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


Citation

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

Abstract

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.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Publisher: Penerbit Universiti Kebangsaan Malaysia
Keywords: Rice equation; Supply model; Malaysia
Depositing User: Nabilah Mustapa
Date Deposited: 01 Feb 2016 05:07
Last Modified: 01 Feb 2016 05:07
URI: http://psasir.upm.edu.my/id/eprint/22978
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