Environmental Science
3 years ago

Palm oil prices drive Malaysia's GDP growth, revenue not as impactful

The impact of palm oil producing companies towards gross domestic product : Case of Malaysia / Nurin Filzah Shamsul Affandi
S.Kom. Luqman Affandi, Nurin Filzah

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The study looked at how the prices of palm oil from ten companies in Malaysia affected the country's GDP growth from 2010 to 2017. They found that higher palm oil prices were linked to a positive impact on GDP growth. However, the total revenue of palm oil companies did not show a significant relationship with GDP growth. This research provides new insights for future studies in this area.