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


Citation

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

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.


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Additional Metadata

Item Type: Article
Subject: Petroleum products - Prices - Malaysia
Subject: Petroleum products - Economic aspects
Subject: Agriculture - Malaysia - Costs
Divisions: Faculty of Agriculture
Publisher: Universiti Malaysia Serawak
Keywords: Input-output analysis; Domestic petroleum price; Leontief price model
Depositing User: Norhazura Hamzah
Date Deposited: 22 May 2012 04:04
Last Modified: 22 Jul 2016 03:41
URI: http://psasir.upm.edu.my/id/eprint/17189
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