메뉴 건너뛰기




Volumn 22, Issue 4, 2011, Pages 335-342

Financial development, foreign investment and economic growth in Malaysia

Author keywords

E44, O11, O16, O53; Economic growth; Financial development; Foreign investment; Malaysia

Indexed keywords


EID: 79959796658     PISSN: 10490078     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.asieco.2011.04.001     Document Type: Article
Times cited : (117)

References (52)
  • 1
    • 50149098789 scopus 로고    scopus 로고
    • Financial development and economic growth: The Egyptian experience
    • Abu-Bader A.S., Abu-Qarn A.S. Financial development and economic growth: The Egyptian experience. Journal of Policy Modeling 2008, 30:887-898.
    • (2008) Journal of Policy Modeling , vol.30 , pp. 887-898
    • Abu-Bader, A.S.1    Abu-Qarn, A.S.2
  • 2
    • 68749112729 scopus 로고    scopus 로고
    • Financial sector development and economic growth: An empirical analysis of developing countries
    • Ahmad E., Malik A. Financial sector development and economic growth: An empirical analysis of developing countries. Journal of Economic Cooperation and Development 2009, 30(1):17-40.
    • (2009) Journal of Economic Cooperation and Development , vol.30 , Issue.1 , pp. 17-40
    • Ahmad, E.1    Malik, A.2
  • 3
    • 79959811225 scopus 로고    scopus 로고
    • Financial deepening and economic development in Malaysia
    • Ang J.B. Financial deepening and economic development in Malaysia. Economic Papers 2007, 26(3):249-260.
    • (2007) Economic Papers , vol.26 , Issue.3 , pp. 249-260
    • Ang, J.B.1
  • 4
    • 36849057051 scopus 로고    scopus 로고
    • Determinants of foreign direct investment in Malaysia
    • Ang J.B. Determinants of foreign direct investment in Malaysia. Journal of Policy Modeling 2008, 30(1):185-189.
    • (2008) Journal of Policy Modeling , vol.30 , Issue.1 , pp. 185-189
    • Ang, J.B.1
  • 5
    • 45249125197 scopus 로고    scopus 로고
    • A Survey of recent developments in the literature of finance and growth
    • Ang J.B. A Survey of recent developments in the literature of finance and growth. Journal of Economic Surveys 2008, 22(3):536-576.
    • (2008) Journal of Economic Surveys , vol.22 , Issue.3 , pp. 536-576
    • Ang, J.B.1
  • 6
    • 53549104393 scopus 로고    scopus 로고
    • Are financial sector policies effective in deepening the Malaysian financial system?
    • Ang J.B. Are financial sector policies effective in deepening the Malaysian financial system?. Contemporary Economic Policy 2008, 26(4):623-635.
    • (2008) Contemporary Economic Policy , vol.26 , Issue.4 , pp. 623-635
    • Ang, J.B.1
  • 7
    • 37349102342 scopus 로고    scopus 로고
    • What are the mechanisms linking financial development and economic growth in Malaysia?
    • Ang J.B. What are the mechanisms linking financial development and economic growth in Malaysia?. Economic Modelling 2008, 25(1):38-53.
    • (2008) Economic Modelling , vol.25 , Issue.1 , pp. 38-53
    • Ang, J.B.1
  • 8
    • 67349100656 scopus 로고    scopus 로고
    • Private investment and financial sector policies in India and Malaysia
    • Ang J.B. Private investment and financial sector policies in India and Malaysia. World Development 2009, 37(7):1261-1273.
    • (2009) World Development , vol.37 , Issue.7 , pp. 1261-1273
    • Ang, J.B.1
  • 9
    • 62249185315 scopus 로고    scopus 로고
    • Do public investment and foreign direct investment crowd in or crowd out private domestic investment in Malaysia?
    • Ang J.B. Do public investment and foreign direct investment crowd in or crowd out private domestic investment in Malaysia?. Applied Economics 2009, 41(7):913-919.
    • (2009) Applied Economics , vol.41 , Issue.7 , pp. 913-919
    • Ang, J.B.1
  • 11
    • 67650711460 scopus 로고    scopus 로고
    • Financial development and the FDI-Growth Nexus: The Malaysian experience
    • Ang J.B. Financial development and the FDI-Growth Nexus: The Malaysian experience. Applied Economics 2009, 41:1595-1601.
    • (2009) Applied Economics , vol.41 , pp. 1595-1601
    • Ang, J.B.1
  • 12
    • 77955135910 scopus 로고    scopus 로고
    • Determinants of private investment in Malaysia: What causes the post-crisis slumps?
    • Ang J.B. Determinants of private investment in Malaysia: What causes the post-crisis slumps?. Contemporary Economic Policy 2010, 28(3):378-391.
