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Specification issues and the estimation of supply equation for rice in Malaysia

The supply model was nested in the general partial adjustment-adaptive expectation model. The results of the diagnostic tests suggest that the partial adjustment model is the preferred specification for the rice equation in Malaysia. The preferred model match with two other diagnostic tests: logline...

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Main Author: Baharumshah, Ahmad Zubaidi
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 1991
Online Access:http://psasir.upm.edu.my/id/eprint/22978/1/Specification%20issues%20and%20the%20estimation%20of%20supply%20equation%20for%20rice%20in%20Malaysia.pdf
http://psasir.upm.edu.my/id/eprint/22978/
http://www.ukm.my/fep/jem/content/1991-2.html
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spelling my.upm.eprints.229782016-02-01T05:07:38Z http://psasir.upm.edu.my/id/eprint/22978/ Specification issues and the estimation of supply equation for rice in Malaysia Baharumshah, Ahmad Zubaidi The supply model was nested in the general partial adjustment-adaptive expectation model. The results of the diagnostic tests suggest that the partial adjustment model is the preferred specification for the rice equation in Malaysia. The preferred model match with two other diagnostic tests: loglinear specification and autocorrelation. The estimates for the short-run price elasticity of supply are fairly low, 0.03 and the long-run elasticity is estimated at 0.11. The low price elasticities are generally in agreement with those reported earlier. Penerbit Universiti Kebangsaan Malaysia 1991-12 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/22978/1/Specification%20issues%20and%20the%20estimation%20of%20supply%20equation%20for%20rice%20in%20Malaysia.pdf Baharumshah, Ahmad Zubaidi (1991) Specification issues and the estimation of supply equation for rice in Malaysia. Jurnal Ekonomi Malaysia, 24. pp. 3-16. ISSN 0126-1962 http://www.ukm.my/fep/jem/content/1991-2.html
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
description The supply model was nested in the general partial adjustment-adaptive expectation model. The results of the diagnostic tests suggest that the partial adjustment model is the preferred specification for the rice equation in Malaysia. The preferred model match with two other diagnostic tests: loglinear specification and autocorrelation. The estimates for the short-run price elasticity of supply are fairly low, 0.03 and the long-run elasticity is estimated at 0.11. The low price elasticities are generally in agreement with those reported earlier.
format Article
author Baharumshah, Ahmad Zubaidi
spellingShingle Baharumshah, Ahmad Zubaidi
Specification issues and the estimation of supply equation for rice in Malaysia
author_facet Baharumshah, Ahmad Zubaidi
author_sort Baharumshah, Ahmad Zubaidi
title Specification issues and the estimation of supply equation for rice in Malaysia
title_short Specification issues and the estimation of supply equation for rice in Malaysia
title_full Specification issues and the estimation of supply equation for rice in Malaysia
title_fullStr Specification issues and the estimation of supply equation for rice in Malaysia
title_full_unstemmed Specification issues and the estimation of supply equation for rice in Malaysia
title_sort specification issues and the estimation of supply equation for rice in malaysia
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 1991
url http://psasir.upm.edu.my/id/eprint/22978/1/Specification%20issues%20and%20the%20estimation%20of%20supply%20equation%20for%20rice%20in%20Malaysia.pdf
http://psasir.upm.edu.my/id/eprint/22978/
http://www.ukm.my/fep/jem/content/1991-2.html
_version_ 1643827930722205696
score 13.211869

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