N. Ismail, Sarah Nursyazmin Mohamad Kamal, Muhamad Firdaus, Norazwa Mohamed Hariri
{"title":"马来西亚棕榈油出口需求:运用ARDL方法分析","authors":"N. Ismail, Sarah Nursyazmin Mohamad Kamal, Muhamad Firdaus, Norazwa Mohamed Hariri","doi":"10.55493/5005.v12i3.4531","DOIUrl":null,"url":null,"abstract":"The growth of the palm oil industry in Malaysia has established a demand for exports among trading partners worldwide. As a result, Malaysia has gained a reputation as the world's largest producer and exporter of palm oil. Crude palm oil production in 1980 was 2.50 million tonnes; however, by 2019 it had increased to 19.86 million tonnes due to the high export demand for oil palm products. This study studies the export demand for palm oil in Malaysia from 1991 to 2019 by adopting autoregressive distributed lag (ARDL) for cointegration to analyze the export demand determinant, weighted average trading partner income, Malaysian export price, competitor export price, world export price of palm oil, world export price of soybean oil, and real effective exchange rate. The main findings reveal that the factors that determine Malaysian export demands for palm oil are palm oil price changes and trading partner income. In addition, the study also finds that European restrictions on unsustainable palm oil consumption hurt Malaysia’s export demand for palm oil.","PeriodicalId":36876,"journal":{"name":"Asian Journal of Agriculture and Rural Development","volume":"1 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2022-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Export Demand of Palm Oil in Malaysia: Analysis using ARDL Approach\",\"authors\":\"N. Ismail, Sarah Nursyazmin Mohamad Kamal, Muhamad Firdaus, Norazwa Mohamed Hariri\",\"doi\":\"10.55493/5005.v12i3.4531\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The growth of the palm oil industry in Malaysia has established a demand for exports among trading partners worldwide. As a result, Malaysia has gained a reputation as the world's largest producer and exporter of palm oil. Crude palm oil production in 1980 was 2.50 million tonnes; however, by 2019 it had increased to 19.86 million tonnes due to the high export demand for oil palm products. This study studies the export demand for palm oil in Malaysia from 1991 to 2019 by adopting autoregressive distributed lag (ARDL) for cointegration to analyze the export demand determinant, weighted average trading partner income, Malaysian export price, competitor export price, world export price of palm oil, world export price of soybean oil, and real effective exchange rate. The main findings reveal that the factors that determine Malaysian export demands for palm oil are palm oil price changes and trading partner income. In addition, the study also finds that European restrictions on unsustainable palm oil consumption hurt Malaysia’s export demand for palm oil.\",\"PeriodicalId\":36876,\"journal\":{\"name\":\"Asian Journal of Agriculture and Rural Development\",\"volume\":\"1 1\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2022-06-29\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Asian Journal of Agriculture and Rural Development\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.55493/5005.v12i3.4531\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"Social Sciences\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asian Journal of Agriculture and Rural Development","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.55493/5005.v12i3.4531","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Social Sciences","Score":null,"Total":0}
Export Demand of Palm Oil in Malaysia: Analysis using ARDL Approach
The growth of the palm oil industry in Malaysia has established a demand for exports among trading partners worldwide. As a result, Malaysia has gained a reputation as the world's largest producer and exporter of palm oil. Crude palm oil production in 1980 was 2.50 million tonnes; however, by 2019 it had increased to 19.86 million tonnes due to the high export demand for oil palm products. This study studies the export demand for palm oil in Malaysia from 1991 to 2019 by adopting autoregressive distributed lag (ARDL) for cointegration to analyze the export demand determinant, weighted average trading partner income, Malaysian export price, competitor export price, world export price of palm oil, world export price of soybean oil, and real effective exchange rate. The main findings reveal that the factors that determine Malaysian export demands for palm oil are palm oil price changes and trading partner income. In addition, the study also finds that European restrictions on unsustainable palm oil consumption hurt Malaysia’s export demand for palm oil.