    • (2010) Contemporary Economic Policy , vol.28 , Issue.3 , pp. 378-391
    • Ang, J.B.1
  • 13
    • 34248204524 scopus 로고    scopus 로고
    • Financial liberalization, financial sector development and growth: Evidence from Malaysia
    • Ang J.B., McKibbin W.J. Financial liberalization, financial sector development and growth: Evidence from Malaysia. Journal of Development Economics 2007, 84:215-233.
    • (2007) Journal of Development Economics , vol.84 , pp. 215-233
    • Ang, J.B.1    McKibbin, W.J.2
  • 14
    • 0036221472 scopus 로고    scopus 로고
    • Impact of Financial development, money, and public spending on Malaysian national income: An econometric study
    • Ansari M.I. Impact of Financial development, money, and public spending on Malaysian national income: An econometric study. Journal of Asian Economics 2002, 13:72-93.
    • (2002) Journal of Asian Economics , vol.13 , pp. 72-93
    • Ansari, M.I.1
  • 15
    • 77951154886 scopus 로고    scopus 로고
    • Foreign direct investment and economic growth in Vietnam
    • Anwar S., Nguyen L.P. Foreign direct investment and economic growth in Vietnam. Asia Pacific Business Review 2010, 16(1-2):83-202.
    • (2010) Asia Pacific Business Review , vol.16 , Issue.1-2 , pp. 83-202
    • Anwar, S.1    Nguyen, L.P.2
  • 16
    • 79959787232 scopus 로고    scopus 로고
    • Financial development and economic growth in Vietnam, Journal of Economics and Finance, Forthcoming (available online ).
    • Anwar, S., Nguyen, L.P. (2011), Financial development and economic growth in Vietnam, Journal of Economics and Finance, Forthcoming (available online ). http://dx.doi.org/10.1007/s12197-009-9106-2.
    • (2011)
    • Anwar, S.1    Nguyen, L.P.2
  • 17
    • 79959783761 scopus 로고    scopus 로고
    • Bank Negara Malaysia (2010), Statistical bulletin, (accessed on 15.12.10).
    • Bank Negara Malaysia (2010), Statistical bulletin, (accessed on 15.12.10). http://www.bnm.gov.my/.
  • 18
    • 61549119761 scopus 로고    scopus 로고
    • Linking corporate productivity to foreign direct investment: An empirical assessment
    • Barbosa N., Eiriz V. Linking corporate productivity to foreign direct investment: An empirical assessment. International Business Review 2009, 18(1):1-13.
    • (2009) International Business Review , vol.18 , Issue.1 , pp. 1-13
    • Barbosa, N.1    Eiriz, V.2
  • 19
    • 0345868349 scopus 로고    scopus 로고
    • Stock markets, banks and growth: Panel evidence
    • Beck T., Levine R. Stock markets, banks and growth: Panel evidence. Journal of Banking and Finance 2004, 28:423-442.
    • (2004) Journal of Banking and Finance , vol.28 , pp. 423-442
    • Beck, T.1    Levine, R.2
  • 20
    • 1442311597 scopus 로고    scopus 로고
    • Public education expenditures and economic growth
    • Blankenau W., Simpson N. Public education expenditures and economic growth. Journal of Development Economics 2004, 73(2):583-605.
    • (2004) Journal of Development Economics , vol.73 , Issue.2 , pp. 583-605
    • Blankenau, W.1    Simpson, N.2
  • 21
    • 34250200096 scopus 로고    scopus 로고
    • Trade Liberalization, capital account liberalization and the real effects of financial development
    • Braun M., Raddatz C. Trade Liberalization, capital account liberalization and the real effects of financial development. Journal of International Money and Finance 2007, 26:730-761.
    • (2007) Journal of International Money and Finance , vol.26 , pp. 730-761
    • Braun, M.1    Raddatz, C.2
  • 22
    • 69449107168 scopus 로고    scopus 로고
    • The financial sector and economic growth
    • Cooray A. The financial sector and economic growth. Economic Record 2009, 85:S10-S21.
    • (2009) Economic Record , vol.85
    • Cooray, A.1
  • 23
    • 79959809860 scopus 로고    scopus 로고
    • The role of government in financial sector development, Economic Modelling, available online.
    • Cooray, A. (2011), The role of government in financial sector development, Economic Modelling, available online.
    • (2011)
    • Cooray, A.1
  • 24
    • 1542750491 scopus 로고    scopus 로고
    • Absorptive capacity and the effects of foreign direct investment and equity foreign portfolio investment on economic growth
    • Durham J. Absorptive capacity and the effects of foreign direct investment and equity foreign portfolio investment on economic growth. European Economic Review 2004, 48:285-306.
