Halal market emergence and export opportunity: the comparative advantage perspective
Paper
Paper/Presentation Title | Halal market emergence and export opportunity: the comparative advantage perspective |
---|---|
Presentation Type | Paper |
Authors | Kabir, Shahriar (Author), Shams, Syed (Author) and Lawrey, Roger (Author) |
Editors | Xu, Jiuping, Cooke, Fang Lee, Gen, Mitsuo and Ahmed, Syed Ejaz |
Journal or Proceedings Title | Proceedings of the 12th International Conference on Management Science and Engineering Management |
ERA Conference ID | 73423 |
Journal Citation | 2, pp. 1555-1565 |
Number of Pages | 11 |
Year | 2019 |
Place of Publication | Cham, Switzerland |
ISBN | 9783319933504 |
9783319933511 | |
Digital Object Identifier (DOI) | https://doi.org/10.1007/978-3-319-93351-1_122 |
Web Address (URL) of Paper | https://link.springer.com/chapter/10.1007/978-3-319-93351-1_122 |
Conference/Event | 12th International Conference on Management Science and Engineering Management (ICMSEM 2018) |
International Conference on Management Science and Engineering Management | |
Event Details | 12th International Conference on Management Science and Engineering Management (ICMSEM 2018) Event Date 01 to end of 04 Aug 2018 Event Location Melbourne, Australia |
Event Details | International Conference on Management Science and Engineering Management |
Abstract | The comparative advantage theory of international trade states that countries should export commodities for which they have high comparative advantage and import commodities for which they have low comparative advantage. Analyzing the Halal trade flows for Malaysia’s 11 food/foodrelated commodities from 1991 to 2012, this study finds an interesting development of the standard view of comparative advantage in the emerging Halal export market. It finds that the greater the country’s current comparative advantage in an exported good, the higher the risk of export diversion (one- or two-way causality) between the Halal market and the conventional market with the country’s expansion of Halal exports; while the diversion risk disappears with lower current comparative advantage. Thus, the study suggests that if a country wants to take advantage of the fast-emerging market, it should aim to expand export of commodities with relatively low current comparative advantage but high demand in the emerging market. |
Keywords | trade, comparative advantage, Halal |
ANZSRC Field of Research 2020 | 380199. Applied economics not elsewhere classified |
Public Notes | File reproduced in accordance with the copyright policy of the publisher/author. |
Byline Affiliations | Monash University |
School of Commerce | |
Institution of Origin | University of Southern Queensland |
Chapter Number | VIII |
https://research.usq.edu.au/item/q657x/halal-market-emergence-and-export-opportunity-the-comparative-advantage-perspective
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