Massive public investment in Malaysia's MyRapid Transit project boosts economic growth.
Public investment in Malaysia's MyRapid Transit project aims to boost economic growth and welfare. By using a dynamic model, researchers studied how this 15 billion ringgit project impacts the economy. They found that investing in transport infrastructure can stimulate growth during construction and operation, and choosing personal income tax over debt for funding can have positive effects. The study also identified conditions where public investment can have a lasting impact on economic growth.