Citation
Egwuma, Henry and Shamsudin, Mad Nasir and Mohamed, Zainal Abidin and Kamarulzaman, Nitty Hirawaty and Wong, Kelly Kai Seng
(2016)
An econometric analysis of the determinants of demand for palm oil in Nigeria.
International Journal of Agricultural Sciences and Veterinary Medicine, 4 (2).
pp. 1-12.
ISSN 2320-3730
Abstract
This paper empirically examines the determinants of palm oil demand in Nigeria. Within a time series framework, we adopted the Autoregressive Distributed Lag (ARDL) technique to establish the presence of long-run relationships between palm oil demand and its determinants. We find compelling evidence for the existence of a cointegrating relationship between the variables of interest. Our results further reveal that the price of palm oil and income are the major drivers of both import and domestic demand for palm oil in Nigeria. The study recommends that macroeconomic stabilization strategies and appropriate pricing policies should be designed to ensure the expansion of palm oil market share.
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Agriculture |
| Publisher: | Meghana Publications |
| Keywords: | Autoregressive distributed lag; Cointegration; Domestic demand; Import demand; Nigeria; Palm oil |
| Depositing User: | Nabilah Mustapa |
| Date Deposited: | 31 Jul 2017 09:51 |
| Last Modified: | 31 Jul 2017 09:51 |
| URI: | http://psasir.upm.edu.my/id/eprint/56426 |
| Statistic Details: | View Download Statistic |
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