{"id":1897,"date":"2021-06-03T04:20:23","date_gmt":"2021-06-02T20:20:23","guid":{"rendered":"https:\/\/www.ukm.my\/jem\/?post_type=article&#038;p=1897"},"modified":"2021-09-09T12:31:53","modified_gmt":"2021-09-09T04:31:53","slug":"linking-exchange-rates-market-failures-and-agricultural-land-demand","status":"publish","type":"article","link":"https:\/\/www.ukm.my\/jem\/article\/linking-exchange-rates-market-failures-and-agricultural-land-demand\/","title":{"rendered":"Linking Exchange Rates, Market Failures and Agricultural Land Demand"},"content":{"rendered":"<p>The financial crisis of 1997\/98 has provided the so-called &#8220;sun set&#8221; agricultural sector a rejuvenated role as a growth impetus. This leads fo concerns as to whether agricultural augmentation would pose significant repercussions all the pattern of natural resource use, especially land factor. This paper explores whether sustained depreciation on The Malaysian Ringgit will pose significant impacts on agricultural land demand in the country with special focus on The oil palm sub-sector. A comparative static, single commodity model with explicit land factor is employed. Analysis shows thaI a prolonged Ringgit depreciation of 40 percent ceteris paribus will have substamial impacts on land demand (about 10 percent for the oil palm sub-sector). In reality, expansion of oil palm land-use could be greater as other crops, especially rubber is steadily being converted to oil palm due to relative commodity price changes and rising production cost.<\/p>\n","protected":false},"template":"","tags":[],"jel-code":[],"article-type":[1329],"class_list":["entry","author-jem","post-1897","article","type-article","status-publish","article-type-normal-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Linking Exchange Rates, Market Failures and Agricultural Land Demand | Jurnal Ekonomi Malaysia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ukm.my\/jem\/article\/linking-exchange-rates-market-failures-and-agricultural-land-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Linking Exchange Rates, Market Failures and Agricultural Land Demand | Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"og:description\" content=\"The financial crisis of 1997\/98 has provided the so-called &#8220;sun set&#8221; agricultural sector a rejuvenated role as a growth impetus. This leads fo concerns as to whether agricultural augmentation would pose significant repercussions all the pattern of natural resource use, especially land factor. This paper explores whether sustained depreciation onContinue Reading\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ukm.my\/jem\/article\/linking-exchange-rates-market-failures-and-agricultural-land-demand\/\" \/>\n<meta property=\"og:site_name\" content=\"Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-09T04:31:53+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@EkonomiJurnal\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/linking-exchange-rates-market-failures-and-agricultural-land-demand\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/linking-exchange-rates-market-failures-and-agricultural-land-demand\\\/\",\"name\":\"Linking Exchange Rates, Market Failures and Agricultural Land Demand | Jurnal Ekonomi Malaysia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\"},\"datePublished\":\"2021-06-02T20:20:23+00:00\",\"dateModified\":\"2021-09-09T04:31:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/linking-exchange-rates-market-failures-and-agricultural-land-demand\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/linking-exchange-rates-market-failures-and-agricultural-land-demand\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/linking-exchange-rates-market-failures-and-agricultural-land-demand\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Articles\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Linking Exchange Rates, Market Failures and Agricultural Land Demand\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"name\":\"Jurnal Ekonomi Malaysia\",\"description\":\"Universiti Kebangsaan Malaysia\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\",\"name\":\"Jurnal Ekonomi Malaysia\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"contentUrl\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"width\":512,\"height\":308,\"caption\":\"Jurnal Ekonomi Malaysia\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\",\"https:\\\/\\\/x.com\\\/EkonomiJurnal\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Linking Exchange Rates, Market Failures and Agricultural Land Demand | Jurnal Ekonomi Malaysia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ukm.my\/jem\/article\/linking-exchange-rates-market-failures-and-agricultural-land-demand\/","og_locale":"en_US","og_type":"article","og_title":"Linking Exchange Rates, Market Failures and Agricultural Land Demand | Jurnal Ekonomi Malaysia","og_description":"The financial crisis of 1997\/98 has provided the so-called &#8220;sun set&#8221; agricultural sector a rejuvenated role as a growth impetus. 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