The dynamic interactions among youth unemployment, inflation and economic growth in Asean countries

In this research, youth unemployment (YU), economic growth (EG) and inflation (INFLA) in the ASEAN countries of Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam is examined empirically from 1996 to 2019. The purpose of this research is...

Full description

Saved in:

Bibliographic Details
Main Author:	Yen, Vun Fung
Format:	Thesis
Language:	English English
Published:	2023
Subjects:	HD6050-6305 Classes of labor Including women children students middle-aged and older persons minorities
Online Access:	https://eprints.ums.edu.my/id/eprint/39090/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/39090/2/FULLTEXT.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-ums-ep.39090
record_format	uketd_dc
spelling	my-ums-ep.390902024-07-15T02:20:50Z The dynamic interactions among youth unemployment, inflation and economic growth in Asean countries 2023 Yen, Vun Fung HD6050-6305 Classes of labor Including women, children, students, middle-aged and older persons, minorities In this research, youth unemployment (YU), economic growth (EG) and inflation (INFLA) in the ASEAN countries of Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam is examined empirically from 1996 to 2019. The purpose of this research is to investigate the relationship between youth unemployment, economic growth and inflation in ASEAN countries. Additionally, this study examines the causal relationship between youth unemployment, inflation, and economic growth in ASEAN countries. Finally, this research examines the how interaction between youth unemployment, economic growth and inflation in ASEAN countries. The findings of this study reveal that over the long term, the three variables exhibit a correlation, with the result indicating a statistically significant relationship. The result from panel cointegration, Dumitrescu-Hurlin panel Granger Causality test and Multivariate Analysis of Variance found out that economic growth had a considerable negative impact in the long term, with a rise of 1% reducing youth unemployment by 0.14%. Somehow, there was no effect on youth unemployment in the short run. As is the case in ASEAN countries, there was a bidirectional causality relationship among youth unemployment and economic growth as well as between inflation and youth unemployment. However, there is a unidirectional causality moved from inflation to economic growth. Therefore, it can be concluded that government need to take an advance action on economic growth and inflation to lower the youth unemployment in ASEAN countries. Finally, there is interaction between youth unemployment (YU), economic growth and inflation with each other, both youth unemployment and inflation had a significant effect on economic growth of 0.04%. Additionally, inflation had a substantial effect on economic growth and youth unemployment when the p-value was less than 0.5 % (0.036). As a result, it is advised that ASEAN countries adopt policies that are successful and have a positive influence on youth unemployment, inflation and economic growth. This research is intended to contribute to the establishment of more effective youth empowerment policies and the growth of youth employment. 2023 Thesis https://eprints.ums.edu.my/id/eprint/39090/ https://eprints.ums.edu.my/id/eprint/39090/1/24%20PAGES.pdf text en public https://eprints.ums.edu.my/id/eprint/39090/2/FULLTEXT.pdf text en validuser mphil doctoral University Malaysia Sabah Faculty of Business, Economics and Accounting
institution	Universiti Malaysia Sabah
collection	UMS Institutional Repository
language	English English
topic	HD6050-6305 Classes of labor Including women children students middle-aged and older persons minorities
spellingShingle	HD6050-6305 Classes of labor Including women children students middle-aged and older persons minorities Yen, Vun Fung The dynamic interactions among youth unemployment, inflation and economic growth in Asean countries
description	In this research, youth unemployment (YU), economic growth (EG) and inflation (INFLA) in the ASEAN countries of Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam is examined empirically from 1996 to 2019. The purpose of this research is to investigate the relationship between youth unemployment, economic growth and inflation in ASEAN countries. Additionally, this study examines the causal relationship between youth unemployment, inflation, and economic growth in ASEAN countries. Finally, this research examines the how interaction between youth unemployment, economic growth and inflation in ASEAN countries. The findings of this study reveal that over the long term, the three variables exhibit a correlation, with the result indicating a statistically significant relationship. The result from panel cointegration, Dumitrescu-Hurlin panel Granger Causality test and Multivariate Analysis of Variance found out that economic growth had a considerable negative impact in the long term, with a rise of 1% reducing youth unemployment by 0.14%. Somehow, there was no effect on youth unemployment in the short run. As is the case in ASEAN countries, there was a bidirectional causality relationship among youth unemployment and economic growth as well as between inflation and youth unemployment. However, there is a unidirectional causality moved from inflation to economic growth. Therefore, it can be concluded that government need to take an advance action on economic growth and inflation to lower the youth unemployment in ASEAN countries. Finally, there is interaction between youth unemployment (YU), economic growth and inflation with each other, both youth unemployment and inflation had a significant effect on economic growth of 0.04%. Additionally, inflation had a substantial effect on economic growth and youth unemployment when the p-value was less than 0.5 % (0.036). As a result, it is advised that ASEAN countries adopt policies that are successful and have a positive influence on youth unemployment, inflation and economic growth. This research is intended to contribute to the establishment of more effective youth empowerment policies and the growth of youth employment.
format	Thesis
qualification_name	Master of Philosophy (M.Phil.)
qualification_level	Doctorate
author	Yen, Vun Fung
author_facet	Yen, Vun Fung
author_sort	Yen, Vun Fung
title	The dynamic interactions among youth unemployment, inflation and economic growth in Asean countries
title_short	The dynamic interactions among youth unemployment, inflation and economic growth in Asean countries
title_full	The dynamic interactions among youth unemployment, inflation and economic growth in Asean countries
title_fullStr	The dynamic interactions among youth unemployment, inflation and economic growth in Asean countries
title_full_unstemmed	The dynamic interactions among youth unemployment, inflation and economic growth in Asean countries
title_sort	dynamic interactions among youth unemployment, inflation and economic growth in asean countries
granting_institution	University Malaysia Sabah
granting_department	Faculty of Business, Economics and Accounting
publishDate	2023
url	https://eprints.ums.edu.my/id/eprint/39090/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/39090/2/FULLTEXT.pdf
_version_	1804890370670067712

The dynamic interactions among youth unemployment, inflation and economic growth in Asean countries

Similar Items