tag:blogger.com,1999:blog-6297413898275266606.post5482050475091808385..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: PR1MA: This Isn’t Optimal Policyhishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6297413898275266606.post-35246377458038133092011-10-20T17:36:23.349+08:002011-10-20T17:36:23.349+08:00I think we don't have a choice - I agree it...I think we don't have a choice - I agree it's either up or out. Either way is fine with me. But though I'm hesitant about ascribing this solely to Malaysian character, the focus is still on landed property. That's not going to be viable, unless we can get a comprehensive transport network which could reduce the reliance on private transport.<br /><br />For the subsidy and tax, I&#hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-20303361614305366682011-10-20T11:41:00.613+08:002011-10-20T11:41:00.613+08:00Oh btw, we've already hit peak oil in 2006 acc...Oh btw, we've already hit peak oil in 2006 according to some analysts based on oil extraction/production numbers but the effects have been ameliorated somewhat by the 2008 financial crisis. <br /><br />The fact that oil is back around USD80 (WTI) - USD100 (Brent) despite stagnant / subdued global growth in 2008 - 2011 seems to be pretty indicative that these analysts are correct.tanstaaflnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-39516781473424899232011-10-20T11:30:14.495+08:002011-10-20T11:30:14.495+08:00Thanks for the link and apologies for the earlier ...Thanks for the link and apologies for the earlier double post.<br /><br />I agree that greater urbanisation is likely under the status quo and that the suburban model works (despite its various related costs) in a cheap oil environment. <br /><br />I guess my question really is whether greater urbanisation and the suburban model is going to be viable in an environment of expensive oil under a tanstaaflnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-798151022451027872011-10-20T02:11:43.227+08:002011-10-20T02:11:43.227+08:00tanstaafl,
Try here - I think I've been prett...tanstaafl,<br /><br />Try <a href="http://econsmalaysia.blogspot.com/search/label/Pigovian%20tax" rel="nofollow">here</a> - I think I've been pretty consistent on this issue. And no I don't expect it to be popular policy.<br /><br />But here's what I think - we're going to see an acceleration in urbanisation over the next 10 years, and this development is not going to be happeninghishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-89769319886641914752011-10-20T00:51:28.524+08:002011-10-20T00:51:28.524+08:00Hisham, I would appreciate if you could either poi...Hisham, I would appreciate if you could either point me to an earlier post, if any, on your thoughts regarding petrol tax or expand on this issue.<br /><br />Based purely on what's stated in the current post, I doubt imposing a nation-wide petrol tax and using the proceeds to improve transportation infrastructure in the Klang Valley and adjacent areas will be very palatable to many.<br /><br tanstaaflnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-58420322706190173862011-10-20T00:49:00.453+08:002011-10-20T00:49:00.453+08:00Hisham, I would appreciate if you could either poi...Hisham, I would appreciate if you could either point me to an earlier post, if any, on your thoughts regarding petrol tax or expand on this issue.<br /><br />Based purely on what's stated in the current post, I doubt imposing a nation-wide petrol tax and using the proceeds to improve transportation infrastructure in the Klang Valley and adjacent areas will be very palatable to many.<br /><br tanstaaflnoreply@blogger.com