Domestic Fuel Price and Economic Sectors in Malaysia

  • Hui-Siang JEE Brenda
  • Chin-Hong PUAH .
  • Shazali ABU MANSOR .
DOI: https://doi.org/10.22610/jebs.v3i1.253

Abstract

This study empirically examines the relation between the domestic fuel prices with the ten disaggregated economic sectors in Malaysia with the spanning of data from 1990:Q1 to 2007:Q4. We found that only three sectors (agriculture, trade and other services sectors) are cointegrated with the fuel price and fuel price does Granger cause these sectors. Despite the evidence of non-cointegrated in most of the economic sectors, fuel price able to influence these sectors over a longer period. Policy recommendation from this study includes the utilization of the renewable energy (RE) as a strategic plan is the long-term solution due to the high dependency and increasing demand of energy. While energy prices have experienced some correction in response to signs of slower global growth, sufficient government enforcement and support need to be established to facilitate successful renewable energy implementation in Malaysia.

Downloads

Download data is not yet available.
Published
2011-07-15
How to Cite
Brenda, H.-S. J., ., C.-H. P., & ., S. A. M. (2011). Domestic Fuel Price and Economic Sectors in Malaysia. Journal of Economics and Behavioral Studies, 3(1), pp. 28-41. https://doi.org/10.22610/jebs.v3i1.253
Issue
Vol 3 No 1 (2011)
Section
Research Paper

Copyright (c) 2011 Journal of Economics and Behavioral Studies

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Author (s) should affirm that the material has not been published previously. It has not been submitted and it is not under consideration by any other journal. At the same time author (s) need to execute a publication permission agreement to assume the responsibility of the submitted content and any omissions and errors therein. After submission of a revised paper in the light of suggestions of the reviewers, editorial team edits and formats manuscripts to bring uniformity and standardization in published material.

This work will be licensed under Creative Commons Attribution 4.0 International (CC BY 4.0) and under condition of the license, users are free to read, copy, remix, transform, redistribute, download, print, search or link to the full texts of articles and even build upon their work as long as they credit the author for the original work. Moreover, as per journal policy author (s) hold and retain copyrights without any restrictions.