A demand equation for West Malaysian imports
This paper reports an econometric study of a import function for West Malaysia using time-series data for the period 1960-1974. The theoretical basis of the investigation is a postulated behavioural relationship between the quantity of imports of goods and services and several explanatory variables...
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Universiti Kebangsaan Malaysia
1978
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| Online Access: | http://journalarticle.ukm.my/4080/ http://journalarticle.ukm.my/4080/ |
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ukm-40802012-05-22T08:34:16Z http://journalarticle.ukm.my/4080/ A demand equation for West Malaysian imports Mohammad Haji Alias, This paper reports an econometric study of a import function for West Malaysia using time-series data for the period 1960-1974. The theoretical basis of the investigation is a postulated behavioural relationship between the quantity of imports of goods and services and several explanatory variables namely relative prices, lagged imports and gross national product. The results from the most preferred regression equation show that the coefficients for the relative price variable and income variable (represented by gross national product) are significant at the one percent level. However the coefficient for lagged imports is insignificant. Its insignificance is due to the problem of multicollinearity. Finally, the income elasticity of demand for imports is found to be approximately 0.7 implying that import demand is income inelastic. The price elasticity of demand for imports is found to be approximately 0.8. Universiti Kebangsaan Malaysia 1978 Article PeerReviewed Mohammad Haji Alias, (1978) A demand equation for West Malaysian imports. AKADEMIKA, 12 . pp. 53-64. ISSN 0126-5008 http://pkukmweb.ukm.my/penerbit/jdem12-4.htm |
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Digital Repository |
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Local University |
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Universiti Kebangasaan Malaysia |
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UKM Institutional Repository |
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Online Access |
| description |
This paper reports an econometric study of a import function for West Malaysia using time-series data for the period 1960-1974. The theoretical basis of the investigation is a postulated behavioural relationship between the quantity of imports of goods and services and several explanatory variables namely relative prices, lagged imports and gross national product.
The results from the most preferred regression equation show that the coefficients for the relative price variable and income variable (represented by gross national product) are significant at the one percent level. However the coefficient for lagged imports is insignificant. Its insignificance is due to the problem of multicollinearity.
Finally, the income elasticity of demand for imports is found to be approximately 0.7 implying that import demand is income inelastic. The price elasticity of demand for imports is found to be approximately 0.8. |
| format |
Article |
| author |
Mohammad Haji Alias, |
| spellingShingle |
Mohammad Haji Alias, A demand equation for West Malaysian imports |
| author_facet |
Mohammad Haji Alias, |
| author_sort |
Mohammad Haji Alias, |
| title |
A demand equation for West Malaysian imports |
| title_short |
A demand equation for West Malaysian imports |
| title_full |
A demand equation for West Malaysian imports |
| title_fullStr |
A demand equation for West Malaysian imports |
| title_full_unstemmed |
A demand equation for West Malaysian imports |
| title_sort |
demand equation for west malaysian imports |
| publisher |
Universiti Kebangsaan Malaysia |
| publishDate |
1978 |
| url |
http://journalarticle.ukm.my/4080/ http://journalarticle.ukm.my/4080/ |
| first_indexed |
2023-09-18T19:40:34Z |
| last_indexed |
2023-09-18T19:40:34Z |
| _version_ |
1777405561824870400 |