Halal market emergence and export opportunity: the comparative advantage perspective

Paper


Kabir, Shahriar, Shams, Syed and Lawrey, Roger. 2019. "Halal market emergence and export opportunity: the comparative advantage perspective." Xu, Jiuping, Cooke, Fang Lee, Gen, Mitsuo and Ahmed, Syed Ejaz (ed.) 12th International Conference on Management Science and Engineering Management (ICMSEM 2018). Melbourne, Australia 01 - 04 Aug 2018 Cham, Switzerland. https://doi.org/10.1007/978-3-319-93351-1_122
Paper/Presentation Title

Halal market emergence and export opportunity: the comparative advantage perspective

Presentation TypePaper
AuthorsKabir, Shahriar (Author), Shams, Syed (Author) and Lawrey, Roger (Author)
EditorsXu, Jiuping, Cooke, Fang Lee, Gen, Mitsuo and Ahmed, Syed Ejaz
Journal or Proceedings TitleProceedings of the 12th International Conference on Management Science and Engineering Management
ERA Conference ID73423
Journal Citation2, pp. 1555-1565
Number of Pages11
Year2019
Place of PublicationCham, Switzerland
ISBN9783319933504
9783319933511
Digital Object Identifier (DOI)https://doi.org/10.1007/978-3-319-93351-1_122
Web Address (URL) of Paperhttps://link.springer.com/chapter/10.1007/978-3-319-93351-1_122
Conference/Event12th 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.

Keywordstrade, comparative advantage, Halal
ANZSRC Field of Research 2020380199. Applied economics not elsewhere classified
Public Notes

File reproduced in accordance with the copyright policy of the publisher/author.

Byline AffiliationsMonash University
School of Commerce
Institution of OriginUniversity of Southern Queensland
Chapter NumberVIII
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Tabrani, Andi, Lawrey, Roger Neil and Pillarisetti, Janaki Ram. 2012. "Emissions trading and the potential benefits for ASEAN: exploring the possibilities for Brunei Darussalam." Journal of Sustainable Development. 5 (11), pp. 46-55. https://doi.org/10.5539/jsd.v5n11p46
GM crops in sub‐Saharan Africa: A critical comment on GTAP modelling
Pillarisetti, J. Ram, Lawrey, Roger and Radel, Kylie. 2007. "GM crops in sub‐Saharan Africa: A critical comment on GTAP modelling ." International Journal of Social Economics. 34 (3), pp. 188-196. https://doi.org/10.1108/03068290710726739
Full social cost pricing in the energy sector: The case of electricity generation in New South Wales and Victoria
Lawrey, Roger. 1999. "Full social cost pricing in the energy sector: The case of electricity generation in New South Wales and Victoria ." International Journal of Social Economics. 26 (7/8/9), pp. 925-947. https://doi.org/10.1108/03068299910245642
Pricing and access under National Competition Policy: the case of the natural gas pipeline sector
Lawrey, Roger. 1998. "Pricing and access under National Competition Policy: the case of the natural gas pipeline sector." The Australian Economic Review. 31 (2), pp. 91-106. https://doi.org/10.1111/1467-8462.00056
Canadian Pipeline Tariff Regulation: Lessons for Australia
Lawrey R.. 1994. "Canadian Pipeline Tariff Regulation: Lessons for Australia ." The Australian Economic Review. 27 (4), pp. 21-34. https://doi.org/10.1111/j.1467-8462.1994.tb00858.x
The potential supply of energy minerals in Australia
Lawrey, R.N. and Owen, A.D. 1991. "The potential supply of energy minerals in Australia." Resources Policy. 17 (4), pp. 301-315. https://doi.org/10.1016/0301-4207(91)90015-N
Regulated pipeline tariffs in Canada - a sensitivity analysis
Lawrey, R. N., Kirkby, R. G. and Watkins, G. C.. 1984. "Regulated pipeline tariffs in Canada - a sensitivity analysis." Logistics and Transportation Review. 20 (3), pp. 195-203.
Risk and the rate of return on arctic natural gas: An illustrative analysis
Watkins, G. Campbell, Kirkby, R. G. and Lawrey, Roger. 1984. "Risk and the rate of return on arctic natural gas: An illustrative analysis ." Pearce, David W., Siebert, Horst and Walter, Ingo (ed.) Risk and the Political Economy of Resource Development. United Kingdom. Springer. pp. 87-109