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Social and Behavioral Sciences Commons

Open Access. Powered by Scholars. Published by Universities.®

2009

SelectedWorks

James B Ang

Articles 1 - 6 of 6

Full-Text Articles in Social and Behavioral Sciences

Do Public Investment And Fdi Crowd In Or Crowd Out Private Domestic Investment In Malaysia?, James B. Ang Jan 2009

Do Public Investment And Fdi Crowd In Or Crowd Out Private Domestic Investment In Malaysia?, James B. Ang

James B Ang

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.


Financial Development And The Fdi–Growth Nexus: The Malaysian Experience, James B. Ang Jan 2009

Financial Development And The Fdi–Growth Nexus: The Malaysian Experience, James B. Ang

James B Ang

This article examines the FDI-growth nexus in the small open economy of Malaysia by controlling for the level of financial development. Financial development is proxied by a composite index, which is a summary measure of four financial development indicators. Using time-series data from 1965 to 2004, the results show that FDI and financial development are positively related to output in the long-run. The impact of FDI on output is enhanced through financial development. To supplement these findings, we assess the causal relationships between the variables using the recent causality tests available in the literature. The results indicate that economic growth ...


Catching Up To The Technology Frontier: The Dichotomy Between Innovation And Imitation, James B. Ang Jan 2009

Catching Up To The Technology Frontier: The Dichotomy Between Innovation And Imitation, James B. Ang

James B Ang

Using data for 55 developing and developed countries, this research examines the roles of technology transfer, research intensity, educational attainment and the ability to absorb foreign technology in explaining cross-country differences in productivity growth. The results show that innovation is an important factor for growth in OECD countries whereas growth in developing countries is driven by imitation. Furthermore the interaction between educational attainment and the distance to the frontier is a significant determinant of growth in the overall sample.


Household Saving Behaviour In An Extended Life Cycle Model: A Comparative Study Of China And India, James B. Ang Jan 2009

Household Saving Behaviour In An Extended Life Cycle Model: A Comparative Study Of China And India, James B. Ang

James B Ang

This paper examines the determinants of household saving in China and India over the last few decades using the life cycle model, with appropriate modifications to account for the expected benefits of pension saving. Consistent with the predictions made in the life cycle model, higher income growth promotes more household saving, and higher age dependency does the opposite. An increase in the inflation rate appears to encourage household saving. Interestingly, the evidence suggests that an increase in expected pension benefits tends to discourage household saving in China in the long run, but the reverse is found in India.


Co2 Emissions, Research And Technology Transfer In China, James B. Ang Jan 2009

Co2 Emissions, Research And Technology Transfer In China, James B. Ang

James B Ang

Although the economy of China has grown very strongly over the last few decades, this spectacular performance has come at the expense of rapid environmental deterioration. Amidst animated debate on the issue of global warming, this study attempts to explore the determinants of CO2 emissions in China using aggregate data for more than half a century. Adopting an analytical framework that combines the environmental literature with modern endogenous growth theories, the results indicate that CO2 emissions in China are negatively related to research intensity, technology transfer and the absorptive capacity of the economy to assimilate foreign technology. Our findings also ...


Private Investment And Fnancial Sector Policies In India And Malaysia, James B. Ang Jan 2009

Private Investment And Fnancial Sector Policies In India And Malaysia, James B. Ang

James B Ang

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.