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- W1497576617 abstract "The global demand for wood-based products will continue to grow in line withincreasing population and economic development especially in many developingcountries. Despite this reason, the production of this primary industry hasdeclined slowly in the last decade. The Malaysian wood-based supply has faceda deficit starting from 1995; from there on, wood-based products moved from astate of resource surplus to one of deficit in Malaysia. Realizing the problem ofthe supply of raw materials faced by the local furniture manufacturing industries,the Malaysian Government has imposed an export levy on wood-based productsincluding sawntimber. This is to ensure an adequate supply of raw materials forthe local manufacturers. However, the imposition of the export levy has indirectlysuppressed the domestic wood market prices, which has eventually reduced thesawmillers' income. The Government has overlooked this root problem faced bythe sawmilling industry, i.e. the suppression of domestic prices. If theGovernment is not sensitive to this problem, the sawmilling industry willeventually shrink due to insufficient supply of raw materials, in spite of the exportlevy. Based on this problem, the main objective of this study is to determine theeffects of the sawntimber export levy removal and its implication on thePeninsular Malaysian economy.There are two types of model used for this study: an econometric model todetermine the net welfare economic impacts, and an input-output model toinvestigate the total economic impacts resulting from sawntimber export levyremoval on the Peninsular Malaysian economy.The empirical study from the econometric model shows that there is net positivesocial welfare economic impact on the society resulting from the sawntimberexport levy removal. In fact, the input-output analysis manages to compute thetotal output, income and employment impacts on the Peninsular Malaysianeconomy as a result of the sawntimber export levy removal. Thus the removal ofsawntimber export levy contributes significantly to the Peninsular Malaysianeconomy." @default.
- W1497576617 created "2016-06-24" @default.
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- W1497576617 date "2005-02-01" @default.
- W1497576617 modified "2023-09-27" @default.
- W1497576617 title "The Economic Impact of Sawntimber Export Levy Removal on the Peninsular Malaysia's Economy" @default.
- W1497576617 hasPublicationYear "2005" @default.
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