An Economic Analysis of Anthropogenic Climate Change on Rice Production in Malaysia

Lee, Wen Chiat; Hoe, Nicholas; Viswanathan, K. Kuperan; Baharuddin, Amir Hussin

doi:10.26480/mjsa.01.2020.01.04

Cited by 11 publications

(6 citation statements)

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“…In contrast, Yuan et al (2020) show that the volatility of crude oil prices is more adversely affected by pandemic uncertainty than gold prices. As far as commodities are associated, only crude oil has an opposite leverage impact, according to Dai and Yin (2020); Lee et al (2019); Shen et al (2021); and Xiang and Qu (2020). According to Zhang et al (2021a), the long-term price equilibrium association between industrial metal and crude oil markets exists, but not between the agricultural and the gold market.…”

Section: Commodity Markets and Effect Of Covid-19mentioning

confidence: 99%

RETRACTED ARTICLE: Economic policy uncertainty and commodity market volatility: implications for economic recovery

Xiao

Ayub

2022

Environ Sci Pollut Res

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As a consequence of the COVID-19 pandemic outbreak, most commodities experienced significant price drops, which were expected to continue well into 2020. As a result, the Markov switching model is used to study the influence of policy uncertainty and the COVID-19 pandemic on commodity prices in the USA. Commodity markets are stimulated by economic policy uncertainty, according to results from a two-state Markov switching model. In both high and low regimes, economic policy uncertainty (EPU) influences the commodity market, according to the study's findings. However, in the high regime, EPU has a greater influence on the energy and metal sectors. EPU has different influences on commodity markets in highand low-volatility regimes, according to this study. There is a wide range of correlations between COVID-19 outcomes and EPU and how the prices of natural gas, oil, corn, silver, soybean, copper, gold, and steel respond to these tremors, in both high-and low-volatility tenure. Oil and natural gas, on the other hand, are unaffected by shifts in COVID-19 death rates under either regime. Results show that in both high-and low-volatility regimes, the demand and supply for most commodities are responsive to historical prices.

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Section: Commodity Markets and Effect Of Covid-19mentioning

confidence: 99%

RETRACTED ARTICLE: Economic policy uncertainty and commodity market volatility: implications for economic recovery

Xiao

Ayub

2022

Environ Sci Pollut Res

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“…The short-run elasticities with respect to the relative planted area and rainfall were consistent with priori expectations in terms of both magnitudes and signs; the short-run elasticity of the planted area was 1.55 and for rainfall was 0.95. A previous study on Malaysia found that lagged one-year area is negatively linked to paddy supply and lagged two-year area is substantially and positively linked to supply [43], while in this study the planted area for one lag was stronger and carried a coefficient value of 1.55. Similarly, the coefficient value of rainfall was 0.95. which depicted that every 1% increase in rainfall would result in a 95% increase in rice output within the country.…”

Section: Long-run and Short-run Association Between Rice Supply And Relative Pricecontrasting

confidence: 71%

Do Erratic Rainfalls Hamper Grain Production? Analysis of Supply Response of Rice to Price and Non-Price Factors

et al. 2021

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Increasing rice production has become one of the ultimate goals for South Asian countries. The yield and area under rice production are also facing threats due to the consequences of climate change such as erratic rainfall and seasonal variation. Thus, the main aim of this work was to find out the supply response of rice in Malaysia in relation to both price and non-price factors. To achieve this target, time series analysis was conducted on data from 1970 to 2014 using cointegration, unit root test, and the vector error correction model. The results showed that the planted area and rainfall have a significant effect on rice production; however, the magnitude of the impact of rainfall is less conspicuous for off-season (season 2) rice as compared to main-season rice (season 1). The speed of adjustment from short-run to long-run for season-1 rice production is almost two-and-a-half years (five production seasons), while for season-2 production, it is only about one-and-a-half year (three production seasons). Consequently, the study findings imply the supply of water to be enhanced through better water infrastructure for both seasons. Moreover, the area under season 2 is continuously declining to the point where the government has to make sure that farmers are able to cultivate the same area for rice production by providing uninterrupted supply of critical inputs, particularly water, seed and fertilizers.

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“…In 2020, the Covid-19 new virus pandemic affected the global economy, trading companies, and other sectors such as agriculture, the oil industry, etc. However, crude oil price fluctuations significantly impact listed companies' output, costs, and profits, resulting in stock price fluctuations (Gao et al 2021 ), (Lee et al 2019 ) and (Ding et al 2020 ). Meanwhile, the achievements of the registered businesses may result in economic shifts.…”

Section: Literature Reviewmentioning

confidence: 99%

Determining the COVID-19 effects on spillover between oil market and stock exchange: a global perspective analysis

Yan

Cao

Gao

2022

Environ Sci Pollut Res

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This paper investigates volatility spillovers between the global crude oil market and the stock markets of the global oil stock markets (Russian, Canada, China, Kuwait, and the USA) pre and after the COVID-19 pandemic. We use wavelet Granger causality methods to study the volatility spillovers between global oil stock markets, mainly from January 1, 2019, to March 31, 2021. Our Results (1) shows that WTI and Brent oil prices had a negative mean return before COVID-19 but a positive mean return during the pandemic spread. Other Results (2) find the positive, significantly lowest, and highest frequency during the COVID-19 outbreak for all selected countries. The results also show that the link between oil WTI & Brent prices and stock markets return in the lowest (33-66 days) and highest frequency range (4-16) before the Covid-19 epidemic, especially in the first quarter of 2020. Before the COVID-19 period, the Russian oil stock market is seriously prejudiced with oil prices on a modest scale, but not after the pandemic's start. This study also perceives direction opposite between the COVID-19 period. The Canadian and United States America oil and stock markets influence the lowest scale in the previous COVID-19 sample for the U.S. market. Moreover, this paper exposed that oil marketing highest oil futures in their portfolios than stock shares for all times. We found that oil price shocks had a more significant impact on the stock markets of the United States and Canada than on the stock markets of other countries.

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An Economic Analysis of Anthropogenic Climate Change on Rice Production in Malaysia

Cited by 11 publications

References 0 publications

RETRACTED ARTICLE: Economic policy uncertainty and commodity market volatility: implications for economic recovery

RETRACTED ARTICLE: Economic policy uncertainty and commodity market volatility: implications for economic recovery

Do Erratic Rainfalls Hamper Grain Production? Analysis of Supply Response of Rice to Price and Non-Price Factors

Determining the COVID-19 effects on spillover between oil market and stock exchange: a global perspective analysis

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