The effects of oil price on the price of selected intermediate food products in Malaysia
A fluctuation in the oil price has been addressed by numerous previous studies as it can have great impacts on economies. An increase in oil price can result in a higher price of other goods. Sugar, egg and coconut milk are the intermediate food products that can be inevitably affected due to a high...
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my-unimap-787922023-05-23T04:52:53Z The effects of oil price on the price of selected intermediate food products in Malaysia Tunku Salha, Tunku Ahmad, Dr. A fluctuation in the oil price has been addressed by numerous previous studies as it can have great impacts on economies. An increase in oil price can result in a higher price of other goods. Sugar, egg and coconut milk are the intermediate food products that can be inevitably affected due to a higher oil price. Therefore, this present study aims to investigate the effects of oil price on the price of selected intermediate food products in Malaysia. This research narrows the focus of the investigation, to concentrate on the three types of oil price: RON95, RON97 and diesel. These oil price can major contribute to the price of selected intermediate food products (sugar, egg and coconut milk) in Malaysia. The sample period covers 84 months from 2008 to 2015. The relationship between oil price and the price of selected intermediate food products is examined by using the linear autoregressive distributed lag (ARDL) bound test. The bound test was conducted and the results show that all the variables in functional form framework are bound together in the long-run. It was also ascertained that in the long-run, the price of RON97 influences the prices of selected intermediate food products (sugar, egg and coconut milk) in Malaysia. Nevertheless, the price of diesel affects only the price of sugar, whereas RON95 is negatively and significantly associated with the price of sugar alone. The error-correction terms test results reveal that the price of diesel is positively correlated with the price of sugar respectively in the short-run. On the other hand, the findings found that the prices of RON97 significantly influenced the prices of egg and coconut milk in Malaysia. However, the prices of sugar and coconut milk had adjusted at a higher speed compared with the price of egg which had adjusted at a lower speed. Therefore, these findings are important for the government to control the price of oil in order to achieve the stability of the price of selected intermediate food products in Malaysia such as sugar, egg and coconut milk. Universiti Malaysia Perlis (UniMAP) Thesis en http://dspace.unimap.edu.my:80/xmlui/handle/123456789/78792 http://dspace.unimap.edu.my:80/xmlui/bitstream/123456789/78792/4/license.txt 8a4605be74aa9ea9d79846c1fba20a33 http://dspace.unimap.edu.my:80/xmlui/bitstream/123456789/78792/1/Page%201-24.pdf 856267c09fb1ef2a606d3ff0a1788fc1 http://dspace.unimap.edu.my:80/xmlui/bitstream/123456789/78792/2/Full%20text.pdf 06e82932fb5fe21c9fbaa8221fe157e1 http://dspace.unimap.edu.my:80/xmlui/bitstream/123456789/78792/3/Tan%20Lee%20Pei.pdf 82071a6c3b8bd6fe9e99a0b934a2a0c4 Universiti Malaysia Perlis (UniMAP) Food prices Power resources -- Costs Petroleum as fuel Foreign exchange rates Oil price School of Business Innovation and Technopreneurship |
| institution |
Universiti Malaysia Perlis |
| collection |
UniMAP Institutional Repository |
| language |
English |
| advisor |
Tunku Salha, Tunku Ahmad, Dr. |
| topic |
Food prices Power resources -- Costs Petroleum as fuel Foreign exchange rates Oil price |
| spellingShingle |
Food prices Power resources -- Costs Petroleum as fuel Foreign exchange rates Oil price The effects of oil price on the price of selected intermediate food products in Malaysia |
| description |
A fluctuation in the oil price has been addressed by numerous previous studies as it can have great impacts on economies. An increase in oil price can result in a higher price of other goods. Sugar, egg and coconut milk are the intermediate food products that can be inevitably affected due to a higher oil price. Therefore, this present study aims to investigate the effects of oil price on the price of selected intermediate food products in Malaysia. This research narrows the focus of the investigation, to concentrate on the three types of oil price: RON95, RON97 and diesel. These oil price can major contribute to the
price of selected intermediate food products (sugar, egg and coconut milk) in Malaysia.
The sample period covers 84 months from 2008 to 2015. The relationship between oil
price and the price of selected intermediate food products is examined by using the linear
autoregressive distributed lag (ARDL) bound test. The bound test was conducted and the
results show that all the variables in functional form framework are bound together in the
long-run. It was also ascertained that in the long-run, the price of RON97 influences the
prices of selected intermediate food products (sugar, egg and coconut milk) in Malaysia.
Nevertheless, the price of diesel affects only the price of sugar, whereas RON95 is
negatively and significantly associated with the price of sugar alone. The error-correction
terms test results reveal that the price of diesel is positively correlated with the price of
sugar respectively in the short-run. On the other hand, the findings found that the prices
of RON97 significantly influenced the prices of egg and coconut milk in Malaysia.
However, the prices of sugar and coconut milk had adjusted at a higher speed compared
with the price of egg which had adjusted at a lower speed. Therefore, these findings are
important for the government to control the price of oil in order to achieve the stability of
the price of selected intermediate food products in Malaysia such as sugar, egg and
coconut milk. |
| format |
Thesis |
| title |
The effects of oil price on the price of selected intermediate food products in Malaysia |
| title_short |
The effects of oil price on the price of selected intermediate food products in Malaysia |
| title_full |
The effects of oil price on the price of selected intermediate food products in Malaysia |
| title_fullStr |
The effects of oil price on the price of selected intermediate food products in Malaysia |
| title_full_unstemmed |
The effects of oil price on the price of selected intermediate food products in Malaysia |
| title_sort |
effects of oil price on the price of selected intermediate food products in malaysia |
| granting_institution |
Universiti Malaysia Perlis (UniMAP) |
| granting_department |
School of Business Innovation and Technopreneurship |
| url |
http://dspace.unimap.edu.my:80/xmlui/bitstream/123456789/78792/1/Page%201-24.pdf http://dspace.unimap.edu.my:80/xmlui/bitstream/123456789/78792/2/Full%20text.pdf http://dspace.unimap.edu.my:80/xmlui/bitstream/123456789/78792/3/Tan%20Lee%20Pei.pdf |
| _version_ |
1776104289701199872 |