Citation
Abstract
This paper investigates the existence of long-run relationship between unemployment and several key macroeconomic variables in Malaysia, Singapore, and the Philippines. The Johansen–Juselius cointegration method confirms the existence of a stationary long-run cointegration relationship between unemployment and its determinants in all three countries. Exports and foreign direct investment are important determinants of unemployment in Malaysia. In the Philippines, government spending and exports are inversely related to unemployment. In Singapore, only exports appeared as a significant factor in determining unemployment. The results show that the speed of adjustment following a shock is more rapid in Singapore compared to the other two ASEAN countries.
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Official URL or Download Paper: http://www.worldscientific.com/doi/abs/10.1142/S02...
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management Graduate School of Management |
| DOI Number: | https://doi.org/10.1142/S0217590811004353 |
| Publisher: | World Scientific Publishing |
| Keywords: | Unemployment; Speed of adjustment; Malaysia; Singapore; The Philippines |
| Depositing User: | Nabilah Mustapa |
| Date Deposited: | 31 Jul 2015 12:49 |
| Last Modified: | 18 Feb 2016 02:54 |
| Altmetrics: | http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1142/S0217590811004353 |
| URI: | http://psasir.upm.edu.my/id/eprint/22843 |
| Statistic Details: | View Download Statistic |
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