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...

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Main Authors:	Abdul Manap, Turkhan Ali, Kassim, Salina
Format:	Article
Language:	English
Published:	Universiti Teknologi MARA Terengganu 2012
Subjects:	H Social Sciences (General) HB Economic Theory HB3711 Business cycles. Economic fluctuations
Online Access:	http://irep.iium.edu.my/27363/ http://irep.iium.edu.my/27363/ http://irep.iium.edu.my/27363/1/V2I2A7.CO-MOVEMENT_OF_OUTPUT_AND_PRICE_IN_MALAYSIA.pdf

id	iium-27363
recordtype	eprints
spelling	iium-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
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General) HB Economic Theory HB3711 Business cycles. Economic fluctuations
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
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.
format	Article
author	Abdul Manap, Turkhan Ali Kassim, Salina
author_facet	Abdul Manap, Turkhan Ali Kassim, Salina
author_sort	Abdul Manap, Turkhan Ali
title	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_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_sort	co-movement of output and price in malaysia: empirical evidence and macroeconomic policy implications
publisher	Universiti Teknologi MARA Terengganu
publishDate	2012
url	http://irep.iium.edu.my/27363/ http://irep.iium.edu.my/27363/ http://irep.iium.edu.my/27363/1/V2I2A7.CO-MOVEMENT_OF_OUTPUT_AND_PRICE_IN_MALAYSIA.pdf
first_indexed	2023-09-18T20:40:40Z
last_indexed	2023-09-18T20:40:40Z
_version_	1777409342979440640

Co-movement of output and price in Malaysia: Empirical evidence and macroeconomic policy implications

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