Private Investment and Financial Sector Policies in India and Malaysia

被引：28

作者：

Ang, James B. ^{[1
]}

机构：

[1] Monash Univ, Clayton, Vic 3800, Australia

来源：

WORLD DEVELOPMENT | 2009年 / 37卷 / 07期

基金：

澳大利亚研究理事会;

关键词：

private investment; financial sector policies; India; Malaysia; DEVELOPING-COUNTRIES; LIBERALIZATION; BANKING; STABILIZATION; REQUIREMENTS; REPRESSION; GROWTH; RISK;

D O I：

10.1016/j.worlddev.2008.12.003

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

This paper examines the role of financial sector policies in determining private investment in the economies of India and Malaysia. The results Suggest that significant directed credit programs favoring certain priority sectors tend to discourage private capital formation in both countries. Interest rate controls appear to have a positive impact on private investment, with the effect being more pronounced in Malaysia. While high reserve and liquidity requirements exert a negative influence on private investment in India, the effect is found to be positive in Malaysia. (C) 2009 Elsevier Ltd. All rights reserved.

引用

页码：1261 / 1273

页数：13

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