Malaysia, Foreign corporation, Manufacturing, X-efficiency
It is often argued that foreign firms operating in less developed countries have greater X-efficiency than their local counterparts. However, little empirical evidence has been presented to substantiate this claim. This paper attempts to fill part of this gap, first, by presenting data on the level of capital utilisation in Malaysian and foreign firms in Malaysian manufacturing and, second, by testing the importance of X-efficiency in determining differences in the utilisation levels of the two categories of firms...
The Review of Economics and Statistics
Lim, D. (1976). Capital utilisation of local and foreign establishments in Malaysian manufacturing. The Review of Economics and Statistics, 58 (2), 209-217. http://dx.doi.org/10.2307/1924027