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Macroeconomic effects of oil price changes in Malaysia / Nur Insyirah Roazmi

Oil is an input in many production and consumption activities also as one of the main commodities across the globe. Therefore, relationship between oil price and macroeconomic is worth attention. Most of the existing studies in theoretical and empirical understanding of the macroeconomic consequence...

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Main Author: Roazmi, Nur Insyirah
Format: Student Project
Language:English
Published: 2016
Subjects:
Macroeconomics
Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product
Petroleum industry and trade
Online Access:http://ir.uitm.edu.my/id/eprint/37640/1/37640.pdf
http://ir.uitm.edu.my/id/eprint/37640/
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spelling my.uitm.ir.376402020-11-25T03:27:43Z http://ir.uitm.edu.my/id/eprint/37640/ Macroeconomic effects of oil price changes in Malaysia / Nur Insyirah Roazmi Roazmi, Nur Insyirah Macroeconomics Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product Petroleum industry and trade Oil is an input in many production and consumption activities also as one of the main commodities across the globe. Therefore, relationship between oil price and macroeconomic is worth attention. Most of the existing studies in theoretical and empirical understanding of the macroeconomic consequences of oil price shocks have been focused on the US economy. In contrast to these studies, the purpose of this paper is to investigate whether economic world growth can be explained by changes in the oil price by using variables such as GDP growth, inflation, unemployment and trade balance in Malaysia. The main findings may be summarized as follows: the interaction between oil price changes and economic growth, unemployment and trade balance is said to have a significant impact while inflation indirectly affected. In the event of policymakers are faced with policy options of either to increase or decrease the oil price, they should be aware that oil price changes gives significant effect to the economy. 2016-07 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/37640/1/37640.pdf Roazmi, Nur Insyirah (2016) Macroeconomic effects of oil price changes in Malaysia / Nur Insyirah Roazmi. [Student Project] (Unpublished)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Macroeconomics
Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product
Petroleum industry and trade
spellingShingle Macroeconomics
Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product
Petroleum industry and trade
Roazmi, Nur Insyirah
Macroeconomic effects of oil price changes in Malaysia / Nur Insyirah Roazmi
description Oil is an input in many production and consumption activities also as one of the main commodities across the globe. Therefore, relationship between oil price and macroeconomic is worth attention. Most of the existing studies in theoretical and empirical understanding of the macroeconomic consequences of oil price shocks have been focused on the US economy. In contrast to these studies, the purpose of this paper is to investigate whether economic world growth can be explained by changes in the oil price by using variables such as GDP growth, inflation, unemployment and trade balance in Malaysia. The main findings may be summarized as follows: the interaction between oil price changes and economic growth, unemployment and trade balance is said to have a significant impact while inflation indirectly affected. In the event of policymakers are faced with policy options of either to increase or decrease the oil price, they should be aware that oil price changes gives significant effect to the economy.
format Student Project
author Roazmi, Nur Insyirah
author_facet Roazmi, Nur Insyirah
author_sort Roazmi, Nur Insyirah
title Macroeconomic effects of oil price changes in Malaysia / Nur Insyirah Roazmi
title_short Macroeconomic effects of oil price changes in Malaysia / Nur Insyirah Roazmi
title_full Macroeconomic effects of oil price changes in Malaysia / Nur Insyirah Roazmi
title_fullStr Macroeconomic effects of oil price changes in Malaysia / Nur Insyirah Roazmi
title_full_unstemmed Macroeconomic effects of oil price changes in Malaysia / Nur Insyirah Roazmi
title_sort macroeconomic effects of oil price changes in malaysia / nur insyirah roazmi
publishDate 2016
url http://ir.uitm.edu.my/id/eprint/37640/1/37640.pdf
http://ir.uitm.edu.my/id/eprint/37640/
_version_ 1685651539581992960
score 13.211869

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