The impact of increase in the domestic petroleum prices of cost production in the agricultural and agro-based sectors

Saari, Mohd Yusof and Radam, Alias and Abdullah, Amin Mahir (2008) The impact of increase in the domestic petroleum prices of cost production in the agricultural and agro-based sectors. International Journal of Business and Society, 9 (1). pp. 37-52. ISSN 1511-6670

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Abstract

By using an input-output model, the present paper examines the impacts of increase in the domestic petroleum prices on cost production in the Malaysian agricultural and agro-based sectors. This study simulates the different scenarios of the petroleum price changes on sectoral cost production, which comprises of domestic materials cost, imports and labor. The simulation results indicated that the agricultural sector particularly fishing, forestry and logging products, as well as oil palm primary products industries are mostly affected by the increase of the domestic petroleum price. These industries are significantly affected by domestic petroleum price increase because they consume large amount of petroleum products as intermediate inputs in their production process.

Item Type:Article
Keyword:Input-output analysis; Domestic petroleum price; Leontief price model
Subject:Petroleum products - Prices - Malaysia
Subject:Petroleum products -- Economic aspects
Subject:Agriculture - Malaysia - Costs
Faculty or Institute:Faculty of Agriculture
Publisher:Universiti Malaysia Serawak
ID Code:17189
Deposited By: Norhazura Hamzah
Deposited On:22 May 2012 04:04
Last Modified:19 Oct 2012 03:22

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