Abstract
This paper examines the linkages between foreign direct investment (FDI), domestic investment and economic growth in Malaysia for the period of 1970-2009. Specifically, it attempts to determine the impact of FDI and domestic investment on economic growth respectively and whether FDI crowds in or crowds out domestic investment. It is expected that the empirical analysis and findings would show some insightful implications to the policy makers and market players. Furthermore, the recently announced Tenth Malaysia Plan attaches an important mission of leading the country towards a high-income nation. The private sector is in a critical position to drive this new growth aspiration. The question of how to attract investment is foreseen to become a “hot” debate topic once again despite numerous previous studies on the subject.
Article Details
- Year: 2011
- Volume: 32
- Issue: 4
- Pages: 75 - 96
- Accepted: 07.11.2011
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DOI:
https://doi.org/10.5281/zenodo.21157077 -
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How to Cite?
Hooi Hooi Lean, Bee Wah Tan (2011). Linkages between Foreign Direct Investment, Domestic Investment and Economic Growth in Malaysia. Journal of Economic Cooperation and Development, 32(4), 75-96. https://doi.org/10.5281/zenodo.21157077
