ABSTRACT
According to the
previous studies, an increase in oil prices does influence the level of
economic activities. This project attempts to identify the effect of changes in
oil price on productivity performance in Malaysian manufacturing sectors. Two
variables are used in this paper are Crude Oil Prices (COP) and Industrial
Production Index (IPI). The results from the study show a positive relationship
between changes of oil price and manufacturing productivity performance.
Overall, this study only captures dynamic or short-term relationship between
COP and IPI.
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