Are Government-Linked Corporations Crowding out Private Investment in Malaysia?
Menon, Jayant; Ng, Thiam Hee | April 2013
Abstract
"Private investment in Malaysia never fully recovered from the Asian financial crisis. One explanation relates to the crowding-out effect of the growing dominance of government-linked corporations (GLCs) in many sectors. For the first time, we present evidence confirming this effect- when GLCs dominate an industry, investment by private firms is significantly negatively impacted, and vice-versa. "
Citation
Menon, Jayant; Ng, Thiam Hee. 2013. Are Government-Linked Corporations Crowding out Private Investment in Malaysia?. © Asian Development Bank. http://hdl.handle.net/11540/2317. License: CC BY 3.0 IGO.ISSN
1655-5252
Keywords
Trade Finance
Risk Financing
Regional Development Finance
Public Finance
Infrastructure Financing
Financing of Infrastructure
Financial Security
Financial Intermediation
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Citable URI
http://hdl.handle.net/11540/2317Metadata
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