Dynamic linkages among price indices and type of inflation in Malaysia
This study examines the dynamic linkages among consumer price, producer price, industrial production and import price indices in Malaysia using monthly data from 2005 to 2011. The empirical results based on the Johansen multivariate cointegration test reveal that there is a long-run relationship amo...
| Main Authors: | , |
|---|---|
| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
School of Economics, Faculty of Economics and Management, Universiti Kebangsaan Malaysia
2014
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/48847/1/Dynamic%20linkages%20among%20price%20indices%20and%20type%20of%20inflation%20in%20Malaysia.pdf |
| _version_ | 1825930085393235968 |
|---|---|
| author | Murdipi, Rafiqa Law, Siong Hook |
| author_facet | Murdipi, Rafiqa Law, Siong Hook |
| author_sort | Murdipi, Rafiqa |
| collection | UPM |
| description | This study examines the dynamic linkages among consumer price, producer price, industrial production and import price indices in Malaysia using monthly data from 2005 to 2011. The empirical results based on the Johansen multivariate cointegration test reveal that there is a long-run relationship among these indices. The long-run estimations indicate that industrial production and import price are statistically significant determinants of consumer price index, which indicate the phenomenon of demand-pull and international transmission or imported inflation in the long-run. However, the higher producer price is associated with higher inflation or cost-push inflation in the short-run. |
| first_indexed | 2024-03-06T09:06:15Z |
| format | Conference or Workshop Item |
| id | upm.eprints-48847 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:06:15Z |
| publishDate | 2014 |
| publisher | School of Economics, Faculty of Economics and Management, Universiti Kebangsaan Malaysia |
| record_format | dspace |
| spelling | upm.eprints-488472016-11-01T04:50:13Z http://psasir.upm.edu.my/id/eprint/48847/ Dynamic linkages among price indices and type of inflation in Malaysia Murdipi, Rafiqa Law, Siong Hook This study examines the dynamic linkages among consumer price, producer price, industrial production and import price indices in Malaysia using monthly data from 2005 to 2011. The empirical results based on the Johansen multivariate cointegration test reveal that there is a long-run relationship among these indices. The long-run estimations indicate that industrial production and import price are statistically significant determinants of consumer price index, which indicate the phenomenon of demand-pull and international transmission or imported inflation in the long-run. However, the higher producer price is associated with higher inflation or cost-push inflation in the short-run. School of Economics, Faculty of Economics and Management, Universiti Kebangsaan Malaysia 2014 Conference or Workshop Item PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/48847/1/Dynamic%20linkages%20among%20price%20indices%20and%20type%20of%20inflation%20in%20Malaysia.pdf Murdipi, Rafiqa and Law, Siong Hook (2014) Dynamic linkages among price indices and type of inflation in Malaysia. In: Ninth Malaysian National Economic Conference (PERKEM), 17-19 Oct. 2014, Kuala Terengganu, Terengganu. (pp. 249-256). http://www.ukm.my/fep/perkem/contents/perkem2014-06.html |
| spellingShingle | Murdipi, Rafiqa Law, Siong Hook Dynamic linkages among price indices and type of inflation in Malaysia |
| title | Dynamic linkages among price indices and type of inflation in Malaysia |
| title_full | Dynamic linkages among price indices and type of inflation in Malaysia |
| title_fullStr | Dynamic linkages among price indices and type of inflation in Malaysia |
| title_full_unstemmed | Dynamic linkages among price indices and type of inflation in Malaysia |
| title_short | Dynamic linkages among price indices and type of inflation in Malaysia |
| title_sort | dynamic linkages among price indices and type of inflation in malaysia |
| url | http://psasir.upm.edu.my/id/eprint/48847/1/Dynamic%20linkages%20among%20price%20indices%20and%20type%20of%20inflation%20in%20Malaysia.pdf |
| work_keys_str_mv | AT murdipirafiqa dynamiclinkagesamongpriceindicesandtypeofinflationinmalaysia AT lawsionghook dynamiclinkagesamongpriceindicesandtypeofinflationinmalaysia |