Demand for machinery and manufactured goods in Malaysia

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

This study empirically estimates import demand functions for (i) manufactured goods, (ii) machinery and manufactured articles and (iii) aggregate imports for Malaysia and discusses the implications of the results. Income and price elasticities of demand are empirically estimated using log-linear functional forms and annual data for the period 1979-92. The estimated results show that real income and prices are important determinants of import demand. Imports to Malaysia are, generally income-elastic suggesting that as the Malaysian economy grows, demand for imports will grow at a faster rate. Price elasticities were found to be significant and greater than one in both the import demand equations suggesting that demand for these imported goods into Malaysia is price-elastic.
Original languageEnglish
Pages (from-to)481-486
JournalMathematics and Computers in Simulation
Volume43
DOIs
Publication statusPublished - 1997

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Malaysia
Machinery
Elasticity
Linear Functional
Annual
Demand
Determinant
Estimate

Cite this

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title = "Demand for machinery and manufactured goods in Malaysia",
abstract = "This study empirically estimates import demand functions for (i) manufactured goods, (ii) machinery and manufactured articles and (iii) aggregate imports for Malaysia and discusses the implications of the results. Income and price elasticities of demand are empirically estimated using log-linear functional forms and annual data for the period 1979-92. The estimated results show that real income and prices are important determinants of import demand. Imports to Malaysia are, generally income-elastic suggesting that as the Malaysian economy grows, demand for imports will grow at a faster rate. Price elasticities were found to be significant and greater than one in both the import demand equations suggesting that demand for these imported goods into Malaysia is price-elastic.",
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Demand for machinery and manufactured goods in Malaysia. / Siddique, Abu.

In: Mathematics and Computers in Simulation, Vol. 43, 1997, p. 481-486.

Research output: Contribution to journalArticle

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