1. Shocks to Malaysia's Exports: Temporary or Permanent?.
- Author
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Hoffmann, Robert, Lee Chew Ging, and Ramasamy, Bala
- Subjects
EXPORT brokers ,ECONOMIC development ,SHOCK (Pathology) ,ECONOMIC conditions in Malaysia ,HOME economics ,ECONOMIC activity ,ECONOMIC expansion ,GOVERNMENT policy - Abstract
The export sector has been the primary source of growth and development in the Malaysian economy. However, a high degree of openness as well as dependence on a few product categories have rendered Malaysia vulnerable to external export shocks. In this paper, we use unit root testing to demonstrate that exogenous export shocks can have either a temporary or a permanent effect on the Malaysian domestic economy depending on their country of origin. The resulting merits of country-specific export policies are discussed. [ABSTRACT FROM PUBLISHER]
- Published
- 2003
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