Please use this identifier to cite or link to this item:
http://repository.kln.ac.lk/handle/123456789/23485
Title: | Effect of Oil Price on the Malaysian Economic Growth: Does Exchange Rate Matters? |
Authors: | Karunanithi, Kriskkumar Ahmad, Mohd Naseem Niaz Ngah, Wan Azman Saini Wan |
Keywords: | Economic Growth, Exchange Rate, Interaction Effect, Oil Price Shocks |
Issue Date: | 2021 |
Publisher: | Department of Marketing Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka. |
Citation: | Karunanithi, Kriskkumar,Ahmad, Mohd Naseem Niaz & Ngah, Wan Azman Saini Wan(2021) Effect of Oil Price on the Malaysian Economic Growth: Does Exchange Rate Matters?;Business Law, and Management (BLM2): International Conference on Advanced Marketing (ICAM4) An International Joint e-Conference-2021 Department of Marketing Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka.Pag.203 |
Abstract: | Karunanithi, Kriskkumar,Ahmad, Mohd Naseem Niaz & Ngah, Wan Azman Saini Wan(2021) Effect of Oil Price on the Malaysian Economic Growth: Does Exchange Rate Matters?;Business Law, and Management (BLM2): International Conference on Advanced Marketing (ICAM4) An International Joint e-Conference-2021 Department of Marketing Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka.Pag.203 In this paper, the interaction effect of oil price and exchange rate on the economic growth of Malaysia, a net oil-exporting country, is investigated. The empirical analysis employs a multiplicative interaction model. Evidence suggests that an interaction effect does indeed exist. Specifically, results reveal that the effect of crude oil price on economic growth improves as the Malaysian ringgit depreciates against the US dollar and the depreciation of the Malaysian ringgit further improves the economic growth of Malaysia as the price of crude oil increases. This suggests that excluding exchange rate when modelling the oil price-growth nexus may lead to misleading results. |
URI: | http://repository.kln.ac.lk/handle/123456789/23485 |
ISBN: | 978-624-5507-15-3 |
Appears in Collections: | ICAM-2021 |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.