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

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...

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Main Authors: Saari, Mohd Yusof, Radam, Alias, Abdullah, Amin Mahir
Format: Article
Published: Universiti Malaysia Serawak 2008
Online Access:http://psasir.upm.edu.my/id/eprint/17189/
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id my.upm.eprints.17189
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spelling my.upm.eprints.171892016-07-22T03:41:50Z http://psasir.upm.edu.my/id/eprint/17189/ The impact of increase in the domestic petroleum prices of cost production in the agricultural and agro-based sectors Saari, Mohd Yusof Radam, Alias Abdullah, Amin Mahir 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. Universiti Malaysia Serawak 2008 Article PeerReviewed 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
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
description 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.
format Article
author Saari, Mohd Yusof
Radam, Alias
Abdullah, Amin Mahir
spellingShingle Saari, Mohd Yusof
Radam, Alias
Abdullah, Amin Mahir
The impact of increase in the domestic petroleum prices of cost production in the agricultural and agro-based sectors
author_facet Saari, Mohd Yusof
Radam, Alias
Abdullah, Amin Mahir
author_sort Saari, Mohd Yusof
title The impact of increase in the domestic petroleum prices of cost production in the agricultural and agro-based sectors
title_short The impact of increase in the domestic petroleum prices of cost production in the agricultural and agro-based sectors
title_full The impact of increase in the domestic petroleum prices of cost production in the agricultural and agro-based sectors
title_fullStr The impact of increase in the domestic petroleum prices of cost production in the agricultural and agro-based sectors
title_full_unstemmed The impact of increase in the domestic petroleum prices of cost production in the agricultural and agro-based sectors
title_sort impact of increase in the domestic petroleum prices of cost production in the agricultural and agro-based sectors
publisher Universiti Malaysia Serawak
publishDate 2008
url http://psasir.upm.edu.my/id/eprint/17189/
_version_ 1643826440928493568
score 13.211869

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