Fixprice-Flexprice Industries among Malaysian Agrobased Manufacturing: An Input-Output Approach

Zakariah Bin Abdul Rashid

Economic Change and Restructuring, 1992, vol. 25, issue 3, 247-67

Abstract: Industries can be classified into fixprice sectors according to their pricing behaviour. Although Hicks and Morishima have broadly classified manufacturing industries into fixprice and the rest of the economy into flexprice, using cost-based input-output models, the present paper reclassifies Malaysian agrobased manufacturing into flexprice and non-agrobased manufacturing into fixprice categories. By compiling annual sectoral price indices, both for intermediate and primary inputs, the model estimates sectoral residual profits of 1978 and 1983 vintage technologies. Copyright 1992 by Kluwer Academic Publishers

Date: 1992
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