The impact of increase in domestic petroleum prices on costs of production
The paper examines the impact of an increase in domestic petroleum price on costs of production in the malaysian manufacturing sector. The paper has identified three component costs of production which comprise domestic materials, imported input and labour. By using the input-output model, the paper...
| Main Authors: | , |
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| Format: | Article |
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Faculty of Economics and Management, Universiti Putra Malaysia
2006
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| Online Access: | http://psasir.upm.edu.my/id/eprint/694/ |
| _version_ | 1848838841048236032 |
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| author | Saari, Mohd Yusof Abdul Rashid, Zakariah |
| author_facet | Saari, Mohd Yusof Abdul Rashid, Zakariah |
| author_sort | Saari, Mohd Yusof |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The paper examines the impact of an increase in domestic petroleum price on costs of production in the malaysian manufacturing sector. The paper has identified three component costs of production which comprise domestic materials, imported input and labour. By using the input-output model, the paper simulated different scenarious of the effect of petroleum price changes on sectoral costs of production. The simulation results indicate that aside from the petroleum products sectors, the glass product, other manufacturing product, other chemical product, and also the oils and fats industries are the sectors most affected by an increase in domestic petroleum prices. These sectors are expected to experience huge impacts as a results of domestic petroleum price increase because these industries are heavy consumers of petroleum product as an intermediate input in their production process. |
| first_indexed | 2025-11-15T07:01:57Z |
| format | Article |
| id | upm-694 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-15T07:01:57Z |
| publishDate | 2006 |
| publisher | Faculty of Economics and Management, Universiti Putra Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-6942015-07-03T08:24:28Z http://psasir.upm.edu.my/id/eprint/694/ The impact of increase in domestic petroleum prices on costs of production Saari, Mohd Yusof Abdul Rashid, Zakariah The paper examines the impact of an increase in domestic petroleum price on costs of production in the malaysian manufacturing sector. The paper has identified three component costs of production which comprise domestic materials, imported input and labour. By using the input-output model, the paper simulated different scenarious of the effect of petroleum price changes on sectoral costs of production. The simulation results indicate that aside from the petroleum products sectors, the glass product, other manufacturing product, other chemical product, and also the oils and fats industries are the sectors most affected by an increase in domestic petroleum prices. These sectors are expected to experience huge impacts as a results of domestic petroleum price increase because these industries are heavy consumers of petroleum product as an intermediate input in their production process. Faculty of Economics and Management, Universiti Putra Malaysia 2006 Article PeerReviewed Saari, Mohd Yusof and Abdul Rashid, Zakariah (2006) The impact of increase in domestic petroleum prices on costs of production. International Journal of Economics and Management, 1 (1). pp. 25-41. ISSN 1803-836X http://econ.upm.edu.my/ijem/vol1_no1.htm |
| spellingShingle | Saari, Mohd Yusof Abdul Rashid, Zakariah The impact of increase in domestic petroleum prices on costs of production |
| title | The impact of increase in domestic petroleum prices on costs of production |
| title_full | The impact of increase in domestic petroleum prices on costs of production |
| title_fullStr | The impact of increase in domestic petroleum prices on costs of production |
| title_full_unstemmed | The impact of increase in domestic petroleum prices on costs of production |
| title_short | The impact of increase in domestic petroleum prices on costs of production |
| title_sort | impact of increase in domestic petroleum prices on costs of production |
| url | http://psasir.upm.edu.my/id/eprint/694/ http://psasir.upm.edu.my/id/eprint/694/ |