Record Details

The Effects of Oil Price Changes And Exchange Rate Volatility On Unemployment: Evidence From Malaysia

International Journal of Research in Business and Social Science

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Field Value
 
Title The Effects of Oil Price Changes And Exchange Rate Volatility On Unemployment: Evidence From Malaysia
 
Creator Shaari, Mohd Shahidan; Universiti Malaysia Perlis
Hussain, Nor Ermawati; Universiti Utara Malaysia
Rahim, Hafizah Abdul; Universiti Malaysia Perlis
 
Subject Business; Economics
oil price, exchange rate, unemployment
 
Description The study aims to examine the effects of oilprice and exchange rate on unemployment in Malaysia. The empirical analysiscommence by analyzing the time series property of data. The Johansen VAR-basedco-integration technique was applied to examine the long run relationshipbetween exchange rate, oil price and unemployment and found the long runrelationship does exist. The vector error correction model was performed tocheck the short run dynamics and found that the short run dynamics areinfluenced by the estimated long run equilibrium. Granger causality was done andfound that oil price does not affect unemployment but exchange rate has aninfluence on unemployment. Therefore, putting the exchange rate under controlshould be implemented to control unemployment.
 
Publisher SSBFNET
 
Contributor Universiti Malaysia Perlis
 
Date 2013-10-04
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/193
 
Source International Journal of Research in Business and Social Science ( ISSN: 2147- 4478); Vol 2, No 4 (2013): October; 72-83
2147-4478
 
Language eng
 
Relation http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/193/351