umy documentsPhD PapersFINAL 3 Determinants of the Utilisation of Government-Backed LoanSchemes.pdf (86.21 kB)
The determinants of the utilisation of government-backed loan schemes: a case study of Malaysia
journal contribution
posted on 2011-01-04, 15:04 authored by Madhu Kanbur, Grahame Boocock, Yen Siew HwaGovernment-backed loan schemes have been introduced in many
countries to enable small and medium-sized enterprise (SMEs) to have
access to funding at a reasonable cost. This paper focuses on the
operation of the Credit Guarantee Corporation (CGC) in Malaysia. A
model to determine the utilisation of the CGC’s facilities is developed.
The equilibrium level of utilisation is derived by solving a reduced form
equation which balances supply and demand factors. In an ex-post
simulation test, our estimated model tracked the behaviour of the
actual data reasonably accurately. The implications of the model’s
findings for CGC, SMEs, banks and public policy makers are explored.
History
School
- Business and Economics
Department
- Business
Citation
KANBU, M., BOOCOCK, J.G. and HWA, Y.S., 1994. The determinants of the utilisation of government-backed loan schemes: a case study of Malaysia. The Singapore Economic Review, 39 (2), pp. 161-176.Publisher
© World Scientific Publishing CompanyVersion
- AM (Accepted Manuscript)
Publication date
1994Notes
This is an electronic version of an article published in the journal, The Singapore Economic Review [© World Scientific Publishing Company]. Further details of the publication can be found at: http://www.worldscinet.com/ser/ser.shtmlISSN
0217-5908;1793-6837Publisher version
Language
- en