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Jurnal Ekonomi Malaysia

53 (1) 2019 145 – 152

Demand for Palm Oil in the Balkans using Autoregressive Distributed Lag (ARDL)
Permintaan Minyak Sawit di Balkan menggunakan Lat Tertabur Autoregresif

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

kalsom@mpob.gov.my

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

jirsah.b@kdu.edu.my

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

kamalrudin@mpob.gov.my

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

hafizh.azam@yahoo.com

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

nurain.hassan@mpob.gov.my

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

balu@mpob.gov.my

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.

Keywords

ARDL; Balkans; Malaysia; Palm Oil Demand

Author’s Acknowledgement

The authors would like to acknowledge the officer of the Economics and Industry Development Division of Malaysian Palm Oil Board (MPOB) who provided
valuable insight and expertise that greatly improved and assisted in the manuscript until it was finally published. Most importantly, the authors would like to thank the Director General of MPOB for his permission to publish this manuscript.

http://dx.doi.org/10.17576/JEM-2019-5301-12
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Bibliography

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Zakaria, , Kunchu, , Mohamed Salleh, , Mohd Azam, , Mohd Hassan, , & Nambiappan, (2019). Demand for Palm Oil in the Balkans using Autoregressive Distributed Lag (ARDL). Jurnal Ekonomi Malaysia, 53(1), 145–152. http://dx.doi.org/10.17576/JEM-2019-5301-12

@article{,
  title={Demand for Palm Oil in the Balkans using Autoregressive Distributed Lag (ARDL)},
  author={Zakaria, Kalsom and Kunchu, Jirsah A Bakar and Mohamed Salleh, Kamalrudin and Mohd Azam, Abdul Hafizh and Mohd Hassan, Nur Ain and Nambiappan, Balu},
  journal={Jurnal Ekonomi Malaysia},
  volume={53},
  number={1},
  pages={145—152},
 

year={2019},
}

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