Macroeconomics Factors Affecting Net Exports of Oil Palm Industry in Malaysia
Year: 2024
Type: article
Abstract: This quantitative study investigates the impact of oil palm production, oil palm pricing, inflation, and GDP growth rate on the net exports of Malaysia's oil palm industry. This research is aimed at analyzing how the net export of oil palm relates to certain macroeconomic variables. This study has employed multiple regression analysis through Ordinary Least Squares for 26 years of time series data from 1996 to 2020 in Malaysia. The findings from this study improve our understanding of the major factors contributing to net exports in the oil palm industry. Palm oil production, price, as well as GDP growth, drive net export of palm oil in Malaysia found during this research. An increase in production leads to the reduced amount of palm oil exported, all other things remaining constant. Conversely, inflation and GDP growth are major drivers behind the increased net export of palm oil.
Authors: Azhan Rashid Senawi, Shahariah Asmuni, Zaidi Mohd Aminuddin, Saliza Sulaiman, Saliza Zuraidah Ismail, Nur Ilyia Natasha Abd Kadir, Nur Sarah Dayana Kamarul Zahrin, Nur Aimi Shahirah Nasirrudin, Mohamad Miqdam Ahmad Yusoff
Institutions: Universiti Teknologi MARA System, Universiti Teknologi MARA
Language: English
Subfield: Ecology
Field: Environmental Science
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4403827431