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Demand for machinery and manufactured goods in Malaysia

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  • Siddique, M.A.B.

Abstract

This study empirically estimates import demand functions for (i) manufactured goods, (ii) machinery and manufactured articles and (iii) aggregate imports for Malaysia and discusses the implications of the results. Income and price elasticities of demand are empirically estimated using log-linear functional forms and annual data for the period 1979–1992. The estimated results show that real income and prices are important determinants of import demand. Imports to Malaysia are, generally, income-elastic suggesting that as the Malaysian economy grows, demand for imports will grow at a faster rate. Price elasticities were found to be significant and greater than one in both the import demand equations suggesting that demand for these imported goods into Malaysia is price-elastic.

Suggested Citation

  • Siddique, M.A.B., 1997. "Demand for machinery and manufactured goods in Malaysia," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 43(3), pages 481-486.
    • Handle: RePEc:eee:matcom:v:43:y:1997:i:3:p:481-486
    DOI: 10.1016/S0378-4754(97)00035-9
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    References listed on IDEAS

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    1. Khan, Mohsm S. & Ross, Knud Z., 1977. "The functional form of the aggregate import demand equation," Journal of International Economics, Elsevier, vol. 7(2), pages 149-160, May.
    2. Boylan, T. A. & Cuddy, M. P. & O'Muircheartaigh, I., 1980. "The functional form of the aggregate import demand equation : A comparison of three European economies," Journal of International Economics, Elsevier, vol. 10(4), pages 561-566, November.
    3. Morris Goldstein & Mohsin S. Khan, 1976. "Large versus Small Price Changes and the Demand for Imports (Demande d'importation et modification forte ou faible des prix) (Grandes y pequeñas variaciones de precios y la demanda de importación)," IMF Staff Papers, Palgrave Macmillan, vol. 23(1), pages 200-225, March.
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