Accessing Food Trade Sustainability in ASEAN-4 Countries

The purpose of this research is to examine the sustainability and long-run relationship between food exports and imports for four ASEAN countries (Indonesia, Malaysia, Philippines and Thailand) on the aggregate and disaggregate level. This study utilises the Intertemporal Budget Constraint (IBC) mod...

Full description

Saved in:

Bibliographic Details
Main Author:	Izzah Syahirah, Jani
Format:	Thesis
Language:	English English
Published:	2018
Subjects:	HB Economic Theory
Online Access:	http://ir.unimas.my/id/eprint/30525/1/Accessing%20Food%20Trade%20Sustainability%20in%20ASEAN-4%20Countries%2024pgs.pdf http://ir.unimas.my/id/eprint/30525/4/Izzah%20ft.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-unimas-ir.30525
record_format	uketd_dc
spelling	my-unimas-ir.305252023-07-11T09:11:02Z Accessing Food Trade Sustainability in ASEAN-4 Countries 2018 Izzah Syahirah, Jani HB Economic Theory The purpose of this research is to examine the sustainability and long-run relationship between food exports and imports for four ASEAN countries (Indonesia, Malaysia, Philippines and Thailand) on the aggregate and disaggregate level. This study utilises the Intertemporal Budget Constraint (IBC) model to explain the behaviour of the food trade sustainability in these countries. The analysis was carried out using various unit root and cointegration procedures for the annual observations over the period from 1996 to 2014. According to the analysis results, several conclusions could be made. First of all, the results clearly show that a long-run relationship exists between food exports and imports in ASEAN-4 countries as a group at the aggregate level. At a disaggregated level, the results reveal that a long-run relationship exists between food exports and imports only for food commodities 022, 024, 034, 042, 044, 047, 075, 081 and 091. It is evident that the macroeconomic policies in these countries have been implemented effectively. Secondly, the study found evidence that food exports and imports are cointegrated with a strong form of sustainability in aggregate level which is the coefficient of β is more than one (1.0049). For every dollar ($) increase in the import of food, exports of food increase by $1.0049. This means that the food export is growing at a faster rate than food import in ASEAN-4 countries. At disaggregated level, the results show strong sustainability for food commodities 034, 047, 075 and 091 but weak sustainability for food commodities 022, 024, 042, 044 and 081. The results suggest that first, reducing the dependence on food import may improve food trade balance in ASEAN-4 countries. Second, policymakers should review the price regulation on food commodities so that it can buffer the future risk of market speculation. Third, some measures such as R&D intensification, technology transfer and extension services have to be done consistently to improve the quantity and quality of food production. Finally, urban agriculture is one of the better initiatives, hence, incentives should be prepared by the government of ASEAN-4 countries to improve the availability and quality of adequate food among the urban population. Universiti Malaysia Sarawak(UNIMAS) 2018 Thesis http://ir.unimas.my/id/eprint/30525/ http://ir.unimas.my/id/eprint/30525/1/Accessing%20Food%20Trade%20Sustainability%20in%20ASEAN-4%20Countries%2024pgs.pdf text en public http://ir.unimas.my/id/eprint/30525/4/Izzah%20ft.pdf text en validuser masters Universiti Malaysia Sarawak(UNIMAS) Faculty of Economics and Business
institution	Universiti Malaysia Sarawak
collection	UNIMAS Institutional Repository
language	English English
topic	HB Economic Theory
spellingShingle	HB Economic Theory Izzah Syahirah, Jani Accessing Food Trade Sustainability in ASEAN-4 Countries
description	The purpose of this research is to examine the sustainability and long-run relationship between food exports and imports for four ASEAN countries (Indonesia, Malaysia, Philippines and Thailand) on the aggregate and disaggregate level. This study utilises the Intertemporal Budget Constraint (IBC) model to explain the behaviour of the food trade sustainability in these countries. The analysis was carried out using various unit root and cointegration procedures for the annual observations over the period from 1996 to 2014. According to the analysis results, several conclusions could be made. First of all, the results clearly show that a long-run relationship exists between food exports and imports in ASEAN-4 countries as a group at the aggregate level. At a disaggregated level, the results reveal that a long-run relationship exists between food exports and imports only for food commodities 022, 024, 034, 042, 044, 047, 075, 081 and 091. It is evident that the macroeconomic policies in these countries have been implemented effectively. Secondly, the study found evidence that food exports and imports are cointegrated with a strong form of sustainability in aggregate level which is the coefficient of β is more than one (1.0049). For every dollar ($) increase in the import of food, exports of food increase by $1.0049. This means that the food export is growing at a faster rate than food import in ASEAN-4 countries. At disaggregated level, the results show strong sustainability for food commodities 034, 047, 075 and 091 but weak sustainability for food commodities 022, 024, 042, 044 and 081. The results suggest that first, reducing the dependence on food import may improve food trade balance in ASEAN-4 countries. Second, policymakers should review the price regulation on food commodities so that it can buffer the future risk of market speculation. Third, some measures such as R&D intensification, technology transfer and extension services have to be done consistently to improve the quantity and quality of food production. Finally, urban agriculture is one of the better initiatives, hence, incentives should be prepared by the government of ASEAN-4 countries to improve the availability and quality of adequate food among the urban population.
format	Thesis
qualification_level	Master's degree
author	Izzah Syahirah, Jani
author_facet	Izzah Syahirah, Jani
author_sort	Izzah Syahirah, Jani
title	Accessing Food Trade Sustainability in ASEAN-4 Countries
title_short	Accessing Food Trade Sustainability in ASEAN-4 Countries
title_full	Accessing Food Trade Sustainability in ASEAN-4 Countries
title_fullStr	Accessing Food Trade Sustainability in ASEAN-4 Countries
title_full_unstemmed	Accessing Food Trade Sustainability in ASEAN-4 Countries
title_sort	accessing food trade sustainability in asean-4 countries
granting_institution	Universiti Malaysia Sarawak(UNIMAS)
granting_department	Faculty of Economics and Business
publishDate	2018
url	http://ir.unimas.my/id/eprint/30525/1/Accessing%20Food%20Trade%20Sustainability%20in%20ASEAN-4%20Countries%2024pgs.pdf http://ir.unimas.my/id/eprint/30525/4/Izzah%20ft.pdf
_version_	1783728387109421056

Accessing Food Trade Sustainability in ASEAN-4 Countries

Similar Items