    • (2004) European Economic Review , vol.48 , pp. 285-306
    • Durham, J.1
  • 25
    • 58249118977 scopus 로고    scopus 로고
    • Financial development and growth: An empirical analysis
    • Federici D., Carioli F. Financial development and growth: An empirical analysis. Economic Modelling 2009, 26(2):285-294.
    • (2009) Economic Modelling , vol.26 , Issue.2 , pp. 285-294
    • Federici, D.1    Carioli, F.2
  • 26
    • 0043130229 scopus 로고    scopus 로고
    • Adjustment, trade policy and investment slumps: Evidence from Africa
    • Fielding D. Adjustment, trade policy and investment slumps: Evidence from Africa. Journal of Development Economics 1997, 52:121-137.
    • (1997) Journal of Development Economics , vol.52 , pp. 121-137
    • Fielding, D.1
  • 27
    • 43949162194 scopus 로고
    • The role of macroeconomic factors in growth
    • Fischer S. The role of macroeconomic factors in growth. Journal of Monetary Economics 1993, 32:485-512.
    • (1993) Journal of Monetary Economics , vol.32 , pp. 485-512
    • Fischer, S.1
  • 28
    • 70350084914 scopus 로고    scopus 로고
    • Human capital, economic growth, and regional inequality in China
    • Fleisher B., Li H., Zhao M.Q. Human capital, economic growth, and regional inequality in China. Journal of Development Economics 2009, 89(2):164-169.
    • (2009) Journal of Development Economics , vol.89 , Issue.2 , pp. 164-169
    • Fleisher, B.1    Li, H.2    Zhao, M.Q.3
  • 29
    • 12144283529 scopus 로고    scopus 로고
    • Exchange rate regime durability and performance in developing versus advanced economies
    • Husain A., Mody A., Rogoff K. Exchange rate regime durability and performance in developing versus advanced economies. Journal of Monetary Economics 2005, 52:35-64.
    • (2005) Journal of Monetary Economics , vol.52 , pp. 35-64
    • Husain, A.1    Mody, A.2    Rogoff, K.3
  • 30
    • 77956300947 scopus 로고    scopus 로고
    • The role of the financial sector in economic development: The Malaysian case
    • Ibrahim M.H. The role of the financial sector in economic development: The Malaysian case. International Review of Economics 2007, 54:463-483.
    • (2007) International Review of Economics , vol.54 , pp. 463-483
    • Ibrahim, M.H.1
  • 31
    • 78651469353 scopus 로고    scopus 로고
    • Impact of financial development on economic growth: Empirical evidence from Pakistan
    • Jalil A., Feridun M. Impact of financial development on economic growth: Empirical evidence from Pakistan. Journal of the Asia Pacific Economy 2011, 16(1):71-80.
    • (2011) Journal of the Asia Pacific Economy , vol.16 , Issue.1 , pp. 71-80
    • Jalil, A.1    Feridun, M.2
  • 32
    • 20444367720 scopus 로고    scopus 로고
    • The shape of the production function and the direction of technical change
    • Jones C. The shape of the production function and the direction of technical change. Quarterly Journal of Economics 2005, 120:517-550.
    • (2005) Quarterly Journal of Economics , vol.120 , pp. 517-550
    • Jones, C.1
  • 33
    • 0034105346 scopus 로고    scopus 로고
    • Output and the real exchange rate in developing countries: An application to Mexico
    • Kamin S., Rogers J. Output and the real exchange rate in developing countries: An application to Mexico. Journal of Development Economics 2000, 61:85-109.
    • (2000) Journal of Development Economics , vol.61 , pp. 85-109
    • Kamin, S.1    Rogers, J.2
  • 34
    • 34247482883 scopus 로고
    • Finance and growth: Schumpeter might be right
    • King R., Levine R. Finance and growth: Schumpeter might be right. Quarterly Journal of Economics 1993, 108:717-737.
    • (1993) Quarterly Journal of Economics , vol.108 , pp. 717-737
    • King, R.1    Levine, R.2
  • 38
    • 0036822431 scopus 로고    scopus 로고
    • Bank-based or market-based financial systems: Which is better?
    • Levine R. Bank-based or market-based financial systems: Which is better?. Journal of Financial Intermediation 2002, 11:398-428.
    • (2002) Journal of Financial Intermediation , vol.11 , pp. 398-428
    • Levine, R.1
  • 39
    • 66049116661 scopus 로고    scopus 로고
    • Finance and growth: theory and evidence
    • Elsevier Science, Netherlands, P. Aghion, S. Durlauf (Eds.)
