The Effects of Oil Price Changes And Exchange Rate Volatility On Unemployment
Mohd Shahidan Shaari · Nor Ermawati Hussain · Hafizah Abdul Rarhim
International Journal of Research in Business and Social Science · 2013 · Vol. 2 / Issue 4 · 72-83
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Abstract
The study aims to examine the effects of oil price and exchange rate on unemployment in Malaysia. The empirical analysis commence by analyzing the time series property of data. The Johansen VAR-based co-integration technique was applied to examine the long run relationship between exchange rate, oil price and unemployment and found the long run relationship does exist. The vector error correction model was performed to check the short run dynamics and found that the short run dynamics are influenced by the estimated long run equilibrium. Granger causality was done and found that oil price does not affect unemployment but exchange rate has an influence on unemployment. Therefore, putting the exchange rate under control should be implemented to control unemployment.
Keywords: {'name': 'Oil Price'}, {'name': 'Exchange Rate'}, {'name': 'Employment'}
Authors & affiliations
Mohd Shahidan Shaari
Affiliation not supplied
Nor Ermawati Hussain
Affiliation not supplied
Hafizah Abdul Rarhim
Affiliation not supplied
Deposited references
Supplied references, not a list of publications citing this article.
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