The Impacts of Oil Price Fluctuations on Revealed Comparative Advantage of Manufacturing Commodities for ASEAN-5 Economies

Authors

  • Mukhriz Izraf Azman Aziz UNIVERSITI UTARA MALAYSIA
  • Jauhari Dahalan

Abstract

This paper attempts to quantify the effects of oil price fluctuations on revealed symmetric comparative advantage (RSCA) for 95 manufacturing commodities of 5 ASEAN countries from 1991 to 2012. Using Zellner's (1962) seemingly unrelated regression (SURE) model, oil price fluctuations negatively affect RSCA of more than 60% of the manufacturing commodities estimated. This is true especially for low-technology (LT1 & LT2) and medium-technology (MT3) commodities. The paper also found that endowment variables such as labour and capital stock significantly affects RSCA for more than 50% of the equations, giving support to Ricardian  and Heckscher-Ohlin theorem of comparative advantage. Keywords: Revealed Comparative Advantage; Oil Price Shocks; International TradeJEL Classifications: C33; F11; N50

Downloads

Download data is not yet available.

Author Biography

Mukhriz Izraf Azman Aziz, UNIVERSITI UTARA MALAYSIA

ECONOMICS, SENIOR LECTURER

Downloads

Published

2015-10-14

How to Cite

Azman Aziz, M. I., & Dahalan, J. (2015). The Impacts of Oil Price Fluctuations on Revealed Comparative Advantage of Manufacturing Commodities for ASEAN-5 Economies. International Journal of Energy Economics and Policy, 5(4), 1098–1108. Retrieved from https://econjournals.org.tr/index.php/ijeep/article/view/1461

Issue

Vol. 5 No. 4 (2015)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.