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Trade linkages and domestic market concentration: an empirical exploration for Malaysia

This paper examines the univariate relationship between global linkages of the Malaysian manufacturing sector in the form of export intensity and intra-industry trade, respectively, on inter-industry concentration. The recently developed fully modified ordinary least squares (FMOLS) and dynamic or...

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Main Authors: Evelyn S. Devadason,, Thirunaukarasu Subramaniam,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2014
Online Access:http://journalarticle.ukm.my/8399/1/jeko_48%281%29-1.pdf
http://journalarticle.ukm.my/8399/
http://www.ukm.my/fep/jem/index.html
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spelling my-ukm.journal.83992016-12-14T06:47:07Z http://journalarticle.ukm.my/8399/ Trade linkages and domestic market concentration: an empirical exploration for Malaysia Evelyn S. Devadason, Thirunaukarasu Subramaniam, This paper examines the univariate relationship between global linkages of the Malaysian manufacturing sector in the form of export intensity and intra-industry trade, respectively, on inter-industry concentration. The recently developed fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) panel cointegration techniques are employed. The estimated long-run coefficients reveal that intra-industry trade contributes towards more concentrated markets. However, export intensity is not significantly associated with market dominance. This suggests that domestic market structure is directly related to industries that engage in two-way trade flows or trade overlap. The structure of trade therefore deserves further attention when analyzing market dominance in the Malaysian manufacturing sector, which is globally integrated at the production level. It would thus be viable to examine why and to what extent vertically integrated industries that simultaneously facilitate not just external markets for components or final products but also the import markets for components (inputs) pose barriers to industries that are less networked globally. Penerbit Universiti Kebangsaan Malaysia 2014 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/8399/1/jeko_48%281%29-1.pdf Evelyn S. Devadason, and Thirunaukarasu Subramaniam, (2014) Trade linkages and domestic market concentration: an empirical exploration for Malaysia. Jurnal Ekonomi Malaysia, 48 (1). pp. 3-12. ISSN 0127-1962 http://www.ukm.my/fep/jem/index.html
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description This paper examines the univariate relationship between global linkages of the Malaysian manufacturing sector in the form of export intensity and intra-industry trade, respectively, on inter-industry concentration. The recently developed fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) panel cointegration techniques are employed. The estimated long-run coefficients reveal that intra-industry trade contributes towards more concentrated markets. However, export intensity is not significantly associated with market dominance. This suggests that domestic market structure is directly related to industries that engage in two-way trade flows or trade overlap. The structure of trade therefore deserves further attention when analyzing market dominance in the Malaysian manufacturing sector, which is globally integrated at the production level. It would thus be viable to examine why and to what extent vertically integrated industries that simultaneously facilitate not just external markets for components or final products but also the import markets for components (inputs) pose barriers to industries that are less networked globally.
format Article
author Evelyn S. Devadason,
Thirunaukarasu Subramaniam,
spellingShingle Evelyn S. Devadason,
Thirunaukarasu Subramaniam,
Trade linkages and domestic market concentration: an empirical exploration for Malaysia
author_facet Evelyn S. Devadason,
Thirunaukarasu Subramaniam,
author_sort Evelyn S. Devadason,
title Trade linkages and domestic market concentration: an empirical exploration for Malaysia
title_short Trade linkages and domestic market concentration: an empirical exploration for Malaysia
title_full Trade linkages and domestic market concentration: an empirical exploration for Malaysia
title_fullStr Trade linkages and domestic market concentration: an empirical exploration for Malaysia
title_full_unstemmed Trade linkages and domestic market concentration: an empirical exploration for Malaysia
title_sort trade linkages and domestic market concentration: an empirical exploration for malaysia
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2014
url http://journalarticle.ukm.my/8399/1/jeko_48%281%29-1.pdf
http://journalarticle.ukm.my/8399/
http://www.ukm.my/fep/jem/index.html
_version_ 1643737461330804736
score 13.211869

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