Assessing the existence of the 'J'-curve effect on trade in Malaysian forest products
This paper examines the dynamic effect of the Malaysian exchange rate indices on bilateral trade of Malaysian forest products namely fibreboard, particle board and pulp for paper. Special attention is given to investigate the 7-curve hypothesis: whether the trade balance for Malaysian forest product...
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| Veröffentlicht in: | Malaysian journal of economic studies 2014-12, Vol.51 (2), p.141-150 |
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| creator | AS Abdul-Rahim HO Mohd-Shahwahid |
| description | This paper examines the dynamic effect of the Malaysian exchange rate indices on bilateral trade of Malaysian forest products namely fibreboard, particle board and pulp for paper. Special attention is given to investigate the 7-curve hypothesis: whether the trade balance for Malaysian forest products benefits from a decline in the value of Ringgit Malaysia (RM). We adopted the autoregressive distributed lag (ARDL) approach to cointegration to estimate the annual bilateral trade data of Malaysian forest products from 1970 to 2010 with various countries in the world. We found no evidence of the 7-curve phenomenon for the trade in Malaysian forest products. The long-run analysis showed the exchange rate to be insignificant in influencing the trade balance of Malaysian forest products. This implies that there are no changes in the trade balance for fibreboard, particle board and pulp for paper trade, regardless of whether the Malaysian exchange rate depreciates or appreciates. However, income variables were found to be important factors in determining Malaysian trade, only in pulp for paper products. |
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Special attention is given to investigate the 7-curve hypothesis: whether the trade balance for Malaysian forest products benefits from a decline in the value of Ringgit Malaysia (RM). We adopted the autoregressive distributed lag (ARDL) approach to cointegration to estimate the annual bilateral trade data of Malaysian forest products from 1970 to 2010 with various countries in the world. We found no evidence of the 7-curve phenomenon for the trade in Malaysian forest products. The long-run analysis showed the exchange rate to be insignificant in influencing the trade balance of Malaysian forest products. This implies that there are no changes in the trade balance for fibreboard, particle board and pulp for paper trade, regardless of whether the Malaysian exchange rate depreciates or appreciates. However, income variables were found to be important factors in determining Malaysian trade, only in pulp for paper products.</description><identifier>ISSN: 1511-4554</identifier><language>eng</language><publisher>Kuala Lumpur: Malaysian Economic Association</publisher><subject>Economic aspects ; Economic crisis ; Elasticity of demand ; Exports ; Foreign exchange rates ; Forest products ; Forest products industry ; Hypotheses ; Impact analysis ; International trade ; Mathematical models ; Price elasticity ; Regression analysis ; Studies</subject><ispartof>Malaysian journal of economic studies, 2014-12, Vol.51 (2), p.141-150</ispartof><rights>Copyright Malaysian Economic Association Dec 2014</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,777,781</link.rule.ids></links><search><creatorcontrib>AS Abdul-Rahim</creatorcontrib><creatorcontrib>HO Mohd-Shahwahid</creatorcontrib><title>Assessing the existence of the 'J'-curve effect on trade in Malaysian forest products</title><title>Malaysian journal of economic studies</title><description>This paper examines the dynamic effect of the Malaysian exchange rate indices on bilateral trade of Malaysian forest products namely fibreboard, particle board and pulp for paper. Special attention is given to investigate the 7-curve hypothesis: whether the trade balance for Malaysian forest products benefits from a decline in the value of Ringgit Malaysia (RM). We adopted the autoregressive distributed lag (ARDL) approach to cointegration to estimate the annual bilateral trade data of Malaysian forest products from 1970 to 2010 with various countries in the world. We found no evidence of the 7-curve phenomenon for the trade in Malaysian forest products. The long-run analysis showed the exchange rate to be insignificant in influencing the trade balance of Malaysian forest products. This implies that there are no changes in the trade balance for fibreboard, particle board and pulp for paper trade, regardless of whether the Malaysian exchange rate depreciates or appreciates. However, income variables were found to be important factors in determining Malaysian trade, only in pulp for paper products.</description><subject>Economic aspects</subject><subject>Economic crisis</subject><subject>Elasticity of demand</subject><subject>Exports</subject><subject>Foreign exchange rates</subject><subject>Forest products</subject><subject>Forest products industry</subject><subject>Hypotheses</subject><subject>Impact analysis</subject><subject>International trade</subject><subject>Mathematical models</subject><subject>Price elasticity</subject><subject>Regression analysis</subject><subject>Studies</subject><issn>1511-4554</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2014</creationdate><recordtype>article</recordtype><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><recordid>eNpFj8tKAzEUhmehYK2-Q8BFVwNzcpnLshSvVNxYcBcymZNpyphokhF9e6MVXB04389_OSkWIABKLgQ_K85jPFQV65iARbFbx4gxWjeStEeCnzYmdBqJN7-P1cOq1HP4yMgY1Il4R1JQAxLryKOa1Fe0yhHjA8ZE3oIfZp3iRXFq1BTx8u8ui93N9fPmrtw-3d5v1ttyZLRNpWEtZRWlChFAK6h7hVTUneggg34AngVtAw1HaOqBIjW9grajNSITQ8WWxdXRNwe_z7mBPPg5uBwpoeact53IO5fFy1EVXm2S2k9THmK9iweVooyogt5L6_KGH-7DKAdvpeqzSSUZg_oftkwwmus1NRcMKvYN4d5p2g</recordid><startdate>20141201</startdate><enddate>20141201</enddate><creator>AS Abdul-Rahim</creator><creator>HO Mohd-Shahwahid</creator><general>Malaysian Economic Association</general><scope>0U~</scope><scope>1-H</scope><scope>3V.</scope><scope>4T-</scope><scope>4U-</scope><scope>7RO</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8AI</scope><scope>8AO</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>AXJJW</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>BVBZV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FREBS</scope><scope>FRNLG</scope><scope>F~G</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>L.0</scope><scope>M0C</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>Q9U</scope></search><sort><creationdate>20141201</creationdate><title>Assessing the existence of the 'J'-curve effect on trade in Malaysian forest products</title><author>AS Abdul-Rahim ; 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Special attention is given to investigate the 7-curve hypothesis: whether the trade balance for Malaysian forest products benefits from a decline in the value of Ringgit Malaysia (RM). We adopted the autoregressive distributed lag (ARDL) approach to cointegration to estimate the annual bilateral trade data of Malaysian forest products from 1970 to 2010 with various countries in the world. We found no evidence of the 7-curve phenomenon for the trade in Malaysian forest products. The long-run analysis showed the exchange rate to be insignificant in influencing the trade balance of Malaysian forest products. This implies that there are no changes in the trade balance for fibreboard, particle board and pulp for paper trade, regardless of whether the Malaysian exchange rate depreciates or appreciates. 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| ispartof | Malaysian journal of economic studies, 2014-12, Vol.51 (2), p.141-150 |
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| language | eng |
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| source | Business Source Complete; EZB-FREE-00999 freely available EZB journals |
| subjects | Economic aspects Economic crisis Elasticity of demand Exports Foreign exchange rates Forest products Forest products industry Hypotheses Impact analysis International trade Mathematical models Price elasticity Regression analysis Studies |
| title | Assessing the existence of the 'J'-curve effect on trade in Malaysian forest products |
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