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Title: | Tracing the J-curve effect in Halal and non-Halal beverages industry in Malaysia | Other Titles: | Asian Soc. Sci. | Authors: | Ali D.A. Johari F. Alias M.H. |
Keywords: | Exchange rate;Halal and non-Halal beverages;J-curve theory;Trade balance | Issue Date: | 2014 | Publisher: | Canadian Center of Science and Education | Journal: | Asian Social Science | Abstract: | Some studies have tried recently to assess the causes of Malaysia's substantially increasing trade in non-Halal beverages. However, no study assessed the dynamic effects of real exchange rate movements, known as the J-Curve theory. To have a comparative basis for the analysis, we assess the theory in both Halal and non-Halal beverages between Malaysia and five of its largest trading partners independently for the period 1994-2012. Using ARDL approach to cointegration, and ECM model we find that: (1) Malaysia's trade in beverages in the short-run is affected by exchange rate movements in most of the cases, (2) Most importantly, Malaysia's trade in non-Halal beverages seems not to be affected by none of the economic explanatory variables used in the study in the long-run, and (3) Among the ten cases of five partners and two sectors, we find support for the J-Curve in the case of bilateral trade with the UK in Halal beverages. |
URI: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-84904003345&doi=10.5539%2fass.v10n13p222&partnerID=40&md5=a3ebf0d265ca70beefc59e1ff031e228 | ISSN: | 19112017 | DOI: | 10.5539/ass.v10n13p222 |
Appears in Collections: | Scopus |
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Tracing the J-curve effect in Halal and non-Halal beverages industry in Malaysia.pdf | 285.74 kB | Adobe PDF | View/Open |
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