Unemployment, Job Vacancy And Beveridge Curve In Malaysia, Singapore And The Philippines

The macroeconomic objectives of an economy are maintaining a high economic growth, full employment, price stability, and balance of payments stability. As full employment or low unemployment is one of the objective of Malaysia, Singapore and the Philippines economy, this research will shed some l...

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Main Author:	Subramaniam, Thirunaukarasu
Format:	Thesis
Language:	English English
Published:	2007
Subjects:	Unemploment - Malaysia - Case studies Unemployment - Singapore Unemployment - Philippines
Online Access:	http://psasir.upm.edu.my/id/eprint/5035/1/FEP_2007_12.pdf
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id	my-upm-ir.5035
record_format	uketd_dc
spelling	my-upm-ir.50352013-05-27T07:19:55Z Unemployment, Job Vacancy And Beveridge Curve In Malaysia, Singapore And The Philippines 2007 Subramaniam, Thirunaukarasu The macroeconomic objectives of an economy are maintaining a high economic growth, full employment, price stability, and balance of payments stability. As full employment or low unemployment is one of the objective of Malaysia, Singapore and the Philippines economy, this research will shed some light on how this objective can be achieved. The order of integration is first determined by using various unit root tests namely ADF Test and PP Test. Next, the appropriate cointegration method is used based on the order of integration. The estimation procedure employed in this study is Bounds Test Approach of ARDL-UECM popularised by Pesaran (2001). The Bounds Test of ARDL-UECM shows that Malaysia, Singapore and the Philippines display a steady state long-run equilibrium among unemployment and macroeconomic variables. The analysis using ARDL-UECM Approach displays a negative relationship for Malaysia between unemployment and job vacancy. In contrast, for Singapore and the Philippines, a positive relationship exist between unemployment and job vacancy. Using ARDL-UECM Approach, for Malaysia, job vacancy rate, economic growth, and foreign direct investment are found to be important variables that determines unemployment. For Singapore, variables that are deemed important in determination of unemployment are economic growth and foreign direct investment but for the Philippines, government spending are found to be important. Several conclusions can be derived from this study. Firstly, only Malaysia seems to have fulfilled the Theory of Beveridge Curve. Both Singapore and the Philippines does not fulfill the Theory of Beveridge Curve. Secondly, FDI still plays a major role in reducing unemployment in Malaysia and Singapore but not in the Philippines. Thirdly, the government sector does not have any impact on unemployment in both Malaysia and Singapore but not in the Philippines. Unemploment - Malaysia - Case studies Unemployment - Singapore Unemployment - Philippines 2007 Thesis http://psasir.upm.edu.my/id/eprint/5035/ http://psasir.upm.edu.my/id/eprint/5035/1/FEP_2007_12.pdf application/pdf en public phd doctoral Universiti Putra Malaysia Unemploment - Malaysia - Case studies Unemployment - Singapore Unemployment - Philippines Faculty Economics and Management English
institution	Universiti Putra Malaysia
collection	PSAS Institutional Repository
language	English English
topic	Unemploment - Malaysia - Case studies Unemployment - Singapore Unemployment - Philippines
spellingShingle	Unemploment - Malaysia - Case studies Unemployment - Singapore Unemployment - Philippines Subramaniam, Thirunaukarasu Unemployment, Job Vacancy And Beveridge Curve In Malaysia, Singapore And The Philippines
description	The macroeconomic objectives of an economy are maintaining a high economic growth, full employment, price stability, and balance of payments stability. As full employment or low unemployment is one of the objective of Malaysia, Singapore and the Philippines economy, this research will shed some light on how this objective can be achieved. The order of integration is first determined by using various unit root tests namely ADF Test and PP Test. Next, the appropriate cointegration method is used based on the order of integration. The estimation procedure employed in this study is Bounds Test Approach of ARDL-UECM popularised by Pesaran (2001). The Bounds Test of ARDL-UECM shows that Malaysia, Singapore and the Philippines display a steady state long-run equilibrium among unemployment and macroeconomic variables. The analysis using ARDL-UECM Approach displays a negative relationship for Malaysia between unemployment and job vacancy. In contrast, for Singapore and the Philippines, a positive relationship exist between unemployment and job vacancy. Using ARDL-UECM Approach, for Malaysia, job vacancy rate, economic growth, and foreign direct investment are found to be important variables that determines unemployment. For Singapore, variables that are deemed important in determination of unemployment are economic growth and foreign direct investment but for the Philippines, government spending are found to be important. Several conclusions can be derived from this study. Firstly, only Malaysia seems to have fulfilled the Theory of Beveridge Curve. Both Singapore and the Philippines does not fulfill the Theory of Beveridge Curve. Secondly, FDI still plays a major role in reducing unemployment in Malaysia and Singapore but not in the Philippines. Thirdly, the government sector does not have any impact on unemployment in both Malaysia and Singapore but not in the Philippines.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Subramaniam, Thirunaukarasu
author_facet	Subramaniam, Thirunaukarasu
author_sort	Subramaniam, Thirunaukarasu
title	Unemployment, Job Vacancy And Beveridge Curve In Malaysia, Singapore And The Philippines
title_short	Unemployment, Job Vacancy And Beveridge Curve In Malaysia, Singapore And The Philippines
title_full	Unemployment, Job Vacancy And Beveridge Curve In Malaysia, Singapore And The Philippines
title_fullStr	Unemployment, Job Vacancy And Beveridge Curve In Malaysia, Singapore And The Philippines
title_full_unstemmed	Unemployment, Job Vacancy And Beveridge Curve In Malaysia, Singapore And The Philippines
title_sort	unemployment, job vacancy and beveridge curve in malaysia, singapore and the philippines
granting_institution	Universiti Putra Malaysia
granting_department	Faculty Economics and Management
publishDate	2007
url	http://psasir.upm.edu.my/id/eprint/5035/1/FEP_2007_12.pdf
_version_	1747810336131514368

Unemployment, Job Vacancy And Beveridge Curve In Malaysia, Singapore And The Philippines

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