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Title: The determinants of the utilisation of government-backed loan schemes: a case study of Malaysia
Authors: Kanbur, Madhu
Boocock, Grahame
Hwa, Yen Siew
Issue Date: 1994
Publisher: © World Scientific Publishing Company
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.
Abstract: Government-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.
Description: 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.shtml
Version: Accepted for publication
URI: https://dspace.lboro.ac.uk/2134/7664
Publisher Link: http://www.worldscinet.com/ser/ser.shtml
ISSN: 0217-5908
Appears in Collections:Published Articles (Business School)

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