Co-movement of output and price in Malaysia: Empirical evidence and macroeconomic policy implications
This study conducts a comprehensive analysis on the output-price relationship in Malaysia with the objective of identifying the major source of macroeconomic fluctuations in Malaysia, thus drawing relevant policy recommendations for effective macroeconomic stabilization policy. We analyze the sho...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universiti Teknologi MARA Terengganu
2012
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| Online Access: | http://irep.iium.edu.my/27363/1/V2I2A7.CO-MOVEMENT_OF_OUTPUT_AND_PRICE_IN_MALAYSIA.pdf |
| _version_ | 1825646984170569728 |
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| author | Abdul Manap, Turkhan Ali Kassim, Salina |
| author_facet | Abdul Manap, Turkhan Ali Kassim, Salina |
| author_sort | Abdul Manap, Turkhan Ali |
| collection | IIUM |
| description | This study conducts a comprehensive analysis on the output-price relationship in Malaysia
with the objective of identifying the major source of macroeconomic fluctuations in Malaysia,
thus drawing relevant policy recommendations for effective macroeconomic stabilization
policy. We analyze the short- and long-run co-movements between real activity and prices
using several tests in efforts to arrive at conclusive findings. Apart from the descriptive
analysis, the study relies on the VAR forecast errors based on Den Haan and Sumner
(2000). The study considers an extended data sample of monthly frequency covering the
period from January 1971 to November 2009. The study aims to contribute towards
enriching policy recommendations for effective macroeconomic stabilization policy in the
country. |
| first_indexed | 2024-03-05T23:10:50Z |
| format | Article |
| id | oai:generic.eprints.org:27363 |
| institution | International Islamic University Malaysia |
| language | English |
| last_indexed | 2024-03-13T19:03:19Z |
| publishDate | 2012 |
| publisher | Universiti Teknologi MARA Terengganu |
| record_format | dspace |
| spelling | oai:generic.eprints.org:273632012-12-10T06:31:25Z http://irep.iium.edu.my/27363/ Co-movement of output and price in Malaysia: Empirical evidence and macroeconomic policy implications Abdul Manap, Turkhan Ali Kassim, Salina H Social Sciences (General) HB Economic Theory HB3711 Business cycles. Economic fluctuations This study conducts a comprehensive analysis on the output-price relationship in Malaysia with the objective of identifying the major source of macroeconomic fluctuations in Malaysia, thus drawing relevant policy recommendations for effective macroeconomic stabilization policy. We analyze the short- and long-run co-movements between real activity and prices using several tests in efforts to arrive at conclusive findings. Apart from the descriptive analysis, the study relies on the VAR forecast errors based on Den Haan and Sumner (2000). The study considers an extended data sample of monthly frequency covering the period from January 1971 to November 2009. The study aims to contribute towards enriching policy recommendations for effective macroeconomic stabilization policy in the country. Universiti Teknologi MARA Terengganu 2012-09 Article PeerReviewed application/pdf en http://irep.iium.edu.my/27363/1/V2I2A7.CO-MOVEMENT_OF_OUTPUT_AND_PRICE_IN_MALAYSIA.pdf Abdul Manap, Turkhan Ali and Kassim, Salina (2012) Co-movement of output and price in Malaysia: Empirical evidence and macroeconomic policy implications. Terengganu International Finance and Economics Journal, 2 (2). pp. 63-74. ISSN 2232-0539 http://tifej.uitm.edu.my/images/stories/V2I2/v2i2a7.co-movement%20of%20output%20and%20price%20in%20malaysia.pdf |
| spellingShingle | H Social Sciences (General) HB Economic Theory HB3711 Business cycles. Economic fluctuations Abdul Manap, Turkhan Ali Kassim, Salina Co-movement of output and price in Malaysia: Empirical evidence and macroeconomic policy implications |
| title | Co-movement of output and price in Malaysia:
Empirical evidence and macroeconomic policy implications |
| title_full | Co-movement of output and price in Malaysia:
Empirical evidence and macroeconomic policy implications |
| title_fullStr | Co-movement of output and price in Malaysia:
Empirical evidence and macroeconomic policy implications |
| title_full_unstemmed | Co-movement of output and price in Malaysia:
Empirical evidence and macroeconomic policy implications |
| title_short | Co-movement of output and price in Malaysia:
Empirical evidence and macroeconomic policy implications |
| title_sort | co movement of output and price in malaysia empirical evidence and macroeconomic policy implications |
| topic | H Social Sciences (General) HB Economic Theory HB3711 Business cycles. Economic fluctuations |
| url | http://irep.iium.edu.my/27363/1/V2I2A7.CO-MOVEMENT_OF_OUTPUT_AND_PRICE_IN_MALAYSIA.pdf |
| work_keys_str_mv | AT abdulmanapturkhanali comovementofoutputandpriceinmalaysiaempiricalevidenceandmacroeconomicpolicyimplications AT kassimsalina comovementofoutputandpriceinmalaysiaempiricalevidenceandmacroeconomicpolicyimplications |