Consumer Demand for Fresh Marine Fish in Peninsular Malaysia
The general objective of the study was to examine the consumer demand for fresh marine fish in Peninsular Malaysia. In particular, the study aimed at evaluating the important factors in determining the demand for fish, estimating elasticity values, as well as projecting the demand up to the year...
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| Main Author: | |
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| Format: | Thesis |
| Language: | English English |
| Published: |
1987
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| Subjects: | |
| Online Access: | http://psasir.upm.edu.my/id/eprint/8008/1/FEP_1987_3_.pdf http://psasir.upm.edu.my/id/eprint/8008/ |
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| Summary: | The general objective of the study was to examine the
consumer demand for fresh marine fish in Peninsular Malaysia. In
particular, the study aimed at evaluating the important factors
in determining the demand for fish, estimating elasticity values,
as well as projecting the demand up to the year 2000.
Two models were used, a single equation and a simultaneous
equation. A single equation model was us ed in the demand
analysis of fish by species and grades, whereas, the demand for
total fish was evaluated by the simultaneous equation demand model. To estimate the empirical models, annual data from the
period of 1950 to 1984 was used.
A single equation which was in the form of price dependent
model was estimated by using Ordinary Least Squares (OLS) and
Cochrane-Orcutt iterative techniques, whereas, the simultaneous
model was estimated by Two Stage Least Squares (2SLS).
It was found that the important variables in the single
equation model were income per capita, average price index of
fish and meat, trend and quantity of fish consumed per capita.
The results suggest that fresh marine fish can be either
normal, inferior, substitutes or complementary commodity
depending on the specific areas of the study. A similar
situation was observed with the own price elasticity of fresh marine fish. |
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