The determinants of the utilisation of government-backed loan schemes: a case study of Malaysia
Government-backed loan schemes have been introduced in manycountries to enable small and medium-sized enterprise (SMEs) to haveaccess to funding at a reasonable cost. This paper focuses on theoperation of the Credit Guarantee Corporation (CGC) in Malaysia. Amodel to determine the utilisation of the CGC’s facilities is developed.The equilibrium level of utilisation is derived by solving a reduced formequation which balances supply and demand factors. In an ex-postsimulation test, our estimated model tracked the behaviour of theactual data reasonably accurately. The implications of the model’sfindings for CGC, SMEs, banks and public policy makers are explored.
Year of publication: |
1994
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Authors: | Kanbur, Madhu ; Boocock, Grahame ; Hwa, Yen Siew |
Publisher: |
World Scientific Publishing Company |
Saved in:
freely available
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