Page 19 - ملخصات مؤتمر الخصخصة_Neat

‫ملخصات أبحاث مؤتمر الخصخصخة‬

Abstract

This article aims to study the privatization path in Malaysia. There are many reasons for
Malaysia to choose the privatization, the most important to reduce the ‘financial and
administrative burden of the government’, and the state has not been able to continue to
support the public sector, which was characterized by weak performance indicators.
Implementation of Privatization Policy varied in Malaysia depending on the nature and
importance of each company (Sale of Equity, Sale of Assets, System of Building-Operate-
Transfer, Build- Operate- Own …etc.). Malaysia posed clear programs to evaluate and
review the mechanisms of privatization and controlled the percentage of progress in each
project.
The results of "Granger causality test"indicate there is causality from the private
investment to unemployment rate and from gross domestic product to unemployment rate
and exports. The analysis of shocks showed that a positive shock in private investment by
one point would have a positive cumulative effect on GDP By 0.08 points after five years of
the shock, while unemployment will fall by -2.31 points over the same period, and the
private investment has a negative influence on the exports.
Keywords: Malaysia, Implementation of Privatization policy, Private investment,
causality, Vector Autoregressive Model, Analysis of shocks.

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