Macroeconomic effects of oil price changes in Malaysia / Nur Insyirah Roazmi

Roazmi, Nur Insyirah (2016) Macroeconomic effects of oil price changes in Malaysia / Nur Insyirah Roazmi. [Student Project] (Unpublished)

Abstract

Oil is an input in many production and consumption activities also as one of the main commodities across the globe. Therefore, relationship between oil price and macroeconomic is worth attention. Most of the existing studies in theoretical and empirical understanding of the macroeconomic consequences of oil price shocks have been focused on the US economy. In contrast to these studies, the purpose of this paper is to investigate whether economic world growth can be explained by changes in the oil price by using variables such as GDP growth, inflation, unemployment and trade balance in Malaysia. The main findings may be summarized as follows: the interaction between oil price changes and economic growth, unemployment and trade balance is said to have a significant impact while inflation indirectly affected. In the event of policymakers are faced with policy options of either to increase or decrease the oil price, they should be aware that oil price changes gives significant effect to the economy.

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Item Type: Student Project
Creators:
Creators
Email / ID Num.
Roazmi, Nur Insyirah
2014676068
Contributors:
Contribution
Name
Email / ID Num.
Thesis advisor
Zakaria, Prof Madya Mohd Zaki
UNSPECIFIED
Subjects: H Social Sciences > HB Economic Theory. Demography > Macroeconomics
H Social Sciences > HC Economic History and Conditions > Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product
H Social Sciences > HD Industries. Land use. Labor > Petroleum industry and trade
Divisions: Universiti Teknologi MARA, Kelantan > Kota Bharu Campus
Programme: Bachelor of Business Administration (Hons) Business Economics
Keywords: oil price, macroeconomic, GDP growth, inflation, unemployment, trade balance and policymakers.
Date: July 2016
URI: https://ir.uitm.edu.my/id/eprint/37640
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