Private sector investment has been a key source of growth in Malaysia over the last three decades, but after an unprecedented decline in the wake of the Asian crisis it has remained sluggish in recent years. Using aggregate and firm-level data, this paper aims to explain these trends and their...

Intro -- Contents -- I. INTRODUCTION -- II. SOME STYLIZED FACTS -- III. DETERMINANTS OF PRIVATE INVESTMENT -- IV. CONCLUDING REMARKS -- APPENDIX: A CANONICAL MODEL OF CORPORATE INVESTMENT -- References.