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Category: Economics
This chapter attempts to shed some light on the impact of privatisation in the Malaysian water sector by employing a quantitative based empirical analysis. Malaysia is useful country case study on the impact of privatisation in the water sector. There is a variety of forms of institutions in its water sector – full privatisation, partial privatisation and state. The country is also a developing economy, with a significant rural area where access to treated water continues to be serious problem. Thus, the Malaysian water sector provides an opportunity for an empirical test of the impact of privatisation in a developing economy. Finally, this is the first study of the Malaysian water sector using household expenditure data.  Publication: UNRISD project on “Social Policy, Regulation and Private Sector Involvement in Water Supply???.  Author: Lee, Hong Kim Cassey. 

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Category: Economics

When talks emerged last year about expanding the air services agreement (ASA) between Malaysia and Singapore, industry observers took this as a sign that the Kuala Lumpur-Singapore route will be finally made available to other airlines, putting an end to the long-held stranglehold by ‘duopoly’, Malaysian Airlines System (MAS), which owns Malaysia Airlines and Singapore Airlines (SIA). Aviation analysts say that it is about time that Malaysia and Singapore open up the much-guarded route. The existing ASA was last reviewed nearly 30 years ago. Since then, all air traffic rights for the Kuala Lumpur-Singapore sector has been fully used up. As a result, new carriers were unable to service this route.

Budget airlines have been lobbying for the decades-old agreement to be dismantled, arguing that low-cost carriers (LCCs) will promote healthy competition, maximise efficiency, and ultimately, passing on gains to travellers through lower airfares. For travellers, this is indeed terrific news. Especially when they have to fork out over RM800 for a round-trip ticket, inclusive of fees and taxes, just for a mere 40minute ride.

Author: Wong, ChayNee. Publication: MIERScan, 28 May 2007. 

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Category: Consumer & Inflation

Maintaining a low and stable inflation rate has become one of the challenges in the macroeconomic management of most countries.   Among others, Malaysia has a very unique experience in terms of inflation.  The economy has experienced episodes of high (1973-1973, 1980-1981) and low (1985-1987) regimes of inflation, and was able to contain low and stable inflation during the high economic growth period of 1988-1996. The objective of this study is to identify important factors that contribute significantly to inflation in Malaysia.  This study also aimed to examine the possible existence of international and intra-ASEAN inflation transmission to Malaysia.  The analysis is carried out based on the time-series approach of multivariate cointegration, vector error-correction modeling, impulse response functions and variance decompositions.  The empirical results of this study show that external factors such as exchange rate and the rest of ASEAN's inflation are relatively more important than domesitc factor in explaining Malaysia's inflation.

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