Citation
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
Abstract
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.
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Official URL or Download Paper: http://econ.upm.edu.my/ijem/vol9no1/7.%20The%20Lin...
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| Publisher: | Faculty of Economics and Management, Universiti Putra Malaysia |
| Keywords: | Private investment; Foreign direct investment; Economic growth, Cointegration; Causality |
| Depositing User: | Mohd Hafiz Che Mahasan |
| Date Deposited: | 02 Feb 2016 03:58 |
| Last Modified: | 02 Feb 2016 03:58 |
| URI: | http://psasir.upm.edu.my/id/eprint/41718 |
| Statistic Details: | View Download Statistic |
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