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Demand for Palm Oil in the Balkans using Autoregressive Distributed Lag (ARDL)

Author

Listed:
  • Zakaria, Kalsom

    (Malaysian Palm Oil Board 6 Persiaran Institusi Bandar Baru Bangi, 43000 Kajang Selangor MALAYSIA)

  • Kunchu, Jirsah A Bakar

    (KDU University College Sdn. Bhd. Ultropolis Glenmarie Jalan Kontraktor U1/14 Seksyen U1 40150 Shah Alam Selangor MALAYSIA)

  • Mohamed Salleh, Kamalrudin

    (Malaysian Palm Oil Board 6 Persiaran Institusi Bandar Baru Bangi 43000 Kajang Selangor MALAYSIA)

  • Mohd Azam, Abdul Hafizh

    (Faculty of Economics and Management National University of Malaysia 43600 Bangi, Selangor MALAYSIA)

  • Mohd Hassan, Nur Ain

    (Malaysian Palm Oil Board 6 Persiaran Institusi Bandar Baru Bangi 43000 KAJANG SELANGOR MALAYSIA)

  • Nambiappan, Balu

    (Malaysian Palm Oil Board 6 Persiaran Institusi Bandar Baru Bangi 43000 Kajang Selangor MALAYSIA)

Abstract

Demand for edible oils and fats in the Balkan countries shows an increasing trend, including the demand for palm oil. Imports of palm oil for this region are mainly sourced directly from major producing countries, namely Indonesia and Malaysia. The Balkan countries also import palm oil from non-palm oil producing countries like the Netherlands, Germany and Italy. This study differs from existing studies on palm oil demand as it focuses on palm oil demand specifically in the 4 countries of the Balkan Region. Therefore, the quarterly data from from 2008 to 2016 are used to examine the factors affecting demand for palm oil in the Balkans using, this study used autoregressive distributed lag (ARDL). The result of the bound test from 4 Balkan countries only in 3 countries shows that the studied variables and palm oil demand there is a long-run relationship. The countries are Bulgaria, Croatia and Greece. This study also shows that GDP, population and palm oil price have significant influence on the demand for palm oil in the Balkan countries.

Suggested Citation

  • Zakaria, Kalsom & Kunchu, Jirsah A Bakar & Mohamed Salleh, Kamalrudin & Mohd Azam, Abdul Hafizh & Mohd Hassan, Nur Ain & Nambiappan, Balu, 2019. "Demand for Palm Oil in the Balkans using Autoregressive Distributed Lag (ARDL)," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 53(1), pages 145-152.
    • Handle: RePEc:ukm:jlekon:v:53:y:2019:i:1:p:145-152
    DOI: http://dx.doi.org/10.17576/JEM-2019-5301-12
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    References listed on IDEAS

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    1. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
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    Cited by:

    1. Nur Ain Mohd Hassan & Kalsom Zakaria & Kamalrudin Mohamed Salleh & Siti Mashani Ahmad, 2023. "An empirical analysis of Malaysian palm oil export to world major palm oil importing countries:," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 33(1), pages 61-73.

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