Public capital hypothesis explains that a positive relationship exists between private and public investment. This paper examines the validity of the hypothesis by using a panel time series analysis on four sectors of the Malaysian economy (agriculture, industry and trade, transportation and...

The reliance on non-renewable energy sources is the influence scheming international energy markets and macroeconomic dynamics. Developing economies remain volatile to energy markets due to their heavy reliance on non-renewable energy sources and their low capability to maintain stable energy...

The dependence on non-renewable energy sources is the key factor controlling international oil prices, geoeconomics, geopolitical and geostrategic relations, business and macroeconomic dynamics. The developing economies remain volatile to oil price due to their heavy reliance on non-renewable...

Economists have argued that public capital is one of the important business stimuli to the performance of private capital expenditure. This argument is considered as the main essence in the theory Public Capital Hypothesis (PCH) that proposed by Aschauer. PCH postulates that a positive...

It is generally accepted that the government plays a major role in promoting and/or financing private capital formation. Policymakers and analysts believe that public investment provides a significant stimulus to private investment, and thus serves as an instrument in achieving a high economic...