An investigation of economic growth, youth unemployment and inflation in ASEAN countries
This study examines the relationship and interaction between youth unemployment (YU), inflation (INFLA), and economic growth (GDP)of ASEAN countries: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam from 1996 to 2019. This study aims t...
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Faculty of Business, Economics and Accountancy
2021
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| Online Access: | https://eprints.ums.edu.my/id/eprint/32247/1/An%20investigation%20of%20economic%20growth%2C%20youth%20unemployment%20and%20inflation%20in%20asean%20countries.ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/32247/2/An%20investigation%20of%20economic%20growth%2C%20youth%20unemployment%20and%20inflation%20in%20asean%20countries.pdf https://eprints.ums.edu.my/id/eprint/32247/ https://www.ums.edu.my/fpep/New%20Folder%201/PROCEEDINGS_OF_3RD_INTERNATIONAL_CONFERENCE_ON_ECONOMICS_ICE2021_.pdf |
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| author | Yen Vun Fung Janice L. H. Nga |
| author_facet | Yen Vun Fung Janice L. H. Nga |
| author_sort | Yen Vun Fung |
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| content_provider | Universiti Malaysia Sabah |
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| continent | Asia |
| country | Malaysia |
| description | This study examines the relationship and interaction between youth unemployment (YU), inflation (INFLA), and economic growth (GDP)of ASEAN countries: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam from 1996 to 2019. This study aims to examine the relationship between youth unemployment, inflation, and economic growth throughout the selected period. The method of Panel Granger Causality test, Panel Autoregressive Distributed Log (ADRL) approach, Panel unit root test, Panel co-integration test, Mean Group and Pooled Mean Group, and MANOVA test was applied in this study. This study found that in long run youth unemployment as a significant in negative impact where the increase in 1percent of youth unemployment, it will decrease 0.24 percent of economic growth. For inflation, the result stated that inflation also has positive significant impact in the long run which means that the increase 1percent in inflation, it also improves the economic growth with 0.31percent. As in ASEAN countries, the bidirectional relationship between youth unemployment, inflation and economic growth exist with causality running from youth unemployment and inflation to economic growth in individual. Lastly, youth unemployment and inflation have an interaction and is a significant effect on economic growth. Therefore, it is recommended that ASEAN countries take the specific policies that are effective and impact youth unemployment, inflation, and economic growth for the ASEAN countries. This research is expected to help enhance youth empowerment quality policies and improve the development of youth employment. |
| format | Proceedings |
| id | my.ums.eprints-32247 |
| institution | Universiti Malaysia Sabah |
| language | en en |
| publishDate | 2021 |
| publisher | Faculty of Business, Economics and Accountancy |
| record_format | eprints |
| spelling | my.ums.eprints-322472022-04-13T04:56:46Z https://eprints.ums.edu.my/id/eprint/32247/ An investigation of economic growth, youth unemployment and inflation in ASEAN countries Yen Vun Fung Janice L. H. Nga HC94-1085 By region or country HD6050-6305 Classes of labor Including women, children, students, middle-aged and older persons, minorities This study examines the relationship and interaction between youth unemployment (YU), inflation (INFLA), and economic growth (GDP)of ASEAN countries: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam from 1996 to 2019. This study aims to examine the relationship between youth unemployment, inflation, and economic growth throughout the selected period. The method of Panel Granger Causality test, Panel Autoregressive Distributed Log (ADRL) approach, Panel unit root test, Panel co-integration test, Mean Group and Pooled Mean Group, and MANOVA test was applied in this study. This study found that in long run youth unemployment as a significant in negative impact where the increase in 1percent of youth unemployment, it will decrease 0.24 percent of economic growth. For inflation, the result stated that inflation also has positive significant impact in the long run which means that the increase 1percent in inflation, it also improves the economic growth with 0.31percent. As in ASEAN countries, the bidirectional relationship between youth unemployment, inflation and economic growth exist with causality running from youth unemployment and inflation to economic growth in individual. Lastly, youth unemployment and inflation have an interaction and is a significant effect on economic growth. Therefore, it is recommended that ASEAN countries take the specific policies that are effective and impact youth unemployment, inflation, and economic growth for the ASEAN countries. This research is expected to help enhance youth empowerment quality policies and improve the development of youth employment. Faculty of Business, Economics and Accountancy 2021 Proceedings PeerReviewed text en https://eprints.ums.edu.my/id/eprint/32247/1/An%20investigation%20of%20economic%20growth%2C%20youth%20unemployment%20and%20inflation%20in%20asean%20countries.ABSTRACT.pdf text en https://eprints.ums.edu.my/id/eprint/32247/2/An%20investigation%20of%20economic%20growth%2C%20youth%20unemployment%20and%20inflation%20in%20asean%20countries.pdf Yen Vun Fung and Janice L. H. Nga (2021) An investigation of economic growth, youth unemployment and inflation in ASEAN countries. https://www.ums.edu.my/fpep/New%20Folder%201/PROCEEDINGS_OF_3RD_INTERNATIONAL_CONFERENCE_ON_ECONOMICS_ICE2021_.pdf |
| spellingShingle | HC94-1085 By region or country HD6050-6305 Classes of labor Including women, children, students, middle-aged and older persons, minorities Yen Vun Fung Janice L. H. Nga An investigation of economic growth, youth unemployment and inflation in ASEAN countries |
| title | An investigation of economic growth, youth unemployment and inflation in ASEAN countries |
| title_full | An investigation of economic growth, youth unemployment and inflation in ASEAN countries |
| title_fullStr | An investigation of economic growth, youth unemployment and inflation in ASEAN countries |
| title_full_unstemmed | An investigation of economic growth, youth unemployment and inflation in ASEAN countries |
| title_short | An investigation of economic growth, youth unemployment and inflation in ASEAN countries |
| title_sort | investigation of economic growth, youth unemployment and inflation in asean countries |
| topic | HC94-1085 By region or country HD6050-6305 Classes of labor Including women, children, students, middle-aged and older persons, minorities |
| url | https://eprints.ums.edu.my/id/eprint/32247/1/An%20investigation%20of%20economic%20growth%2C%20youth%20unemployment%20and%20inflation%20in%20asean%20countries.ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/32247/2/An%20investigation%20of%20economic%20growth%2C%20youth%20unemployment%20and%20inflation%20in%20asean%20countries.pdf https://eprints.ums.edu.my/id/eprint/32247/ https://www.ums.edu.my/fpep/New%20Folder%201/PROCEEDINGS_OF_3RD_INTERNATIONAL_CONFERENCE_ON_ECONOMICS_ICE2021_.pdf |
| url_provider | http://eprints.ums.edu.my/ |