UPM Institutional Repository

Macroeconomic uncertainty in South East Asia: a comparative study between Malaysia and Indonesia


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


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.

Download File

[img] Text
Macroeconomic uncertainty in South East Asia.pdf
Restricted to Repository staff only

Download (925kB)

Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Putra Business School
DOI Number: https://doi.org/10.5296/rae.v9i4.11187
Publisher: Macrothink Institute
Keywords: Macroeconomic uncertainty; Macroeconomic volatility; South East Asia; Malaysia; Indonesia
Depositing User: Nurul Ainie Mokhtar
Date Deposited: 31 Oct 2019 07:29
Last Modified: 31 Oct 2019 07:29
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.5296/rae.v9i4.11187
URI: http://psasir.upm.edu.my/id/eprint/62325
Statistic Details: View Download Statistic

Actions (login required)

View Item View Item