Financial Development and Economic Growth in Malaysia

1. Auflage 2010
ISBN: 978-0-415-59615-2
Verlag: Routledge

Buch, Englisch, 214 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 348 g

Reihe: Routledge Studies in the Growth Economies of Asia

This book is concerned with the role of financial intermediation in economic development and growth in the context of Malaysia. Using an analytical framework, the author investigates the Malaysian economy from 1960 onwards to examine how far financial development has progressed in the course of economic development, and whether it has been instrumental in promoting economic growth.

A significant improvement in the Malaysian financial system, coupled with rapid economic growth and a rich history of financial sector reforms, makes Malaysia an interesting case study for this subject. The author shows that some government interventions seem to have impacted negatively on economic growth, whereas repressionist financial policies such as interest rate controls, high reserve requirements and directed credit programmes seem to have contributed positively to financial development. The analysis concludes that financial development leads to higher output growth via promoting private saving and private investment.

Shedding light on the evolutionary role of financial system and the interacting mechanisms between financial development and economic growth, this book will be of interest to those interested in economic and financial development, financial liberalization, saving behaviour and investment analysis and Asian Studies.

Autoren/Hrsg.

Ang, James B.

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Management Internationales Management
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftswachstum
• Wirtschaftswissenschaften Betriebswirtschaft Bereichsspezifisches Management Außenhandel
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Sozialwissenschaften Politikwissenschaft Internationale Beziehungen Entwicklungspolitik, Nord-Süd Beziehungen

Inhaltsverzeichnis

1. Introduction 2. Finance and Development 3. The Malaysian Economy and its Financial System 4. Data, Variable Construction and Estimation 5. Financial Deepening and its Determinants 6. The Patterns and Determinants of Private Savings 7. The Determinants of Private Investment 8. The Saving and Investment Nexus 9. Financial Intermediation and Economic Growth 10. Conclusion

Über Autor(innen)

James B. Ang is Lecturer in the Department of Economics, Monash University, Australia. His research interests are Finance and Development, Financial Liberalization, Macroeconomics and the Southeast Asian Economies.