Macroeconomic uncertainty in South East Asia: a comparative study between Malaysia and Indonesia
This paper examines the historical pattern of macroeconomic uncertainty of two developing countries in the South East Asia, namely Malaysia and Indonesia. Comparisons of macroeconomic uncertainty are also made between both countries using a selected number of indicators for macroeconomic volatility....
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Macrothink Institute
2017
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| Online Access: | http://psasir.upm.edu.my/id/eprint/62325/1/Macroeconomic%20uncertainty%20in%20South%20East%20Asia.pdf |
| _version_ | 1796977609433677824 |
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| author | Chow, Yee Peng Muhammad, Junaina Amin Noordin, Bany Ariffin Cheng, Fan Fah |
| author_facet | Chow, Yee Peng Muhammad, Junaina Amin Noordin, Bany Ariffin Cheng, Fan Fah |
| author_sort | Chow, Yee Peng |
| collection | UPM |
| description | This paper examines the historical pattern of macroeconomic uncertainty of two developing countries in the South East Asia, namely Malaysia and Indonesia. Comparisons of macroeconomic uncertainty are also made between both countries using a selected number of indicators for macroeconomic volatility. We find that while both countries were affected by similar external sources of macroeconomic uncertainty, these countries were also subject to domestic sources of macroeconomic uncertainty which were confined to the particular country. The analyses also reveal that Indonesia experienced more fluctuations compared to Malaysia when macroeconomic uncertainty is measured by volatility as a macroeconomic outcome and domestic sources of macroeconomic volatility. Contrarily, Malaysia displayed greater fluctuations than Indonesia when macroeconomic uncertainty is measured by external sources of macroeconomic volatility. Policy implications are drawn from the findings. |
| first_indexed | 2024-03-06T09:42:35Z |
| format | Article |
| id | upm.eprints-62325 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:42:35Z |
| publishDate | 2017 |
| publisher | Macrothink Institute |
| record_format | dspace |
| spelling | upm.eprints-623252019-10-31T07:29:31Z http://psasir.upm.edu.my/id/eprint/62325/ Macroeconomic uncertainty in South East Asia: a comparative study between Malaysia and Indonesia Chow, Yee Peng Muhammad, Junaina Amin Noordin, Bany Ariffin Cheng, Fan Fah This paper examines the historical pattern of macroeconomic uncertainty of two developing countries in the South East Asia, namely Malaysia and Indonesia. Comparisons of macroeconomic uncertainty are also made between both countries using a selected number of indicators for macroeconomic volatility. We find that while both countries were affected by similar external sources of macroeconomic uncertainty, these countries were also subject to domestic sources of macroeconomic uncertainty which were confined to the particular country. The analyses also reveal that Indonesia experienced more fluctuations compared to Malaysia when macroeconomic uncertainty is measured by volatility as a macroeconomic outcome and domestic sources of macroeconomic volatility. Contrarily, Malaysia displayed greater fluctuations than Indonesia when macroeconomic uncertainty is measured by external sources of macroeconomic volatility. Policy implications are drawn from the findings. Macrothink Institute 2017 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/62325/1/Macroeconomic%20uncertainty%20in%20South%20East%20Asia.pdf Chow, Yee Peng and Muhammad, Junaina and Amin Noordin, Bany Ariffin and Cheng, Fan Fah (2017) Macroeconomic uncertainty in South East Asia: a comparative study between Malaysia and Indonesia. Research in Applied Economics, 9 (4). pp. 1-24. ISSN 1948-5433 http://www.macrothink.org/journal/index.php/rae/article/view/11187 10.5296/rae.v9i4.11187 |
| spellingShingle | Chow, Yee Peng Muhammad, Junaina Amin Noordin, Bany Ariffin Cheng, Fan Fah Macroeconomic uncertainty in South East Asia: a comparative study between Malaysia and Indonesia |
| title | Macroeconomic uncertainty in South East Asia: a comparative study between Malaysia and Indonesia |
| title_full | Macroeconomic uncertainty in South East Asia: a comparative study between Malaysia and Indonesia |
| title_fullStr | Macroeconomic uncertainty in South East Asia: a comparative study between Malaysia and Indonesia |
| title_full_unstemmed | Macroeconomic uncertainty in South East Asia: a comparative study between Malaysia and Indonesia |
| title_short | Macroeconomic uncertainty in South East Asia: a comparative study between Malaysia and Indonesia |
| title_sort | macroeconomic uncertainty in south east asia a comparative study between malaysia and indonesia |
| url | http://psasir.upm.edu.my/id/eprint/62325/1/Macroeconomic%20uncertainty%20in%20South%20East%20Asia.pdf |
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