This paper attempted to investigate the impact of real crude oil, natural gas and liquefied natural gas (LNG) prices on Malaysia’ Gross Domestic Product (GDP). Empirical analysis was based on the Autoregressive Distributed Lag (ARDL) estimates over a period of 30 years, from 1987 to 2017. The results revealed that the long- and short-run dynamics of GDP depended on the selected energy prices, given their dominant effects to Malaysia’s economic growth. This paper will help policymakers to address the current focus on creating the right applications that can substitute for high dependency on crude oil. Meanwhile, higher consumption of natural gas and liquefied natural gas in industrial sectors and the use of cleaner energy sources other than non-renewable energies may have provided the motivation to create this paper.
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In-Text Citation: (Saudi, Tsen, Murshidi, Murshidi, & Saayah, 2019)
To Cite this Article: Saudi, N. S. M., Tsen, W. H., Murshidi, M. H., Murshidi, M. H., & Saayah, A. (2019). The Impact of Crude Oil, Natural Gas and Liquefied Natural Gas (LNG) Prices on Malaysia GDP: Empirical Evidence using ARDL bound Testing Approach. International Journal of Academic Research in Business and Social Sciences, 9(6), 988–1001.
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