Capturing the effects of capital subsidies
研究发现马来西亚制造业的财政激励显著补贴了资本使用，导致资本密集度提高，该结论基于企业层面分析，避免了行业加总偏差。
Most developing countries provide fiscal incentives to encourage domestic and foreign investment. This study shows that these schemes subsidise significantly the use of capital and produce greater capital intensity in Malaysian manufacturing. These results were obtained by conducting the analysis at the establishment level, which avoids the artificial aggregation of establishments with different production structures into an industry‐group and having to choose an appropriate weighting system in the aggregation process.