    • Levine R. Finance and growth: theory and evidence. Handbook of economic growth 2005, 865-934. Elsevier Science, Netherlands. P. Aghion, S. Durlauf (Eds.).
    • (2005) Handbook of economic growth , pp. 865-934
    • Levine, R.1
  • 40
    • 33747841875 scopus 로고    scopus 로고
    • The role of financial development in economic growth: The experiences of Taiwan, Korea, and Japan
    • Liu W.C., Hsu C. The role of financial development in economic growth: The experiences of Taiwan, Korea, and Japan. Journal of Asian Economics 2006, 17:667-690.
    • (2006) Journal of Asian Economics , vol.17 , pp. 667-690
    • Liu, W.C.1    Hsu, C.2
  • 41
    • 45549121614 scopus 로고
    • On the mechanics of economic development
    • Lucas R. On the mechanics of economic development. Journal of Monetary Economics 1988, 22:3-42.
    • (1988) Journal of Monetary Economics , vol.22 , pp. 3-42
    • Lucas, R.1
  • 42
    • 0027388658 scopus 로고
    • On the determinants of direct foreign investment: Evidence from East and Southeast Asia
    • Lucas R. On the determinants of direct foreign investment: Evidence from East and Southeast Asia. World Development 1993, 21:391-409.
    • (1993) World Development , vol.21 , pp. 391-409
    • Lucas, R.1
  • 44
    • 0000685408 scopus 로고
    • Non-causality due to omitted variables
    • Lütkepohl H. Non-causality due to omitted variables. Journal of Econometrics 1982, 19:367-378.
    • (1982) Journal of Econometrics , vol.19 , pp. 367-378
    • Lütkepohl, H.1
  • 45
    • 2942558342 scopus 로고    scopus 로고
    • The effect of foreign capital and imports on economic growth further evidence from four Asian countries (1970-1998)
    • Marwah K., Tavakoli A. The effect of foreign capital and imports on economic growth further evidence from four Asian countries (1970-1998). Journal of Asian Economics 2004, 15:399-413.
    • (2004) Journal of Asian Economics , vol.15 , pp. 399-413
    • Marwah, K.1    Tavakoli, A.2
  • 46
    • 0001920489 scopus 로고
    • A conceptual framework for analysing the financial environment
    • Harvard Business School, Boston, D.B. Crane (Ed.)
    • Merton R.C., Bodie Z. A conceptual framework for analysing the financial environment. The global financial system: A functional perspective 1995, Harvard Business School, Boston. D.B. Crane (Ed.).
    • (1995) The global financial system: A functional perspective
    • Merton, R.C.1    Bodie, Z.2
  • 47
    • 77954864401 scopus 로고    scopus 로고
    • Finance-investment-growth Nexus in South Africa: An ARDL-bounds testing procedure
    • available online March, doi:10.1007/s10644-010r-r9085-5.
    • Odhiambo N.M. Finance-investment-growth Nexus in South Africa: An ARDL-bounds testing procedure. Economic Change and Restructuring 2010, available online March, doi:10.1007/s10644-010r-r9085-5.
    • (2010) Economic Change and Restructuring
    • Odhiambo, N.M.1
  • 48
    • 0037230843 scopus 로고    scopus 로고
    • FDI and uncertainty: The Malaysian case
    • Ramasamy B. FDI and uncertainty: The Malaysian case. Journal of Asia Pacific Economy 2003, 8(1):85-101.
    • (2003) Journal of Asia Pacific Economy , vol.8 , Issue.1 , pp. 85-101
    • Ramasamy, B.1
  • 49
    • 84936526527 scopus 로고
    • Increasing return and long-run growth
    • Romer P. Increasing return and long-run growth. Journal of Political Economy 1986, 94:1002-1037.
    • (1986) Journal of Political Economy , vol.94 , pp. 1002-1037
    • Romer, P.1
  • 51
    • 70449120130 scopus 로고    scopus 로고
    • Does foreign direct investment lead to productivity spillovers? Firm level evidence from Indonesia
    • Suyanto S., Salim R.A., Bloch H. Does foreign direct investment lead to productivity spillovers? Firm level evidence from Indonesia. World Development 2009, 37(12):161-1876.
    • (2009) World Development , vol.37 , Issue.12 , pp. 161-1876
    • Suyanto, S.1    Salim, R.A.2    Bloch, H.3
  • 52
    • 50349091872 scopus 로고    scopus 로고
    • Does financial development cause economic growth? Implication for policy in Korea
    • Yang Y.Y., Yi M.H. Does financial development cause economic growth? Implication for policy in Korea. Journal of Policy Modelling 2008, 30(5):827-840.
    • (2008) Journal of Policy Modelling , vol.30 , Issue.5 , pp. 827-840
    • Yang, Y.Y.1    Yi, M.H.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.