2018
DOI: 10.1051/shsconf/20185605004
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Revisiting Privatization and Economic Growth in Malaysia: An Empirical Examination

Abstract: 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… Show more

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Cited by 2 publications
(2 citation statements)
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“…Authors of the study related to privatization and economic growth in Malaysia (Lai et al, 2018), consider privatization as a response to the high costs and poor performance of state-owned enterprises. In terms of macroeconomics, privatization ensured the formation of conditions for international businesses development in the country.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Authors of the study related to privatization and economic growth in Malaysia (Lai et al, 2018), consider privatization as a response to the high costs and poor performance of state-owned enterprises. In terms of macroeconomics, privatization ensured the formation of conditions for international businesses development in the country.…”
Section: Literature Reviewmentioning
confidence: 99%
“…According to Lai et al [6], involving the private sector as a preference, especially when managing and delivering the services and infrastructure, is due to government bureaucracy. He finds that government regulations and processes are complicated and less efficient to be applied in commercial activities or operations than the private sector, which compromises its strength in this area.…”
Section: Reasons Of Privatization Implementationmentioning
confidence: 99%