Since 2014
Linking Exchange Rates, Market Failure and Agricultural Land Demand
Jurnal Ekonomi Malaysia
View Archive Info| Field | Value | |
| Title |
Linking Exchange Rates, Market Failure and Agricultural Land Demand
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| Creator |
Othman, Jamal
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| Subject |
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| Description |
Krisis kewangan 1997/1998 telah mendorong sektor pertanian negara berperanan semula sebagai enjin pertumbuhan ekonomi yang penting. Ini menimbulkan keprihatinan sama ada kemunculan semula sektor pertanian akan memberi kesan negatif kepada corak kepenggunaan semula sektor pertanian akan memberi kesan negatif kepada corak penggunaan sumber asli terutamanya faktor tanah. Kertas ini meneliti sama ada penurunan nilai matawang Malaysia akan menyebabkan permintaan terhadap faktor tanah meningkat secara signifikan khususnya dalam sub-sektor kelapa sawit. Satu model statik komparatif, komoditi tunggal dengan faktor tanah telah diguna. Analisis model mencadangkan penurunan nilai Ringgit sebanyak 40 peratus ceteris paribus akan mendorong peningkatan dalam permintaan faktor tanah secara nyata (lebih kurang 10 peratus untuk sub-sektor kelapa sawit). Dalam realiti, peningkatan guna tanah dalam sektor kelapa sawit mungkin lebih besar kerana terdapat penukaran guna tanah secara konsisten khususnya daripada tanaman getah kepada kelapa sawit akibat perubahan harga relatif komoditi dan peningkatan dalam kos pengeluaran.ABSTRACTThe financial crisis of 1997/1998 has provided the so-called "sun set" agricultural sector a rejuvenated role as a growth impetus. This leads to concerns as to whether agricultural augmentation would pose significant repercussions on the pattern of natural resource use, especially land factor. This paper explores whether sustained depreciation of the Malaysia Ringgit will pose significant impacts on agricultural land demand in the country, with special focus on the oil palm sub-sector. A compartive static, single commodity model with explicit land factor is employed. Analysis shows that a prolonged Ringgit depriciation of 40 percent ceteris paribus will have substantial impacts on land demand (about 10 percent for the oil palm sub-sector). In reality, expansion of oil palm land-use could be greater as other crops, especially rubber is steadily being converted to oil palm due to relative commodity price changes and rising production cost.
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| Publisher |
Universiti Kebangsaan Malaysia
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| Date |
2000-12-31
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article — |
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| Format |
application/pdf
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| Identifier |
http://ejournal.ukm.my/jem/article/view/2373
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| Source |
Jurnal Ekonomi Malaysia; Vol 34 (2000): Jurnal Ekonomi Malaysia
0126-1962 |
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| Language |
eng
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| Relation |
http://ejournal.ukm.my/jem/article/view/2373/1659
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