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Inflation and unemployment: the evicence from Malaysia

One of the major issues in Macroeconomics theory concerns the possible role of reduced inflation and elimination ojunemployment. This paper aims to examine the relationship between inflation and unemployment rates in Malaysia. ' For this purpose, cointegration test was used The results show th...

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Main Author: Wong, Hock Tsen
Format: Research Report
Language:English
English
Published: Universiti Malaysia Sabah 1995
Subjects:
HD Industries. Land use. Labor
Online Access:https://eprints.ums.edu.my/id/eprint/23395/1/Inflation%20and%20unemployment.pdf
https://eprints.ums.edu.my/id/eprint/23395/7/Inflation%20and%20unemployment.pdf
https://eprints.ums.edu.my/id/eprint/23395/
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spelling my.ums.eprints.233952020-08-27T07:57:16Z https://eprints.ums.edu.my/id/eprint/23395/ Inflation and unemployment: the evicence from Malaysia Wong, Hock Tsen HD Industries. Land use. Labor One of the major issues in Macroeconomics theory concerns the possible role of reduced inflation and elimination ojunemployment. This paper aims to examine the relationship between inflation and unemployment rates in Malaysia. ' For this purpose, cointegration test was used The results show that there was no evidence of cointegration. This implied that inflation and unemployment rates was not moving together in the same direction in the long-run. Furthermore, a model of inflation was proposed which included the sources of inflation from money supply, excess demand for labour, and imported injlatiOn. The model was estimated with the used of Ordinal Lease Squares (OLS) method. The estimated result showed that the relationship between inflation and unemployment rates was inverse. This supports the earlier results obtained which used cointegration test. The inverse relationship implied that reducing the inflation rate will cause unemployment rate to increase or vice versa. Universiti Malaysia Sabah 1995 Research Report NonPeerReviewed text en https://eprints.ums.edu.my/id/eprint/23395/1/Inflation%20and%20unemployment.pdf text en https://eprints.ums.edu.my/id/eprint/23395/7/Inflation%20and%20unemployment.pdf Wong, Hock Tsen (1995) Inflation and unemployment: the evicence from Malaysia. (Unpublished)
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
spellingShingle HD Industries. Land use. Labor
Wong, Hock Tsen
Inflation and unemployment: the evicence from Malaysia
description One of the major issues in Macroeconomics theory concerns the possible role of reduced inflation and elimination ojunemployment. This paper aims to examine the relationship between inflation and unemployment rates in Malaysia. ' For this purpose, cointegration test was used The results show that there was no evidence of cointegration. This implied that inflation and unemployment rates was not moving together in the same direction in the long-run. Furthermore, a model of inflation was proposed which included the sources of inflation from money supply, excess demand for labour, and imported injlatiOn. The model was estimated with the used of Ordinal Lease Squares (OLS) method. The estimated result showed that the relationship between inflation and unemployment rates was inverse. This supports the earlier results obtained which used cointegration test. The inverse relationship implied that reducing the inflation rate will cause unemployment rate to increase or vice versa.
format Research Report
author Wong, Hock Tsen
author_facet Wong, Hock Tsen
author_sort Wong, Hock Tsen
title Inflation and unemployment: the evicence from Malaysia
title_short Inflation and unemployment: the evicence from Malaysia
title_full Inflation and unemployment: the evicence from Malaysia
title_fullStr Inflation and unemployment: the evicence from Malaysia
title_full_unstemmed Inflation and unemployment: the evicence from Malaysia
title_sort inflation and unemployment: the evicence from malaysia
publisher Universiti Malaysia Sabah
publishDate 1995
url https://eprints.ums.edu.my/id/eprint/23395/1/Inflation%20and%20unemployment.pdf
https://eprints.ums.edu.my/id/eprint/23395/7/Inflation%20and%20unemployment.pdf
https://eprints.ums.edu.my/id/eprint/23395/
_version_ 1760230100448575488
score 13.211869

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