Estimating the welfare loss due to vehicle tariffs in Malaysia

Q2 Engineering
Brian Chua Tatt Shen, D. Borer, K. Tan
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引用次数: 0

Abstract

: The Malaysian Government initiated domestic automobile production in 1985, paired with hefty tariffs on imported vehicles to protect the growing industry, using the infant industry argument as underlying. To gain empirical knowledge on the effectiveness of the infant industry argument for the automobile industry, the cases of Japan, South Korea and Spain are briefly analysed. The findings suggest that the Malaysian Government has failed to implement the infant industry type policies successfully. Additionally, the welfare cost of protecting the Malaysian vehicle industry is calculated using a Harberger triangle welfare loss analysis. The welfare loss is estimated for the year 2017 at MYR 11.3 b (US$2.8 b). It is suggested that the benefits of keeping the protectionist measures are too small to justify the costs. To close the article, policy recommendations are presented to reduce the welfare loss by gradually opening the sector up to international competition. leadership and anticorruption for high officials. a expanded of a entitled ‘Estimating the welfare loss due to vehicle tariffs in Malaysia’
估计马来西亚车辆关税造成的福利损失
马来西亚政府于1985年开始在国内生产汽车,同时对进口汽车征收高额关税,以保护日益增长的产业,并以幼稚产业的论点为基础。为了获得关于汽车产业幼稚产业理论有效性的实证知识,本文对日本、韩国和西班牙的案例进行了简要分析。研究结果表明,马来西亚政府未能成功实施新兴产业型政策。此外,保护马来西亚汽车工业的福利成本是使用哈伯格三角福利损失分析计算的。据估计,2017年的福利损失为113亿林吉特(28亿美元)。有人认为,保留保护主义措施的好处太小,不足以抵消成本。在文章的最后,提出了政策建议,通过逐步向国际竞争开放该部门来减少福利损失。高级官员的领导和反腐败。一篇题为“估计马来西亚车辆关税造成的福利损失”的扩展文章
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
2.70
自引率
0.00%
发文量
28
期刊介绍: IJATM is a vehicle to provide a refereed and authoritative source of information in the field of automotive technology, automotive management and related disciplines.
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