Trade Openness in Malaysia: Evidence from Trade with ASEAN and Australasian Countries
Journal Title: Scholars Journal of Economics, Business and Management - Year 2016, Vol 3, Issue 12
Abstract
Abstract:There is a large literature that relates trade openness and economic growth. My literature survey suggests that Malaysia’s WTO accession, active participation in regional trading agreements, trade policy reform in agricultural and manufacturing sectors, government reforms encouraging economic competitiveness and lower trade cost are among the main reasons for explaining Malaysia trade performance and openness. Apart from the role that trade openness has played in Malaysia’s economy, this paper’s gravity model empirical regression results suggest that other factors such as distance, per capita income in Malaysia and its trading partner and exchange rate also explain significantly Malaysian trade performance with its regional counterparts, namely the major ASEAN and Australasian countries. Keywords:Malaysia, trade performance, ASEAN, economy
Authors and Affiliations
Dr. Rafiq Idris
Keywords
Related Articles
- EP ID EP383196
- DOI -
- Views 94
- Downloads 0
Regional Carbon Trading Legislation Supervision Coordination Mechanism Research
During 2014 Beijing APEC meeting, China planned to set maximum limits for carbon emissions in 2030. In reference to a more mature regional carbon emissions trading legislation of the EU and the United States, this articl...
Drivers of Crop Distribution and Duration Diversification among Small holder Farmers in Kenya
Agriculture is the most important sector in the Kenya. Crop farming in Mathira East District is characterized by different forms of diversification. However, there is little knowledge on specific drivers of diversificati...
The Impact of Loan Syndication in the Growth of Nigerian Economy
Abstract: Loan syndication is potent source of funding for business organizations and also an important revenue earner for banks. However its arrangement and consummation is forth with series of problems such as, lengthy...
Political and Executive Governance of Rural water Supply and Sanitation in Haryana: an Overview
Abstract: Wise utilization of water resources and the proper sanitation has become the need of the hour as the whole world is facing water crises and problem of improper sanitation facilities. The present paper analyzes...
Wage Discrimination and Its Effect on Employee’s Job Outcomes: Evidence from North Cyprus
Abstract:Differentiating employees pay on factors unrelated to performance and merit such as of race, gender, age, ethnicity, religion or color has been widely regarded as an unfair and unethical organizational practice....