Capital subsidies, Capital intensity, Investment, Malaysia
In an earlier paper in this journal, I examined the effect that the provision of capital subsidies, in the form of tax holidays whose duration depends on the level of capital investment, had on the capital-intensity of manufacturing in Peninsular Malaysia. The following basic equations were estimated, by ordinary least squares, for twelve industry-groups for 1972...
Australian Economic Papers
Lim, D. (1981). Another look at the effect of capital subsidies on capital-intensity. Australian Economic Papers, 20 (37), 376-382. http://dx.doi.org/10.1111/j.1467-8454.1981.tb00363.x