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Unemployment and inflation in Malaysia: evidence from error correction model

The negative association between unemployment and inflation is known as the Phillips Curve because the trade-off relationship between these two variables was first pointed out by William Phillips in 1958. For several decades, the Phillips Curve has been an important tool for macroeconomic policy for...

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Main Authors: Fumitaka, Furuoka, Qaiser Munir
Format: Article
Language:English
English
Published: Penerbit Universiti Malaysia Sabah 2014
Subjects:
HD Industries. Land use. Labor
QA Mathematics
Online Access:https://eprints.ums.edu.my/id/eprint/15682/1/Unemployment_and_inflation_in_Malaysia.pdf
https://eprints.ums.edu.my/id/eprint/15682/7/Unemployment%20and%20inflation%20in%20Malaysia.pdf
https://eprints.ums.edu.my/id/eprint/15682/
http://www.ums.edu.my/mjbe/images/mjbe/vol1/article_3.pdf
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spelling my.ums.eprints.156822021-10-30T04:24:50Z https://eprints.ums.edu.my/id/eprint/15682/ Unemployment and inflation in Malaysia: evidence from error correction model Fumitaka, Furuoka Qaiser Munir HD Industries. Land use. Labor QA Mathematics The negative association between unemployment and inflation is known as the Phillips Curve because the trade-off relationship between these two variables was first pointed out by William Phillips in 1958. For several decades, the Phillips Curve has been an important tool for macroeconomic policy formulators in various countries. Considering the fact that the majority of the studies on the Phillips Curve have been done in the context of the developed economies, this study focuses on Malaysia and aims to empirically analyze the relationship between unemployment rate and inflation rate in a developing country. The main finding of the current inquiry is that there existed an equilibrium relationship between unemployment rate and inflation rate in Malaysia. In other words, the results of this study support the validity of the Phillips Curve hypothesis. Penerbit Universiti Malaysia Sabah 2014 Article PeerReviewed text en https://eprints.ums.edu.my/id/eprint/15682/1/Unemployment_and_inflation_in_Malaysia.pdf text en https://eprints.ums.edu.my/id/eprint/15682/7/Unemployment%20and%20inflation%20in%20Malaysia.pdf Fumitaka, Furuoka and Qaiser Munir (2014) Unemployment and inflation in Malaysia: evidence from error correction model. Malaysian Journal of Business and Economics (MJBE), 1 (1). pp. 35-45. ISSN 2289-8018 http://www.ums.edu.my/mjbe/images/mjbe/vol1/article_3.pdf
institution Universiti Malaysia Sabah
building UMS Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sabah
content_source UMS Institutional Repository
url_provider http://eprints.ums.edu.my/
language English
English
topic HD Industries. Land use. Labor
QA Mathematics
spellingShingle HD Industries. Land use. Labor
QA Mathematics
Fumitaka, Furuoka
Qaiser Munir
Unemployment and inflation in Malaysia: evidence from error correction model
description The negative association between unemployment and inflation is known as the Phillips Curve because the trade-off relationship between these two variables was first pointed out by William Phillips in 1958. For several decades, the Phillips Curve has been an important tool for macroeconomic policy formulators in various countries. Considering the fact that the majority of the studies on the Phillips Curve have been done in the context of the developed economies, this study focuses on Malaysia and aims to empirically analyze the relationship between unemployment rate and inflation rate in a developing country. The main finding of the current inquiry is that there existed an equilibrium relationship between unemployment rate and inflation rate in Malaysia. In other words, the results of this study support the validity of the Phillips Curve hypothesis.
format Article
author Fumitaka, Furuoka
Qaiser Munir
author_facet Fumitaka, Furuoka
Qaiser Munir
author_sort Fumitaka, Furuoka
title Unemployment and inflation in Malaysia: evidence from error correction model
title_short Unemployment and inflation in Malaysia: evidence from error correction model
title_full Unemployment and inflation in Malaysia: evidence from error correction model
title_fullStr Unemployment and inflation in Malaysia: evidence from error correction model
title_full_unstemmed Unemployment and inflation in Malaysia: evidence from error correction model
title_sort unemployment and inflation in malaysia: evidence from error correction model
publisher Penerbit Universiti Malaysia Sabah
publishDate 2014
url https://eprints.ums.edu.my/id/eprint/15682/1/Unemployment_and_inflation_in_Malaysia.pdf
https://eprints.ums.edu.my/id/eprint/15682/7/Unemployment%20and%20inflation%20in%20Malaysia.pdf
https://eprints.ums.edu.my/id/eprint/15682/
http://www.ums.edu.my/mjbe/images/mjbe/vol1/article_3.pdf
_version_ 1760229217528709120
score 13.211869

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