A complete demand system of food in Malaysia
There has been a notable success in the Malaysian economy, with its countrymen getting wealthier and food consumption undergoing transitional changes. This study intends to analyze the complete demand system of food in Malaysia by using the Household Expenditure Survey 2004/2005 via the Linear Appr...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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The Icfai University Press
2008
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| Online Access: | http://psasir.upm.edu.my/id/eprint/12675/1/A%20complete%20demand%20system%20of%20food%20in%20Malaysia.pdf |
| _version_ | 1796968276211793920 |
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| author | Tey, Yeong Sheng Shamsudin, Mad Nasir Mohamed, Zainal Abidin Abdullah, Amin Mahir Radam, Alias |
| author_facet | Tey, Yeong Sheng Shamsudin, Mad Nasir Mohamed, Zainal Abidin Abdullah, Amin Mahir Radam, Alias |
| author_sort | Tey, Yeong Sheng |
| collection | UPM |
| description | There has been a notable success in the Malaysian economy, with its countrymen getting wealthier and food consumption
undergoing transitional changes. This study intends to analyze the complete demand system of food in Malaysia by using the Household Expenditure Survey 2004/2005 via the Linear Approximate Almost Ideal Demand System (LA/AIDS) model. As expected, the estimated own-price elasticities for all foods follow the law of demand. The empirical results show that the demand for all foods in response to the income is relatively positive, with expenditure elasticities of meat (1.110), fruits (1.341), vegetables (1.341), sugar and beverage (1.039) and other foods (1.115) being elastic. This study shows that the Malaysian food consumption pattern is not only moving towards higher value food products (especially meats) but also functional foods (fruits and vegetables) as the per capita income of Malaysians increases. |
| first_indexed | 2024-03-06T07:26:05Z |
| format | Article |
| id | upm.eprints-12675 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T07:26:05Z |
| publishDate | 2008 |
| publisher | The Icfai University Press |
| record_format | dspace |
| spelling | upm.eprints-126752018-07-16T06:43:22Z http://psasir.upm.edu.my/id/eprint/12675/ A complete demand system of food in Malaysia Tey, Yeong Sheng Shamsudin, Mad Nasir Mohamed, Zainal Abidin Abdullah, Amin Mahir Radam, Alias There has been a notable success in the Malaysian economy, with its countrymen getting wealthier and food consumption undergoing transitional changes. This study intends to analyze the complete demand system of food in Malaysia by using the Household Expenditure Survey 2004/2005 via the Linear Approximate Almost Ideal Demand System (LA/AIDS) model. As expected, the estimated own-price elasticities for all foods follow the law of demand. The empirical results show that the demand for all foods in response to the income is relatively positive, with expenditure elasticities of meat (1.110), fruits (1.341), vegetables (1.341), sugar and beverage (1.039) and other foods (1.115) being elastic. This study shows that the Malaysian food consumption pattern is not only moving towards higher value food products (especially meats) but also functional foods (fruits and vegetables) as the per capita income of Malaysians increases. The Icfai University Press 2008-07 Article NonPeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/12675/1/A%20complete%20demand%20system%20of%20food%20in%20Malaysia.pdf Tey, Yeong Sheng and Shamsudin, Mad Nasir and Mohamed, Zainal Abidin and Abdullah, Amin Mahir and Radam, Alias (2008) A complete demand system of food in Malaysia. The ICFAI Journal of Agricultural Economics, 5 (3). pp. 17-29. ISSN 0973-2276 |
| spellingShingle | Tey, Yeong Sheng Shamsudin, Mad Nasir Mohamed, Zainal Abidin Abdullah, Amin Mahir Radam, Alias A complete demand system of food in Malaysia |
| title | A complete demand system of food in Malaysia |
| title_full | A complete demand system of food in Malaysia |
| title_fullStr | A complete demand system of food in Malaysia |
| title_full_unstemmed | A complete demand system of food in Malaysia |
| title_short | A complete demand system of food in Malaysia |
| title_sort | complete demand system of food in malaysia |
| url | http://psasir.upm.edu.my/id/eprint/12675/1/A%20complete%20demand%20system%20of%20food%20in%20Malaysia.pdf |
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