The production of crude palm oil 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...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics and Management, Universiti Putra Malaysia
2017
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/14170/ http://psasir.upm.edu.my/id/eprint/14170/1/%282%29%20IJEM%20%28S3%29%202017%20R2%20The%20Production%20of%20Crude%20Palm%20Oil%20in%20Malaysia.pdf |
| _version_ | 1848842319132884992 |
|---|---|
| author | A., Norhidayu Mazlan, Nur Syazwani Radzil, R. H. M. Amin, I. Z. M. N., Balu |
| author_facet | A., Norhidayu Mazlan, Nur Syazwani Radzil, R. H. M. Amin, I. Z. M. N., Balu |
| author_sort | A., Norhidayu |
| building | UPM Institutional Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-15T07:57:14Z |
| format | Article |
| id | upm-14170 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T07:57:14Z |
| publishDate | 2017 |
| publisher | Faculty of Economics and Management, Universiti Putra Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-141702018-10-05T07:45:18Z http://psasir.upm.edu.my/id/eprint/14170/ The production of crude palm oil in Malaysia A., Norhidayu Mazlan, Nur Syazwani Radzil, R. H. M. Amin, I. Z. M. N., 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/14170/1/%282%29%20IJEM%20%28S3%29%202017%20R2%20The%20Production%20of%20Crude%20Palm%20Oil%20in%20Malaysia.pdf A., Norhidayu and Mazlan, Nur Syazwani and Radzil, R. H. M. and Amin, I. Z. M. and N., Balu (2017) The production of crude palm oil in Malaysia. International Journal of Economics and Management, 11 (S3). pp. 591-606. ISSN 1823-836X; ESSN: 2600-9390 http://www.ijem.upm.edu.my/vol11noS3/(2)%20IJEM%20(S3)%202017%20R2%20The%20Production%20of%20Crude%20Palm%20Oil%20in%20Malaysia.pdf |
| spellingShingle | A., Norhidayu Mazlan, Nur Syazwani Radzil, R. H. M. Amin, I. Z. M. N., Balu The production of crude palm oil in Malaysia |
| title | The production of crude palm oil in Malaysia |
| title_full | The production of crude palm oil in Malaysia |
| title_fullStr | The production of crude palm oil in Malaysia |
| title_full_unstemmed | The production of crude palm oil in Malaysia |
| title_short | The production of crude palm oil in Malaysia |
| title_sort | production of crude palm oil in malaysia |
| url | http://psasir.upm.edu.my/id/eprint/14170/ http://psasir.upm.edu.my/id/eprint/14170/ http://psasir.upm.edu.my/id/eprint/14170/1/%282%29%20IJEM%20%28S3%29%202017%20R2%20The%20Production%20of%20Crude%20Palm%20Oil%20in%20Malaysia.pdf |