Do public investment and FDI crowd in or crowd out private domestic investment in Malaysia?

被引：32
|
作者：
Ang, James B. [1 ]
机构：
[1] Monash Univ, Dept Econ, Clayton, Vic 3145, Australia
来源：
APPLIED ECONOMICS | 2009年 / 41卷 / 07期
关键词：
DIRECT FOREIGN-INVESTMENT; DEVELOPING-COUNTRIES; GROWTH; CANADA; FLOWS; MODEL;
D O I：
10.1080/00036840701721448
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Motivated by the concern of a persistent decline in total investment in Malaysia during the post-crisis era, this article examines the long-run relationship between private domestic investment (PDI), public investment and foreign direct investment (FDI) in Malaysia. Using multivariate cointegration techniques, the results indicate a fairly robust cointegrated relationship between these variables during the period 1960 to 2003. Both public investment and FDI are found to be complementary to, rather than competing with, PDI.
引用
收藏
页码：913 / 919
页数：7
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