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The determinants of the utilisation of government-backed loan schemes: a case study of Malaysia

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journal contribution
posted on 04.01.2011, 15:04 by Madhu Kanbur, Grahame Boocock, Yen Siew Hwa
Government-backed loan schemes have been introduced in many countries to enable small and medium-sized enterprise (SMEs) to have access to funding at a reasonable cost. This paper focuses on the operation of the Credit Guarantee Corporation (CGC) in Malaysia. A model to determine the utilisation of the CGC’s facilities is developed. The equilibrium level of utilisation is derived by solving a reduced form equation which balances supply and demand factors. In an ex-post simulation test, our estimated model tracked the behaviour of the actual data reasonably accurately. The implications of the model’s findings for CGC, SMEs, banks and public policy makers are explored.

History

School

  • Business and Economics

Department

  • Business

Citation

KANBU, M., BOOCOCK, J.G. and HWA, Y.S., 1994. The determinants of the utilisation of government-backed loan schemes: a case study of Malaysia. The Singapore Economic Review, 39 (2), pp. 161-176.

Publisher

© World Scientific Publishing Company

Version

AM (Accepted Manuscript)

Publication date

1994

Notes

This is an electronic version of an article published in the journal, The Singapore Economic Review [© World Scientific Publishing Company]. Further details of the publication can be found at: http://www.worldscinet.com/ser/ser.shtml

ISSN

0217-5908;1793-6837

Language

en

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Keywords

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