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
Finance And Trade
Enterprise Financing
Trade Regulation
Trade Finance
Regional Trade Agreements
General Agreement On Tariffs And Trade
Taxation
Business Financing
Investment Requirements
Capital Needs
Tax Incentives
Project Risks
Tariff agreements
Customs convetions
Import policy
Export policy
Investments
Finance
Market
Markets
Use tax
Tax administration and procedure
Taxing power
Effect of taxation
Business enterprises
Foreign trade and employment
Mentoring in business
Trade routes
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Citable URI
http://hdl.handle.net/11540/2317Metadata
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