Economic impact of oil trade in a developing country: an empirical investigation of consequences of recent Gulf crisis in Malaysia

• Main Authors: Abdul Rashid, Zakariah, Othman, Mohd Shahwahid
• Format: Article
• Language: English
• Published: Penerbit Universiti Kebangsaan Malaysia 1994
• Online Access: http://psasir.upm.edu.my/id/eprint/16770/1/Economic%20impact%20of%20oil%20trade%20in%20a%20developing%20country%20an%20empirical%20investigation%20of%20consequences%20of%20recent%20Gulf%20crisis%20in%20Malaysia.pdf; http://psasir.upm.edu.my/id/eprint/16770/; http://www.ukm.my/fep/jem/content/1994.html

Petroleum-based industry has become significant to the Malaysian economy since the early seventies. It is now one of the key industries in the economy. The economy's export ratio of oil quadrupled to 16 percent in 1988 from 4 percent in 1974. The country is now a net exporter of oil and gas but...