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

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

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Abstract

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.

Item Type: Article (Journal)
Additional Information: 5324/27363
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HB Economic Theory > HB3711 Business cycles. Economic fluctuations
Kulliyyahs/Centres/Divisions/Institutes: Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User: Dr Turkhan Ali Abdul Manap
Date Deposited: 10 Dec 2012 14:31
Last Modified: 10 Dec 2012 14:31
URI: http://irep.iium.edu.my/id/eprint/27363

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