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The impacts of oil price fluctuations on revealed comparative advantage of manufacturing commodities for ASEAN-5 economies


Azman Aziz, Mukhriz Izraf and Dahalan, Jauhari (2015) The impacts of oil price fluctuations on revealed comparative advantage of manufacturing commodities for ASEAN-5 economies. In: 4th ASEAN Consortium on Department of Economics Conference (ACDEC) 2015, 04-05 November 2015, Student Accomodation Centre (SAC), UUM.

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Abstract

This paper attempts to quantify the effects of oil price fluctuations on revealed symmetric comparative advantage (RSCA) for 95 manufacturing commodities of 5 ASEAN countries from 1991 to 2012.Using Zellner’s (1962) seemingly unrelated regression (SURE) model, oil price fluctuations negatively affect RSCA of more than 60% of the manufacturing commodities estimated. This is true especially for low-technology (LT1 & LT2) and medium-technology (MT3) commodities.The paper also found that endowment variables such as labour and capital stock significantly affects RSCA for more than 50% of the equations, giving support to Ricardian and Heckscher-Ohlin theorem of comparative advantage.

Item Type: Conference or Workshop Item (Paper)
Additional Information: ISBN 978-983-43720-4-0 Organized by: Universiti Utara Malaysia
Uncontrolled Keywords: Revealed Comparative Advantage, Oil Price Shocks, International Trade
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: School of Economics, Finance & Banking
Depositing User: Dr. Mukhriz Izraf Azman Aziz
Date Deposited: 31 Jan 2016 03:43
Last Modified: 12 Apr 2016 07:53
URI: http://repo.uum.edu.my/id/eprint/17033

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