Export of Furniture Product from Malaysia: Market Prospects and Challenges
Abstract
This study seeks to investigate the export competitiveness of Malaysian furniture product through the application of a collection of methods, which includes Revealed Comparative Advantage (RCA), Constant Market Share (CMS) and Shift Share. SITC 821, which represents the furniture product under the Standard International Trade Classification (SITC) for the period between 2000 and 2011, has been taken into consideration. The RCA method reveals that is an escalation in the countries competitive advantage of furniture product. The results from CMS method indicate that export gain of Malaysian furniture product is to a great extent a result of the size of the market as well as its competitive effect. Furthermore, CMS analysis also illustrates there has been significant improvements in the furniture industry throughout the given period which are Period I and II, Period and II and III and Period III and I. Additionally, shift share analysis shows that countries such as Brunei, Algeria, Norway, Lebanon and Korea are the major markets with the greatest potential. However, major challenges, in terms of competition, still exist mainly with Asian countries.Downloads
Copyright (c) 2013 Journal of Economics and Behavioral Studies
This work is licensed under a Creative Commons Attribution 4.0 International License.
Author (s) should affirm that the material has not been published previously. It has not been submitted and it is not under consideration by any other journal. At the same time author (s) need to execute a publication permission agreement to assume the responsibility of the submitted content and any omissions and errors therein. After submission of a revised paper in the light of suggestions of the reviewers, editorial team edits and formats manuscripts to bring uniformity and standardization in published material.
This work will be licensed under Creative Commons Attribution 4.0 International (CC BY 4.0) and under condition of the license, users are free to read, copy, remix, transform, redistribute, download, print, search or link to the full texts of articles and even build upon their work as long as they credit the author for the original work. Moreover, as per journal policy author (s) hold and retain copyrights without any restrictions.