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A Model for the Rice and Wheat Economy in Malaysia: An Empirical Assessment of Alternative Specifications

A model of the Malaysian rice and wheat economy is specified and fitted to data from 1960-87. Several diagnostic tests were employed in the analysis to determine the specification of the model. The present work incorporates the interaction between rice and wheat. The estimate for the short-run sup...

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Main Author: Baharumshah, Ahmad Zubaidi
Format: Article
Language:English
English
Published: 1989
Online Access:http://psasir.upm.edu.my/id/eprint/2827/1/Flavonoid_Glycosides_from_the_Pinnae_of_Lunathyriumjaponicum.pdf
http://psasir.upm.edu.my/id/eprint/2827/
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spelling my.upm.eprints.28272013-05-27T07:03:45Z http://psasir.upm.edu.my/id/eprint/2827/ A Model for the Rice and Wheat Economy in Malaysia: An Empirical Assessment of Alternative Specifications Baharumshah, Ahmad Zubaidi A model of the Malaysian rice and wheat economy is specified and fitted to data from 1960-87. Several diagnostic tests were employed in the analysis to determine the specification of the model. The present work incorporates the interaction between rice and wheat. The estimate for the short-run supply price elasticity is 0.03 while the long-run price elasticity is estimated at 0.11. The matrix of price and income elasticities obtained from the demand analysis indicates that the own-price elasticities are less than unity. The present work supports the hypothesis that rice is an inferior good while wheat is normal. The leVel of imports depends on domestic supply, income level and domestic prices of rice and wheat. 1989 Article NonPeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/2827/1/Flavonoid_Glycosides_from_the_Pinnae_of_Lunathyriumjaponicum.pdf Baharumshah, Ahmad Zubaidi (1989) A Model for the Rice and Wheat Economy in Malaysia: An Empirical Assessment of Alternative Specifications. Pertanika, 14 (3). pp. 383-391. English
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
English
description A model of the Malaysian rice and wheat economy is specified and fitted to data from 1960-87. Several diagnostic tests were employed in the analysis to determine the specification of the model. The present work incorporates the interaction between rice and wheat. The estimate for the short-run supply price elasticity is 0.03 while the long-run price elasticity is estimated at 0.11. The matrix of price and income elasticities obtained from the demand analysis indicates that the own-price elasticities are less than unity. The present work supports the hypothesis that rice is an inferior good while wheat is normal. The leVel of imports depends on domestic supply, income level and domestic prices of rice and wheat.
format Article
author Baharumshah, Ahmad Zubaidi
spellingShingle Baharumshah, Ahmad Zubaidi
A Model for the Rice and Wheat Economy in Malaysia: An Empirical Assessment of Alternative Specifications
author_facet Baharumshah, Ahmad Zubaidi
author_sort Baharumshah, Ahmad Zubaidi
title A Model for the Rice and Wheat Economy in Malaysia: An Empirical Assessment of Alternative Specifications
title_short A Model for the Rice and Wheat Economy in Malaysia: An Empirical Assessment of Alternative Specifications
title_full A Model for the Rice and Wheat Economy in Malaysia: An Empirical Assessment of Alternative Specifications
title_fullStr A Model for the Rice and Wheat Economy in Malaysia: An Empirical Assessment of Alternative Specifications
title_full_unstemmed A Model for the Rice and Wheat Economy in Malaysia: An Empirical Assessment of Alternative Specifications
title_sort model for the rice and wheat economy in malaysia: an empirical assessment of alternative specifications
publishDate 1989
url http://psasir.upm.edu.my/id/eprint/2827/1/Flavonoid_Glycosides_from_the_Pinnae_of_Lunathyriumjaponicum.pdf
http://psasir.upm.edu.my/id/eprint/2827/
_version_ 1643822433103249408
score 13.209306

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