An empirical analysis of Malaysian palm oil export to world main palm oil importing countries : evidence from a panel cointegration model

• Autorzy: Hassan Nur Ain Mohd , Zakaria Kalsom , Salleh Kamalrudin Mohamed , Ahmad Siti Mashani

Identyfikatory

DOI

10.37190/ord230105

• Języki publikacji: EN

Abstrakty

EN

The paper explores the long-term causal relationships of Malaysian palm oil exports with the real effective exchange rate of the respective importing countries, palm oil consumption, vegetable oil production, and GDP growth. The study applied panel cointegration and causality approaches based on data from 10 main palm oil importing countries between 2004 and 2018. The impacts of economic growth, the effective real exchange rate, and the production of other vegetable oils by the main palm oil importing countries on Malaysian palm oil exports were found to be negative. However, palm oil consumption by the main palm oil importers was found to be a statistically significant positive determinant of Malaysian palm oil exports. This finding indicates that consumption has a direct positive effect on the demand for exports. A panel Granger causality analysis revealed a unidirectional causality between importing countries’ production of other vegetable oils and Malaysian exports of palm oil.

Słowa kluczowe

EN

panel cointegration; FMOLS; palm oil export; Granger causality

• Wydawca: Oficyna Wydawnicza Politechniki Wrocławskiej
• Czasopismo: Operations Research and Decisions
• Rocznik: 2023
• Tom: Vol. 33, No. 1
• Strony: 61--73
• Opis fizyczny: Bibliogr. 51 poz., rys.

Twórcy

autor

Hassan Nur Ain Mohd

• Malaysian Palm Oil Board, 6 Persiaran Institusi, Bandar Baru Bangi, 43000 Kajang, Selangor, Malaysia

autor

Zakaria Kalsom

• Malaysian Palm Oil Board, 6 Persiaran Institusi, Bandar Baru Bangi, 43000 Kajang, Selangor, Malaysia

autor

Salleh Kamalrudin Mohamed

• Malaysian Palm Oil Board, 6 Persiaran Institusi, Bandar Baru Bangi, 43000 Kajang, Selangor, Malaysia

autor

Ahmad Siti Mashani

• Malaysian Palm Oil Board, 6 Persiaran Institusi, Bandar Baru Bangi, 43000 Kajang, Selangor, Malaysia

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Uwagi

Opracowanie rekordu ze środków MEiN, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2022-2023).