Economic impact of oil trade in a developing country: an empirical investigation of consequences of recent Gulf crisis in Malaysia
Petroleum-based industry has become significant to the Malaysian economy since the early seventies. It is now one of the key industries in the economy. The economy's export ratio of oil quadrupled to 16 percent in 1988 from 4 percent in 1974. The country is now a net exporter of oil and gas but...
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
1994
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| Online Access: | http://psasir.upm.edu.my/id/eprint/16770/ http://psasir.upm.edu.my/id/eprint/16770/1/Economic%20impact%20of%20oil%20trade%20in%20a%20developing%20country%20an%20empirical%20investigation%20of%20consequences%20of%20recent%20Gulf%20crisis%20in%20Malaysia.pdf |
| _version_ | 1848843054523351040 |
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| author | Abdul Rashid, Zakariah Othman, Mohd Shahwahid |
| author_facet | Abdul Rashid, Zakariah Othman, Mohd Shahwahid |
| author_sort | Abdul Rashid, Zakariah |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | Petroleum-based industry has become significant to the Malaysian economy since the early seventies. It is now one of the key industries in the economy. The economy's export ratio of oil quadrupled to 16 percent in 1988 from 4 percent in 1974. The country is now a net exporter of oil and gas but a net importer of petroleum products. This paper attempts to present the results of our empirical inquiry into the impact of an increase in oil price to the economy. Using the interindustry input-output model, the paper found that the net effect of an increase in oil surplus and a deficit in petroleum products trade provides strong potential for expanding output and employment. |
| first_indexed | 2025-11-15T08:08:56Z |
| format | Article |
| id | upm-16770 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T08:08:56Z |
| publishDate | 1994 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-167702016-02-01T08:21:33Z http://psasir.upm.edu.my/id/eprint/16770/ Economic impact of oil trade in a developing country: an empirical investigation of consequences of recent Gulf crisis in Malaysia Abdul Rashid, Zakariah Othman, Mohd Shahwahid Petroleum-based industry has become significant to the Malaysian economy since the early seventies. It is now one of the key industries in the economy. The economy's export ratio of oil quadrupled to 16 percent in 1988 from 4 percent in 1974. The country is now a net exporter of oil and gas but a net importer of petroleum products. This paper attempts to present the results of our empirical inquiry into the impact of an increase in oil price to the economy. Using the interindustry input-output model, the paper found that the net effect of an increase in oil surplus and a deficit in petroleum products trade provides strong potential for expanding output and employment. Penerbit Universiti Kebangsaan Malaysia 1994 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/16770/1/Economic%20impact%20of%20oil%20trade%20in%20a%20developing%20country%20an%20empirical%20investigation%20of%20consequences%20of%20recent%20Gulf%20crisis%20in%20Malaysia.pdf Abdul Rashid, Zakariah and Othman, Mohd Shahwahid (1994) Economic impact of oil trade in a developing country: an empirical investigation of consequences of recent Gulf crisis in Malaysia. Jurnal Ekonomi Malaysia, 28. pp. 39-55. ISSN 0126-1962 http://www.ukm.my/fep/jem/content/1994.html |
| spellingShingle | Abdul Rashid, Zakariah Othman, Mohd Shahwahid Economic impact of oil trade in a developing country: an empirical investigation of consequences of recent Gulf crisis in Malaysia |
| title | Economic impact of oil trade in a developing country: an empirical investigation of consequences of recent Gulf crisis in Malaysia |
| title_full | Economic impact of oil trade in a developing country: an empirical investigation of consequences of recent Gulf crisis in Malaysia |
| title_fullStr | Economic impact of oil trade in a developing country: an empirical investigation of consequences of recent Gulf crisis in Malaysia |
| title_full_unstemmed | Economic impact of oil trade in a developing country: an empirical investigation of consequences of recent Gulf crisis in Malaysia |
| title_short | Economic impact of oil trade in a developing country: an empirical investigation of consequences of recent Gulf crisis in Malaysia |
| title_sort | economic impact of oil trade in a developing country: an empirical investigation of consequences of recent gulf crisis in malaysia |
| url | http://psasir.upm.edu.my/id/eprint/16770/ http://psasir.upm.edu.my/id/eprint/16770/ http://psasir.upm.edu.my/id/eprint/16770/1/Economic%20impact%20of%20oil%20trade%20in%20a%20developing%20country%20an%20empirical%20investigation%20of%20consequences%20of%20recent%20Gulf%20crisis%20in%20Malaysia.pdf |