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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...

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Main Authors: Hajian, Hoda, Mohamed, Azali
Format: Conference or Workshop Item
Language:English
Published: Faculty of Economics and Administration, University of Malaya 2015
Online Access:http://psasir.upm.edu.my/id/eprint/66997/1/PCEPAB2015-4.pdf
http://psasir.upm.edu.my/id/eprint/66997/
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spelling my.upm.eprints.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).
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
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.
format Conference or Workshop Item
author Hajian, Hoda
Mohamed, Azali
spellingShingle Hajian, Hoda
Mohamed, Azali
Does government investment crowd-in or crowd-out private investment in Malaysia?
author_facet Hajian, Hoda
Mohamed, Azali
author_sort Hajian, Hoda
title 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_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_sort does government investment crowd-in or crowd-out private investment in malaysia?
publisher Faculty of Economics and Administration, University of Malaya
publishDate 2015
url http://psasir.upm.edu.my/id/eprint/66997/1/PCEPAB2015-4.pdf
http://psasir.upm.edu.my/id/eprint/66997/
_version_ 1643838774775382016
score 13.211869

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