Revisiting Privatization and Economic Growth in Malaysia: An Empirical Examination

The rapid expansion of the public sector’s investment in the early 1970s and 1980s in Malaysia had resulted in a bloated bureaucracy, inefficiency, high costs and low productivity. The emergence of privatization policy in Malaysia aimed to reduce the financial burden of government, increase the l...

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Main Authors: Lai, Fong Woon, Shad, Muhammad Kashif, Chow, Yeong Yoon, Wei, Chin Yi
Format: Conference or Workshop Item
Institution: Universiti Teknologi Petronas
Record Id / ISBN-0: utp-eprints.22291 /
Published: 2018
Subjects:
HB Economic Theory
Online Access: http://eprints.utp.edu.my/22291/1/online.pdf
http://eprints.utp.edu.my/22291/
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spelling utp-eprints.222912019-03-18T02:33:18Z Revisiting Privatization and Economic Growth in Malaysia: An Empirical Examination Lai, Fong Woon Shad, Muhammad Kashif Chow, Yeong Yoon Wei, Chin Yi HB Economic Theory The rapid expansion of the public sector’s investment in the early 1970s and 1980s in Malaysia had resulted in a bloated bureaucracy, inefficiency, high costs and low productivity. The emergence of privatization policy in Malaysia aimed to reduce the financial burden of government, increase the level of efficiency and productivity, increase firm’s revenue, improve the country’s fiscal position and encourage foreign direct investment. Nevertheless, some privatization initiatives are controversial. This paper re- examines the relationship between privatization and economic growth in Malaysia. Two sets of annual macro- economic data from 1984 to 1990 and 2009 to 2015 were used. Descriptive and frequency analysis was used to test the hypothesized relationship between privatization program and its impact on the nation’s macroeconomic benefits namely GDP growth, job creation as well as FDI inflows. By looking at the economic data sets, this paper found that the influence of p 2018 Conference or Workshop Item PeerReviewed application/pdf http://eprints.utp.edu.my/22291/1/online.pdf Lai, Fong Woon and Shad, Muhammad Kashif and Chow, Yeong Yoon and Wei, Chin Yi (2018) Revisiting Privatization and Economic Growth in Malaysia: An Empirical Examination. In: International Conference on Leadership and Management 2018, 13-15 August, Kuala Lampur. http://eprints.utp.edu.my/22291/
institution Universiti Teknologi Petronas
collection UTP Institutional Repository
topic HB Economic Theory
spellingShingle HB Economic Theory
Lai, Fong Woon
Shad, Muhammad Kashif
Chow, Yeong Yoon
Wei, Chin Yi
Revisiting Privatization and Economic Growth in Malaysia: An Empirical Examination
description The rapid expansion of the public sector’s investment in the early 1970s and 1980s in Malaysia had resulted in a bloated bureaucracy, inefficiency, high costs and low productivity. The emergence of privatization policy in Malaysia aimed to reduce the financial burden of government, increase the level of efficiency and productivity, increase firm’s revenue, improve the country’s fiscal position and encourage foreign direct investment. Nevertheless, some privatization initiatives are controversial. This paper re- examines the relationship between privatization and economic growth in Malaysia. Two sets of annual macro- economic data from 1984 to 1990 and 2009 to 2015 were used. Descriptive and frequency analysis was used to test the hypothesized relationship between privatization program and its impact on the nation’s macroeconomic benefits namely GDP growth, job creation as well as FDI inflows. By looking at the economic data sets, this paper found that the influence of p
format Conference or Workshop Item
author Lai, Fong Woon
Shad, Muhammad Kashif
Chow, Yeong Yoon
Wei, Chin Yi
author_sort Lai, Fong Woon
title Revisiting Privatization and Economic Growth in Malaysia: An Empirical Examination
title_short Revisiting Privatization and Economic Growth in Malaysia: An Empirical Examination
title_full Revisiting Privatization and Economic Growth in Malaysia: An Empirical Examination
title_fullStr Revisiting Privatization and Economic Growth in Malaysia: An Empirical Examination
title_full_unstemmed Revisiting Privatization and Economic Growth in Malaysia: An Empirical Examination
title_sort revisiting privatization and economic growth in malaysia: an empirical examination
publishDate 2018
url http://eprints.utp.edu.my/22291/1/online.pdf
http://eprints.utp.edu.my/22291/
_version_ 1741196597863120896
score 11.62408

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