Estimation of beef supply and demand in Peninsular Malaysia: an application of cointegration and error correction model techniques
This study estimates a complete system of supply-demand equations and analyzes the effects of income and price changes on demand, age of animal, technology, and quantity of imported beef on local beef production. The cointegration and error correction model techniques were applied to the analysis of...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Routledge
2013
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/29370/ http://psasir.upm.edu.my/id/eprint/29370/1/Estimation%20of%20beef%20supply%20and%20demand%20in%20Peninsular%20Malaysia%20an%20application%20of%20cointegration%20and%20error%20correction%20model%20techniques.pdf |
| _version_ | 1848846380962938880 |
|---|---|
| author | Abd. Latif, Ismail Mohamed, Zainal Abidin Ahmed, Abdullahi Farah Shamsudin, Mad Nasir |
| author_facet | Abd. Latif, Ismail Mohamed, Zainal Abidin Ahmed, Abdullahi Farah Shamsudin, Mad Nasir |
| author_sort | Abd. Latif, Ismail |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study estimates a complete system of supply-demand equations and analyzes the effects of income and price changes on demand, age of animal, technology, and quantity of imported beef on local beef production. The cointegration and error correction model techniques were applied to the analysis of beef supply and demand in Peninsular Malaysia. Results indicated positive and significant supply response of price for each category of female cattle and buffalo age cohort. However, female cattle over 3 years of age were significant decision variables on the number of cattle (buffalo) to be slaughtered for beef production. On the demand side, expenditure and price of competing meats were the main factors that affected the quantity of beef consumed. The number of breeding cattle/buffalo should be increased through imports to retain a higher number of female calves and to improve the local beef cattle population. |
| first_indexed | 2025-11-15T09:01:48Z |
| format | Article |
| id | upm-29370 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T09:01:48Z |
| publishDate | 2013 |
| publisher | Routledge |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-293702016-07-13T01:48:27Z http://psasir.upm.edu.my/id/eprint/29370/ Estimation of beef supply and demand in Peninsular Malaysia: an application of cointegration and error correction model techniques Abd. Latif, Ismail Mohamed, Zainal Abidin Ahmed, Abdullahi Farah Shamsudin, Mad Nasir This study estimates a complete system of supply-demand equations and analyzes the effects of income and price changes on demand, age of animal, technology, and quantity of imported beef on local beef production. The cointegration and error correction model techniques were applied to the analysis of beef supply and demand in Peninsular Malaysia. Results indicated positive and significant supply response of price for each category of female cattle and buffalo age cohort. However, female cattle over 3 years of age were significant decision variables on the number of cattle (buffalo) to be slaughtered for beef production. On the demand side, expenditure and price of competing meats were the main factors that affected the quantity of beef consumed. The number of breeding cattle/buffalo should be increased through imports to retain a higher number of female calves and to improve the local beef cattle population. Routledge 2013 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/29370/1/Estimation%20of%20beef%20supply%20and%20demand%20in%20Peninsular%20Malaysia%20an%20application%20of%20cointegration%20and%20error%20correction%20model%20techniques.pdf Abd. Latif, Ismail and Mohamed, Zainal Abidin and Ahmed, Abdullahi Farah and Shamsudin, Mad Nasir (2013) Estimation of beef supply and demand in Peninsular Malaysia: an application of cointegration and error correction model techniques. Journal of International Food & Agribusiness Marketing, 25 (suppl.1). pp. 167-185. ISSN 0897-4438; ESSN: 1528-6983 http://www.tandfonline.com/doi/abs/10.1080/08974438.2013.815141 10.1080/08974438.2013.815141 |
| spellingShingle | Abd. Latif, Ismail Mohamed, Zainal Abidin Ahmed, Abdullahi Farah Shamsudin, Mad Nasir Estimation of beef supply and demand in Peninsular Malaysia: an application of cointegration and error correction model techniques |
| title | Estimation of beef supply and demand in Peninsular Malaysia: an application of cointegration and error correction model techniques |
| title_full | Estimation of beef supply and demand in Peninsular Malaysia: an application of cointegration and error correction model techniques |
| title_fullStr | Estimation of beef supply and demand in Peninsular Malaysia: an application of cointegration and error correction model techniques |
| title_full_unstemmed | Estimation of beef supply and demand in Peninsular Malaysia: an application of cointegration and error correction model techniques |
| title_short | Estimation of beef supply and demand in Peninsular Malaysia: an application of cointegration and error correction model techniques |
| title_sort | estimation of beef supply and demand in peninsular malaysia: an application of cointegration and error correction model techniques |
| url | http://psasir.upm.edu.my/id/eprint/29370/ http://psasir.upm.edu.my/id/eprint/29370/ http://psasir.upm.edu.my/id/eprint/29370/ http://psasir.upm.edu.my/id/eprint/29370/1/Estimation%20of%20beef%20supply%20and%20demand%20in%20Peninsular%20Malaysia%20an%20application%20of%20cointegration%20and%20error%20correction%20model%20techniques.pdf |