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.
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页码：913 / 919
页数：7
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