Dynamic response of agricultural production to financial stress using ARDL and QARDL models

Shairil Izwan Taasim and Neilson Teruki and Nur Azmina Binti Tajuddin and Wong Sing Yun (2025) Dynamic response of agricultural production to financial stress using ARDL and QARDL models. Empirical Economics Letters, 24. pp. 9-20. ISSN 1681 8997

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Abstract

The agricultural sector plays a vital role in ensuring food security for Malaysia and is one of the sources of income for the country, growing fast over decade. The Malaysian government has implemented various measures to address the challenges facing the agricultural sector and improve food security in the country. The government has also implemented various initiative such as subsidy for agricultural and government intervention in the market. This study investigates the performance of Malaysia financial stability by examining the short and long run effects on agricultural production. The monthly data selected agricultural products for the period of January 2015 to December 2022 are used for this study. We estimate an ARDL and Quantile ARDL model to analyze the relationship. Our results indicate crude palm oil and natural rubber have an integration with the financial stress. The crude oil palm and rubber have the largest contributions for Malaysia agricultural. Findings suggest addressing the challenges facing the agricultural sector include the stability of financial stress towards improving food security.

Item Type:	Article
Keyword:	Financial Stress, Food Security, Economic Growth, Volatility
Subjects:	B Philosophy. Psychology. Religion > BF Psychology > BF1-990 Psychology H Social Sciences > HB Economic theory. Demography > HB1-3840 Economic theory. Demography > HB3711-3840 Business cycles. Economic fluctuations H Social Sciences > HB Economic theory. Demography > HB1-3840 Economic theory. Demography > HB75-130 History of economics. History of economic theory Including special economic schools
Department:	FACULTY > Faculty of Business, Economics and Accounting
Depositing User:	JUNAINE JASNI -
Date Deposited:	15 Dec 2025 15:24
Last Modified:	15 Dec 2025 15:24
URI:	https://eprints.ums.edu.my/id/eprint/45763

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