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The purpose of this study is to evaluate the effects of changes in the external trade environment and domesticeconomic policies on the agricultural development of Malaysia. The scope of this research also includes providingfurther insights into the strengths and weaknesses of the computable general equilibrium (CGE) methodology foragricultural policy analysis. The first analysis focuses on the export agriculture sector which encompasses Malaysia'stwo primary agricultural commodities, rubber and palm oil. Heavily dependent on exports of rubber in the 1950s and1960s, Malaysia has since built a more diversified economy with strong emphasis on manufacturing. Exportagriculture, however, is still an important component of the national economy. The second objective examines theinfluence of domestic policy on agricultural development. The simulation results demonstrate the growing resiliencyof the Malaysian economy to external shocks. Also, they point to the domestic economy's ability to buffer internalpolicy-induced distortions.

Subject(s): Political Economy

Production Economics

Issue Date: 1994-12

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/173495 Published in: Agricultural Economics: The Journal of the International Association of Agricultural Economists, Volume 11, Issue 2-3 Page range: 237-256

Total Pages: 20

Record appears in: International Association of Agricultural Economists (IAAE) > Agricultural Economics: The Journal of the International Association of Agricultural Economists





Autor: Yeah, Kim Leng ; Yanagida, John F. ; Yamauchi, Hiroshi

Fuente: http://ageconsearch.umn.edu/record/173495?ln=en







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