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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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
1991
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| Online Access: | http://psasir.upm.edu.my/id/eprint/22978/ http://psasir.upm.edu.my/id/eprint/22978/1/Specification%20issues%20and%20the%20estimation%20of%20supply%20equation%20for%20rice%20in%20Malaysia.pdf |
| _version_ | 1848844631063658496 |
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| author | Baharumshah, Ahmad Zubaidi |
| author_facet | Baharumshah, Ahmad Zubaidi |
| author_sort | Baharumshah, Ahmad Zubaidi |
| building | UPM Institutional Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-15T08:33:59Z |
| format | Article |
| id | upm-22978 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T08:33:59Z |
| publishDate | 1991 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-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 |
| spellingShingle | Baharumshah, Ahmad Zubaidi Specification issues and the estimation of supply equation for rice in Malaysia |
| title | 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_short | 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 |
| url | http://psasir.upm.edu.my/id/eprint/22978/ http://psasir.upm.edu.my/id/eprint/22978/ http://psasir.upm.edu.my/id/eprint/22978/1/Specification%20issues%20and%20the%20estimation%20of%20supply%20equation%20for%20rice%20in%20Malaysia.pdf |