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AIA, AFTA and Domestic Private Investment: Evidence from Malaysia

Jurnal Ekonomi Malaysia

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Title AIA, AFTA and Domestic Private Investment: Evidence from Malaysia
 
Creator Masron, Tajul Ariffin
Mohd Nor, Abu Hassan Shaari
 
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Description ABSTRACTThe ASEAN Free Trade Area (AFTA) was proposed in 1992 and followed by the introduction of the ASEAN Investment Area (AIA) in 1998. Both are meant to promote regional economic prosperity through improvements in regional trade and investment.  Unfortunately, to date, there is no clear sign that either AFTA or the AIA can really trigger regional economicactivity and, therefore, spur regional economic development. The main point often neglected in literature concerning the implications of AFTA and AIA on regional economic development is the role and development of domestic private investment (DPI). In other words, AFTA and AIA will only result in positive and sustainable economic impacts on regional economic development if such developments followed or supported by the development of domestic private investment in each ASEAN member country. Hence, this study aims to investigate the implication of AFTA and AIA on  Malaysian DPI.Keywords: AFTA; AIA; Domestic Private InvestmentABSTRAKKawasan Perdagangan Bebas ASEAN (AFTA) telah dicadangkan pada 1992 dan lanjutan dari AFTA, Kawasan Pelaburan ASEAN (AIA) telah diperkenalkan pada 1998. Kedua-duanya bertujuan untuk mempromosi kemakmuran ekonomi serantau melalui perkembangan perdagangan dan pelaburan serantau. Malangnya, sehingga ke hari ini, tiada petunjuk yang jelassama ada AFTA atau AIA mampu melonjakkan aktiviti ekonomi serantau dan seterusnya menggalakkan pembangunan ekonomi serantau. Perkara utama yang selalu tercicir dalam perbincangan apabila sesiapa membincangkan implikasi AFTA dan AIA ialah peranan dan perkembangan pelaburan domestik sektor swasta (DPI). Dalam lain perkataan, AFTA dan AIA hanya akan menghasilkan kesan ekonomi yang positif dan lestari ke atas pembangunan ekonomi serantau sekiranya ianya disokong oleh pembangunan pelaburan domestik sektor swasta di setiap negara ASEAN. Oleh itu, kajianini bertujuan untuk mengkaji implikasi AFTA dan AIA ke atas DPI di Malaysia.Kata kunci: AFTA; AIA; Pelaburan Domestik Sektor Swasta
 
Publisher Universiti Kebangsaan Malaysia
 
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Date 2012-12-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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Format application/pdf
 
Identifier http://ejournal.ukm.my/jem/article/view/2729
 
Source Jurnal Ekonomi Malaysia; Vol 46, No 2 (2012): Jurnal Ekonomi Malaysia
0126-1962
 
Language eng
 
Relation http://ejournal.ukm.my/jem/article/view/2729/1779
 
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