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The production of Crude Palm Oil (CPO) in Malaysia

Palm oil production contributes significantly to the Malaysian economy. Malaysia currently holds the position as the world’s second-largest palm oil producer after Indonesia. This study intends to empirically test the Cobb- Douglas (C-D) production function for the palm oil production sector in Mal...

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Main Authors: Abdullah, Nurhidayu, Mazlan, Nur Syazwani, Mohd Radzil, Razida Hanem, Muhamad Amin, Iskandar Zulkarnaen, Nambiappan, Balu
Format: Article
Language:English
Published: Faculty of Economics and Management, Universiti Putra Malaysia 2017
Online Access:http://psasir.upm.edu.my/id/eprint/63504/1/The%20Production%20of%20Crude%20Palm%20Oil%20in%20Malaysia.pdf
http://psasir.upm.edu.my/id/eprint/63504/
http://www.ijem.upm.edu.my/vol11noS3/(2)%20IJEM%20(S3)%202017%20R2%20The%20Production%20of%20Crude%20Palm%20Oil%20in%20Malaysia.pdf
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spelling my.upm.eprints.635042018-10-22T08:48:22Z http://psasir.upm.edu.my/id/eprint/63504/ The production of Crude Palm Oil (CPO) in Malaysia Abdullah, Nurhidayu Mazlan, Nur Syazwani Mohd Radzil, Razida Hanem Muhamad Amin, Iskandar Zulkarnaen Nambiappan, Balu Palm oil production contributes significantly to the Malaysian economy. Malaysia currently holds the position as the world’s second-largest palm oil producer after Indonesia. This study intends to empirically test the Cobb- Douglas (C-D) production function for the palm oil production sector in Malaysia with the validity of C-D’s assumptions. The significance of factors such as capital, labour and utilisation rate in the production of Crude Palm Oil (CPO) is also tested in the study. The data on the productivity of the Palm Oil (PO) mills are collected from the Malaysian Palm Oil Board (MPOB). The methods of Least Square (LS) and robustness check are carried out in the estimation of the production function. The results show a positive and significant relationship between the production of CPO and labour, capital, and the utilisation rate. This study suggests that increases in capital, labour employment and the utilisation rate will boost the production of CPO in Malaysia. Faculty of Economics and Management, Universiti Putra Malaysia 2017 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/63504/1/The%20Production%20of%20Crude%20Palm%20Oil%20in%20Malaysia.pdf Abdullah, Nurhidayu and Mazlan, Nur Syazwani and Mohd Radzil, Razida Hanem and Muhamad Amin, Iskandar Zulkarnaen and Nambiappan, Balu (2017) The production of Crude Palm Oil (CPO) in Malaysia. International Journal of Economics and Management, 11 (3). 591 - 606. ISSN 1823-836X http://www.ijem.upm.edu.my/vol11noS3/(2)%20IJEM%20(S3)%202017%20R2%20The%20Production%20of%20Crude%20Palm%20Oil%20in%20Malaysia.pdf
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/
language English
description Palm oil production contributes significantly to the Malaysian economy. Malaysia currently holds the position as the world’s second-largest palm oil producer after Indonesia. This study intends to empirically test the Cobb- Douglas (C-D) production function for the palm oil production sector in Malaysia with the validity of C-D’s assumptions. The significance of factors such as capital, labour and utilisation rate in the production of Crude Palm Oil (CPO) is also tested in the study. The data on the productivity of the Palm Oil (PO) mills are collected from the Malaysian Palm Oil Board (MPOB). The methods of Least Square (LS) and robustness check are carried out in the estimation of the production function. The results show a positive and significant relationship between the production of CPO and labour, capital, and the utilisation rate. This study suggests that increases in capital, labour employment and the utilisation rate will boost the production of CPO in Malaysia.
format Article
author Abdullah, Nurhidayu
Mazlan, Nur Syazwani
Mohd Radzil, Razida Hanem
Muhamad Amin, Iskandar Zulkarnaen
Nambiappan, Balu
spellingShingle Abdullah, Nurhidayu
Mazlan, Nur Syazwani
Mohd Radzil, Razida Hanem
Muhamad Amin, Iskandar Zulkarnaen
Nambiappan, Balu
The production of Crude Palm Oil (CPO) in Malaysia
author_facet Abdullah, Nurhidayu
Mazlan, Nur Syazwani
Mohd Radzil, Razida Hanem
Muhamad Amin, Iskandar Zulkarnaen
Nambiappan, Balu
author_sort Abdullah, Nurhidayu
title The production of Crude Palm Oil (CPO) in Malaysia
title_short The production of Crude Palm Oil (CPO) in Malaysia
title_full The production of Crude Palm Oil (CPO) in Malaysia
title_fullStr The production of Crude Palm Oil (CPO) in Malaysia
title_full_unstemmed The production of Crude Palm Oil (CPO) in Malaysia
title_sort production of crude palm oil (cpo) in malaysia
publisher Faculty of Economics and Management, Universiti Putra Malaysia
publishDate 2017
url http://psasir.upm.edu.my/id/eprint/63504/1/The%20Production%20of%20Crude%20Palm%20Oil%20in%20Malaysia.pdf
http://psasir.upm.edu.my/id/eprint/63504/
http://www.ijem.upm.edu.my/vol11noS3/(2)%20IJEM%20(S3)%202017%20R2%20The%20Production%20of%20Crude%20Palm%20Oil%20in%20Malaysia.pdf
_version_ 1643837818205634560
score 13.211869

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