Causal effects of world crude oil prices on the prices of rice and soybean oil: an ARDL approach

This study was undertaken to examine the impact of world crude oil prices on the prices of rice and soybean oil. Autoregressive Distribution Lag (ARDL) method was employed to investigate both the short-run dynamic and long-run relationship. All of the data were the time series annual basis from 1970...

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Main Authors:	Abdul Samad, Abdul Rahim, Mohd Ashhari, Zariyawati
Format:	Article
Language:	English
Published:	Universiti Putra Malaysia Press 2011
Online Access:	http://psasir.upm.edu.my/id/eprint/22817/ http://psasir.upm.edu.my/id/eprint/22817/ http://psasir.upm.edu.my/id/eprint/22817/1/22817.pdf

id	upm-22817
recordtype	eprints
spelling	upm-228172015-09-04T11:39:45Z http://psasir.upm.edu.my/id/eprint/22817/ Causal effects of world crude oil prices on the prices of rice and soybean oil: an ARDL approach Abdul Samad, Abdul Rahim Mohd Ashhari, Zariyawati This study was undertaken to examine the impact of world crude oil prices on the prices of rice and soybean oil. Autoregressive Distribution Lag (ARDL) method was employed to investigate both the short-run dynamic and long-run relationship. All of the data were the time series annual basis from 1970 to 2008. The results revealed that the long-run relationship between world crude oil prices and rice prices did exist. In addition, the analysis also suggested that crude oil prices formed a major factor in the operation cost for the rice production in Malaysia. Nevertheless, the impact of crude oil prices did not only affect the direct cost in rice production but it also influenced the price of other materials required for rice production such as fertilizers. Universiti Putra Malaysia Press 2011-03 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/22817/1/22817.pdf Abdul Samad, Abdul Rahim and Mohd Ashhari, Zariyawati (2011) Causal effects of world crude oil prices on the prices of rice and soybean oil: an ARDL approach. Pertanika Journal of Social Sciences & Humanities, 19 (1). pp. 123-130. ISSN 0128-7702; ESSN: 2231-8534 http://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2019%20(1)%20Mar.%202011/%2314%20Pg%20123-130.pdf
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Putra Malaysia
building	UPM Institutional Repository
collection	Online Access
language	English
description	This study was undertaken to examine the impact of world crude oil prices on the prices of rice and soybean oil. Autoregressive Distribution Lag (ARDL) method was employed to investigate both the short-run dynamic and long-run relationship. All of the data were the time series annual basis from 1970 to 2008. The results revealed that the long-run relationship between world crude oil prices and rice prices did exist. In addition, the analysis also suggested that crude oil prices formed a major factor in the operation cost for the rice production in Malaysia. Nevertheless, the impact of crude oil prices did not only affect the direct cost in rice production but it also influenced the price of other materials required for rice production such as fertilizers.
format	Article
author	Abdul Samad, Abdul Rahim Mohd Ashhari, Zariyawati
spellingShingle	Abdul Samad, Abdul Rahim Mohd Ashhari, Zariyawati Causal effects of world crude oil prices on the prices of rice and soybean oil: an ARDL approach
author_facet	Abdul Samad, Abdul Rahim Mohd Ashhari, Zariyawati
author_sort	Abdul Samad, Abdul Rahim
title	Causal effects of world crude oil prices on the prices of rice and soybean oil: an ARDL approach
title_short	Causal effects of world crude oil prices on the prices of rice and soybean oil: an ARDL approach
title_full	Causal effects of world crude oil prices on the prices of rice and soybean oil: an ARDL approach
title_fullStr	Causal effects of world crude oil prices on the prices of rice and soybean oil: an ARDL approach
title_full_unstemmed	Causal effects of world crude oil prices on the prices of rice and soybean oil: an ARDL approach
title_sort	causal effects of world crude oil prices on the prices of rice and soybean oil: an ardl approach
publisher	Universiti Putra Malaysia Press
publishDate	2011
url	http://psasir.upm.edu.my/id/eprint/22817/ http://psasir.upm.edu.my/id/eprint/22817/ http://psasir.upm.edu.my/id/eprint/22817/1/22817.pdf
first_indexed	2018-09-07T14:34:53Z
last_indexed	2018-09-07T14:34:53Z
_version_	1610959702932324352

Causal effects of world crude oil prices on the prices of rice and soybean oil: an ARDL approach

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