Determinant of palm oil demand: the case of Malaysia / Abdah Aliff Amir

It has been a concern that European Parliament has voted overwhelmingly to boycott the utilization of palm oil in all European biofuels by 2020, referring to ecological concerns. This study re-examines the trend analysis of the factors that affecting the palm oil export in Malaysia during the period...

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Main Author:	Amir, Abdah Aliff
Format:	Student Project
Published:	Faculty of Plantation and Agrotechnology 2018
Subjects:	HB Economic Theory. Demography Consumption. Demand (Economic theory) Commodities. Commercial products. Generic products
Online Access:	http://ir.uitm.edu.my/id/eprint/22541/

id	uitm-22541
recordtype	eprints
spelling	uitm-225412019-02-13T04:12:58Z http://ir.uitm.edu.my/id/eprint/22541/ Determinant of palm oil demand: the case of Malaysia / Abdah Aliff Amir Amir, Abdah Aliff HB Economic Theory. Demography Consumption. Demand (Economic theory) Commodities. Commercial products. Generic products It has been a concern that European Parliament has voted overwhelmingly to boycott the utilization of palm oil in all European biofuels by 2020, referring to ecological concerns. This study re-examines the trend analysis of the factors that affecting the palm oil export in Malaysia during the period of 1986 until 2016 by employing Vector Error Correction Model (VECM). The annual data series that was used in the study is crude palm oil price, soybean oil price, and finally exchange rate. The Phillips-Perron root test shows that at level, all the series are non-stationary. In the 1st difference, palm oil export, crude palm oil price, soybean oil price, and exchange are stationary. The Johansen co-integrating approach shows that the presence of co-integrating relationship in the model. The findings shows that in the long run, crude palm oil prices have a significant effect on the palm oil export in Malaysia. However, the short run indicates that only exchange rate influence the palm oil export. In conclusion, a suggestion can be made which is increasing activities in the production and processing of palm oil-based products by foreign firms so that it can encourage the increase in the export demand for palm oil. Faculty of Plantation and Agrotechnology 2018 Student Project NonPeerReviewed Amir, Abdah Aliff (2018) Determinant of palm oil demand: the case of Malaysia / Abdah Aliff Amir. [Student Project] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
topic	HB Economic Theory. Demography Consumption. Demand (Economic theory) Commodities. Commercial products. Generic products
spellingShingle	HB Economic Theory. Demography Consumption. Demand (Economic theory) Commodities. Commercial products. Generic products Amir, Abdah Aliff Determinant of palm oil demand: the case of Malaysia / Abdah Aliff Amir
description	It has been a concern that European Parliament has voted overwhelmingly to boycott the utilization of palm oil in all European biofuels by 2020, referring to ecological concerns. This study re-examines the trend analysis of the factors that affecting the palm oil export in Malaysia during the period of 1986 until 2016 by employing Vector Error Correction Model (VECM). The annual data series that was used in the study is crude palm oil price, soybean oil price, and finally exchange rate. The Phillips-Perron root test shows that at level, all the series are non-stationary. In the 1st difference, palm oil export, crude palm oil price, soybean oil price, and exchange are stationary. The Johansen co-integrating approach shows that the presence of co-integrating relationship in the model. The findings shows that in the long run, crude palm oil prices have a significant effect on the palm oil export in Malaysia. However, the short run indicates that only exchange rate influence the palm oil export. In conclusion, a suggestion can be made which is increasing activities in the production and processing of palm oil-based products by foreign firms so that it can encourage the increase in the export demand for palm oil.
format	Student Project
author	Amir, Abdah Aliff
author_facet	Amir, Abdah Aliff
author_sort	Amir, Abdah Aliff
title	Determinant of palm oil demand: the case of Malaysia / Abdah Aliff Amir
title_short	Determinant of palm oil demand: the case of Malaysia / Abdah Aliff Amir
title_full	Determinant of palm oil demand: the case of Malaysia / Abdah Aliff Amir
title_fullStr	Determinant of palm oil demand: the case of Malaysia / Abdah Aliff Amir
title_full_unstemmed	Determinant of palm oil demand: the case of Malaysia / Abdah Aliff Amir
title_sort	determinant of palm oil demand: the case of malaysia / abdah aliff amir
publisher	Faculty of Plantation and Agrotechnology
publishDate	2018
url	http://ir.uitm.edu.my/id/eprint/22541/
first_indexed	2023-09-18T23:08:53Z
last_indexed	2023-09-18T23:08:53Z
_version_	1777418668181815296

Determinant of palm oil demand: the case of Malaysia / Abdah Aliff Amir

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