What’s Driving Private Investment in Malaysia? Aggregate Trends and Firm-Level Evidence / Olaf Unteroberdoerster, Roberto Guimarães-Filho.

Format:

Book

Government document

Author/Creator:

Unteroberdoerster, Olaf.

Contributor:

Guimarães-Filho, Roberto.

Series:

IMF Working Papers; Working Paper ; No. 2006/190

IMF Working Papers

Language:

English

Subjects (All):

Investments--Malaysia.

Investments.

Finance--Malaysia.

Finance.

Physical Description:

1 online resource (28 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2006.

Language Note:

English

Summary:

Private sector investment has been a key source of growth in Malaysia over the last three decades, but after an unprecedented decline in the wake of the Asian crisis it has remained sluggish in recent years. Using aggregate and firm-level data, this paper aims to explain these trends and their implications for Malaysia's investment and growth outlook. Aggregate data point to sustained overinvestment in the years prior to the Asian crisis and the role of shifts in investor perceptions as important determinants of the recent decline in private investment. Meanwhile, firm-level data suggest that low profitability, along with financing constraints affecting smaller firms and those in the services sector, has also been important.

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. SOME STYLIZED FACTS""; ""III. DETERMINANTS OF PRIVATE INVESTMENT""; ""IV. CONCLUDING REMARKS""; ""APPENDIX: A CANONICAL MODEL OF CORPORATE INVESTMENT""; ""References""

Notes:

"August 2006."

Includes bibliographical references.

Description based on print version record.

ISBN:

9786613831446

9781462322558

1462322557

9781451998436

1451998430

9781283518994

1283518996

9781451990157

1451990154

OCLC:

174996503