Citation
Ahmad Zubaidi Baharumshah, . Specification issues and the estimation of supply equation for rice in Malaysia. pp. 3-16.
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 prefered model matches 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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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 prefered model matches 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
Additional Metadata
| Item Type: | Article |
|---|---|
| Additional Information: | 4 tables; 15 ref.; Summaries (En Ms) |
| AGROVOC Term: | MALASIA |
| AGROVOC Term: | ARROZ |
| AGROVOC Term: | OFERTA |
| AGROVOC Term: | ELASTICIDAD DE LOS PRECIOS |
| Depositing User: | Ms. Norfaezah Khomsan |
| Last Modified: | 24 Apr 2025 05:56 |
| URI: | http://webagris.upm.edu.my/id/eprint/20449 |
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