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Determinants of capital formation in the Malaysian rubber estate sector


Citation

Habibullah, Muzafar Shah (1989) Determinants of capital formation in the Malaysian rubber estate sector. Journal of Natural Rubber Research, 4 (4). pp. 223-232. ISSN 0127-7065

Abstract

This study empirically determines the factors affecting capital formation in the Malaysian rubber estate sector. A partial adjustment adaptive expectation model was tested on annual time series data over the period 1961 to 1985, + The results suggest that capital formation in Malaysian rubber estates is determined by future prices of rubber, interest rate on financial assets, interest rate on agricultural loans and size of holdings. The results indicate at least two areas where + the government can play an active role in promoting investments in the rubber estate sector, i.e. by providing cheap funds by varying the interest rate on loans in favour of producers, and sustaining income by stabilising rubber prices.


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Additional Metadata

Item Type: Article
Divisions: Universiti Pertanian Malaysia
Faculty of Economics and Management
Publisher: FAO
Keywords: Rubber estate; Capital formation
Depositing User: Mohd Hafiz Che Mahasan
Date Deposited: 15 Apr 2015 07:54
Last Modified: 15 Apr 2015 07:54
URI: http://psasir.upm.edu.my/id/eprint/34022
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