The Impact of China’s Investment on Malaysia

Document Type: Research Paper

Authors

Faculty of Economics & Management, University Kebangsaan Malaysia, Bangi Selangor, Malaysia

Abstract

China has been moving out from its country into other countries in the world, including Malaysia, with some positive and negative news. We are to examine the impact of China’s investment on our employment, price level and productivity as well as sectoral stock market performances: consumer products and services; construction and industrial sectors. The causality analyses on quarterly data from 2008 to 2018 show some significant positive and negative impact of China’s investment on Malaysia. China’s investment contributes to the growth of consumer product and service sector stock market and lower production price level. On the other hand, construction and industrial sectoral indices exhibit negative performances. There is no significant impact on productivity and employability. Despite of having relatively small contribution impact from China, the long-run cointegration exhibits that the variables are moving together over time. Thus, monitoring the inflows of the FDI is crucial.

Keywords

Main Subjects


Article Title [Persian]

تاثیر سرمایه گذاری چین در مالزی

Authors [Persian]

  • نور آزریانی عزیری
  • کوین کک وای هین
  • هوی خیان پانگ
  • لی تنگ یونگ
دانشکده اقتصاد و مدیریت، دانشگاه کبانگسان مالزی، بانگی سلانگور، مالزی
Abstract [Persian]

کشور چین از محدوده جغرافیایی خود پا فراتر گذاشته و در حال ورود به سایر کشورهای جهان مثل مالزی است. این مسئله خبرهای خوب و بد به همراه داشته است. ما به دنبال بررسی تاثیر سرمایه گذاری چین در مالزی روی بیکاری، سطح قیمت ها، و بهره وری و همچنین عملکرد لایه های مختلف بازار بورس (شامل گروه های کالاهای مصرفی و خدمات، ساختمان، و صنعت) هستیم. تحلیل های علّی داده های فصلی از سال 2008 تا سال 2018 چند اثر معنادار مثبت و منفی سرمایه گذاری چین در مالزی را نشان می دهد. سرمایه گذاری چین به رشد گروه کالاهای مصرفی و خدمات در بازار بورس و پایین آوردن سطح قیمت تمام شده محصولات کمک می کند. از سوی دیگر، شاخص گروه های ساختمان و صنعت عملکرد منفی نشان می دهد. همچنین، سرمایه گذاری چین هیچ اثر معناداری بر بهره وری و افزایش فرصت های استخدامی ندارد. علی رغم اثرات ناچیز سرمایه گذاری چین در مالزی، تحلیل همگرایی درازمدت نشان می دهد که این متغیرها در طول زمان به هم نزدیک می شوند. بنابراین، زیر نظر گرفتن ورودی سرمایه گذاری مستقیم خارجی ضروری است.

Keywords [Persian]

  • چین
  • سرمایه گذاری مستقیم خارجی
  • مالزی
  • بیکاری
  • بازار بورس
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