An Econometric Analysis of the Determinants of Demand for Palm Oil in Nigeria
Journal: International Journal of Agricultural Sciences and Veterinary Medicine (Vol.4, No. 2)Publication Date: 2016-05-01
Authors : Henry Egwuma Mad Nasir Shamsudin Zainalabidin Mohamed Nitty Hirawaty Kamarulzaman; Kelly Kai Seng Wong;
Page : 1-12
Keywords : Autoregressive distributed lag; Cointegration; Domestic demand; Import demand; Nigeria; Palm oil;
- An Econometric Analysis of the Determinants of Demand for Palm Oil in Nigeria
- A Spatial Econometric Analysis on the Determinants of Regional Housing Demand
- THE ECONOMETRIC ANALYSIS OF FACTORS AFFECTING MONEY DEMAND IN MONGOLIA
- Econometric Analysis Of Budget Deficits Determinants: Example of Turkey (2006-2015)
- A STRATEGIC ASSESSMENT OF THE SOCIOECONOMIC STATUS OF PALM OIL MARKETING IN NIGERIA: A CASE STUDY OF PALM OIL MERCHANTS IN AN OIL PALM PREDOMINANT LOCAL GOVERNMENT AREA
Abstract
This paper empirically examines the determinants of palm oil demand in Nigeria. Within a time series framework, we adopted the Autoregressive Distributed Lag (ARDL) technique to establish the presence of long-run relationships between palm oil demand and its determinants. We find compelling evidence for the existence of a cointegrating relationship between the variables of interest. Our results further reveal that the price of palm oil and income are the major drivers of both import and domestic demand for palm oil in Nigeria. The study recommends that macroeconomic stabilization strategies and appropriate pricing policies should be designed to ensure the expansion of palm oil market share.
Other Latest Articles
- In Vitro Callus Proliferation from Stem Explants of Three Varieties of Green Gram after In Situ Ultraviolet-B Exposure
- Nature of Income and Expenditure of Rural and Urban Households: A Micro Level Study in Bankura District Of West Bengal
- In Vitro Callus Induction in Leaf Explants of Black Gram Varieties Grown Under In Situ UV-B Radiation
- Effect of Improved High Yielding Rice Variety on Farmers Productivity in Mada, Malaysia
- Influence of UV-B Radiation on In Vitro Seed Germination and Seedling Growth of Cowpea
Last modified: 2018-01-24 19:14:07