Abstract
As Southeast Asia's biggest Energy Department maker and purchaser, Malaysia which is
the net oil exporter and Southeast Asia's second biggest vitality maker behind Republic of
Indonesia. This study examines the impact of fluctuation of oil price toward economic in
Malaysia by using the data that been collected from the World Bank Data from the year
1984 till 2014 which is for 30 years. An analysis using Ordinary Least Square, Granger
and some diagnostic checks techniques that include serial correlation, heteroskedasticity,
multicollinearity and Ramsey test. Overalls of the results show the positive reaction
towards the growth of real oil prices. As conclusion, the fluctuation of the oil price is
positively significant towards Malaysian economy which includes of GDP, exchange rate
and net export. However, since these studies is only focus on the short-run, therefore
based on the grangers results has shown that there is a one way of relationship between
changes on oil price towards exchange rate and GDP in Malaysia. In the same meaning,
the variable of exchange rate and GDP can be affected by the fluctuation of the oil prices.
These result shows that both variable was affecting the growth of Malaysia in the shortrun.
However, since the overall conclusions show the positive significant results, growth
of the oil prices is less impactful on the Malaysian Ringgit.
Metadata
Item Type: | Student Project |
---|---|
Creators: | Creators Email / ID Num. Jamari, Amira Aisyah 2015961651 |
Subjects: | H Social Sciences > HB Economic Theory. Demography > Economics H Social Sciences > HB Economic Theory. Demography > Business cycles. Economic fluctuations. Economic indicators H Social Sciences > HC Economic History and Conditions > Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product |
Divisions: | Universiti Teknologi MARA, Sabah > Kota Kinabalu Campus > Faculty of Business and Management |
Programme: | Bachelor of Business Administration (Hons) Business Economics |
Keywords: | Impact; Fluctuation; Oil price |
Date: | July 2018 |
URI: | https://ir.uitm.edu.my/id/eprint/39026 |
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