Time series analysis of factors affecting the demand for local rice in Malaysia
The own price, income and price of a substitute are the determinants of demand in the classical theory of consumer behavior. We used the theory to analyze the demand for local rice in Malaysia by using time series variables. We examined whether there is a long run relationship among the variables by...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Food Science and Technology, Universiti Putra Malaysia
2015
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| Online Access: | http://psasir.upm.edu.my/id/eprint/13069/ http://psasir.upm.edu.my/id/eprint/13069/1/%2819%29.pdf |
| _version_ | 1848842010722566144 |
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| author | Chung, Bon Hee Tan, J. R. |
| author_facet | Chung, Bon Hee Tan, J. R. |
| author_sort | Chung, Bon Hee |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The own price, income and price of a substitute are the determinants of demand in the classical theory of consumer behavior. We used the theory to analyze the demand for local rice in Malaysia by using time series variables. We examined whether there is a long run relationship among the variables by using the unit root and cointegration tests. We then conducted the Granger causality, variance decomposition and impulse response function tests to examine their directions of causality as well as short term dynamics. The results show that there is a long run relationship among the variables and a unidirectional causality from price and income to demand. There are also lagged and short term dynamics among the variables. |
| first_indexed | 2025-11-15T07:52:20Z |
| format | Article |
| id | upm-13069 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T07:52:20Z |
| publishDate | 2015 |
| publisher | Faculty of Food Science and Technology, Universiti Putra Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-130692016-01-27T03:05:38Z http://psasir.upm.edu.my/id/eprint/13069/ Time series analysis of factors affecting the demand for local rice in Malaysia Chung, Bon Hee Tan, J. R. The own price, income and price of a substitute are the determinants of demand in the classical theory of consumer behavior. We used the theory to analyze the demand for local rice in Malaysia by using time series variables. We examined whether there is a long run relationship among the variables by using the unit root and cointegration tests. We then conducted the Granger causality, variance decomposition and impulse response function tests to examine their directions of causality as well as short term dynamics. The results show that there is a long run relationship among the variables and a unidirectional causality from price and income to demand. There are also lagged and short term dynamics among the variables. Faculty of Food Science and Technology, Universiti Putra Malaysia 2015 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/13069/1/%2819%29.pdf Chung, Bon Hee and Tan, J. R. (2015) Time series analysis of factors affecting the demand for local rice in Malaysia. International Food Research Journal, 22 (5). pp. 1870-1877. ISSN 1985-4668; ESSN: 2231-7546 http://www.ifrj.upm.edu.my/22%20%2805%29%202015/%2819%29.pdf |
| spellingShingle | Chung, Bon Hee Tan, J. R. Time series analysis of factors affecting the demand for local rice in Malaysia |
| title | Time series analysis of factors affecting the demand for local rice in Malaysia |
| title_full | Time series analysis of factors affecting the demand for local rice in Malaysia |
| title_fullStr | Time series analysis of factors affecting the demand for local rice in Malaysia |
| title_full_unstemmed | Time series analysis of factors affecting the demand for local rice in Malaysia |
| title_short | Time series analysis of factors affecting the demand for local rice in Malaysia |
| title_sort | time series analysis of factors affecting the demand for local rice in malaysia |
| url | http://psasir.upm.edu.my/id/eprint/13069/ http://psasir.upm.edu.my/id/eprint/13069/ http://psasir.upm.edu.my/id/eprint/13069/1/%2819%29.pdf |