Publication:
Trade sustainability in the forestry domain: the case of Malaysia
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Date
2009
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Abstract
This study was undertaken to explore the relationship between export and import, in the category of Forestry domain for Malaysia, which includes sub domain (1) industrial roundwood; (2) wood pulp; (3) wood fuel; (4) paper and paper board; (5) sawn wood; (6) recovered paper and (7) wood base panel. Johansen (1991) cointegration method was employed and the period of the study covers annual data from 1961 to 2007. The results clearly show that the export and import of forestry domain is highly cointegrated. This shows trade is indeed sustainable in the domain of forestry and a sign of good trade policies adapted and implemented by the relevant authorities Bi-directional granger causality could also be detected based on VECM (vector-error correction model) method. Imports seem to positively and significantly affect exports, both in the long run and short run, vice versa.
Keywords
Johansen cointegration test , Forestry trade , VECM
Citation
Alias, E. F., Abdul Hamid, B., Radam, A., & Ismail, I. (2009). Trade sustainability in the forestry domain: the case of Malaysia. Asian Social Science, 5(12), pp. 78-83.
Publisher
Canadian Center of Science and Education
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