculty of Economics and Administration, University of Malaya |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-669972019-03-06T05:34:43Z http://psasir.upm.edu.my/id/eprint/66997/ Does government investment crowd-in or crowd-out private investment in Malaysia? Hajian, Hoda Mohamed, Azali Motivated by the concern of Malaysia’s government to increase private capital formation rate while the country has witnessed relatively low rate of private capital formation in the post-financial crisis area, this study aims to evaluate the long run relationship between private investment and government investment that is almost debt financed. Using a trivariate vector error correction model and time-series data covering last 44 years (from 1970 to 2013) this paper finds evidence of long-run complementary effect of government investment on private investment in Malaysia. Faculty of Economics and Administration, University of Malaya 2015 Conference or Workshop Item PeerReviewed text en http://psasir.upm.edu.my/id/eprint/66997/1/PCEPAB2015-4.pdf Hajian, Hoda and Mohamed, Azali (2015) Does government investment crowd-in or crowd-out private investment in Malaysia? In: Postgraduate Conference on Economics, Public Administration and Business (PCEPAB 2015), 5 Sept. 2015, Faculty of Economics and Administration, University of Malaya. (pp. 448-455). |
| spellingShingle | Hajian, Hoda Mohamed, Azali Does government investment crowd-in or crowd-out private investment in Malaysia? |
| title | Does government investment crowd-in or crowd-out private investment in Malaysia? |
| title_full | Does government investment crowd-in or crowd-out private investment in Malaysia? |
| title_fullStr | Does government investment crowd-in or crowd-out private investment in Malaysia? |
| title_full_unstemmed | Does government investment crowd-in or crowd-out private investment in Malaysia? |
| title_short | Does government investment crowd-in or crowd-out private investment in Malaysia? |
| title_sort | does government investment crowd-in or crowd-out private investment in malaysia? |
| url | http://psasir.upm.edu.my/id/eprint/66997/ http://psasir.upm.edu.my/id/eprint/66997/1/PCEPAB2015-4.pdf |