Employment and Macroeconomic Variables: Evidence from Malaysia, Philippines and Singapore

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internalnotes Boltho, Andrea, and Andrew G. (1995). Can macroeconomic policies-raise employment? International Labor Review. 134, 451-470 Department of Statistics, Malaysia. Dickey, D. A. and Fuller, W.A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of American Statistical Association, 74, 151-165 Eagle, R.F. and Granger C.W.J. (1987). Cointegration and error correction: representation, estimation and testing. Econometrica, 55(2), 251-276 Fofana, N. F. (2001). Employment and economic growth in the Cote D’ Ivoire. African Development Bank, 98-113 Granger, C. W. J (1986). Testing for causality – A personal view point. Journal of Economic Dynamics and Control, 2, 329-352 International Labor Organization, World Employment Report, 2000, 1998,1996 Johansen, S. and. Juselius K (1990). Maximum likelihood estimation and inference on cointegration with application to demand for money. Oxford Bulletin of Economics and Statistics, 52, 169-210 Johansen, S. (1991). Estimation and hypothesis testing of cointegration vectors in Gaussian Vector Autoregressive Models. Ecometrica, 59, 1551-1580 Ministry of Finance. Economic Report. Various Issues. Masih, A,M,M and Masih, R. (1997). Dynamic lingkage and the propagation mechanism driving major international stock market. Quartely Review of Economics and Finance. l 37, 859-85. Padalino, S. and M. Vivarelli (1997). The employment intensity of economic growth in the G-7 Countries. International Labour Review, 136 (2), 1921-213. Pietro G., Mauro P. (2002). Employment growth: Accounting for the facts. Economic Policy (April 2002). Saget, C. (2003). Can the level of employment be explained by GDP growth in transition countries? (Theory versus quality of data. Fondazione Giacomo Brodlini and Blackwell Publishing Ltd, 623-643 Toda, H.Y, Phillips, P.C.B. (1993) Vector Autoregressions and Causality. Econometrica, 61(6), 1367-1393 Walterskirchen, E. (1999). The relationship between growth, employment and unemployment in the EU. European Economist for an Alternative, Economic Policy Workshop Barcelona, Spain. Wawn, B. (1982). The Economies of the Asean Countries: Indonesia, Malaysia, Philippines, Singapore and Thailand. The Macmillan Press Ltd. William S. (2001). Examining the relationship between employment and economic growth in the ten largest state. Southwestern Economic Review, 13-23
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spelling 7580 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=7580 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Article Journal application/pdf 10 1.6 Adobe Acrobat Pro DC 20 Paper Capture Plug-in administrator Administrator 2011-07-26 10:41:34 3147-01-FH02-FESP-18-14903.pdf UniSZA Private Access Employment and Macroeconomic Variables: Evidence from Malaysia, Philippines and Singapore International Journal of Economics and Finance This study examines the meaningful relationship between employment and macroeconomic variables such as domestic capital, gross domestic product and government expenditure in three major ASEAN economies, namely Malaysia, Singapore and Philippines. Johansen (1991) cointegration method coupled with VECM (vector-error-correction model) testing procedure is employed to analyze the impact of the selected variables. The period of interest is 1970-2005 using annual data. The empirical results demonstrate mixed results whereby though cointegration could be detected for all three countries; in the case of Malaysia, the causality that could be detected are, capital granger causes employment and employment granger causes government expenditure, as for Singapore, trade granger causes capital and lastly for the case of Philippines, both income and trade granger causes government expenditure. 3 3 139-148 Boltho, Andrea, and Andrew G. (1995). Can macroeconomic policies-raise employment? International Labor Review. 134, 451-470 Department of Statistics, Malaysia. Dickey, D. A. and Fuller, W.A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of American Statistical Association, 74, 151-165 Eagle, R.F. and Granger C.W.J. (1987). Cointegration and error correction: representation, estimation and testing. Econometrica, 55(2), 251-276 Fofana, N. F. (2001). Employment and economic growth in the Cote D’ Ivoire. African Development Bank, 98-113 Granger, C. W. J (1986). Testing for causality – A personal view point. Journal of Economic Dynamics and Control, 2, 329-352 International Labor Organization, World Employment Report, 2000, 1998,1996 Johansen, S. and. Juselius K (1990). Maximum likelihood estimation and inference on cointegration with application to demand for money. Oxford Bulletin of Economics and Statistics, 52, 169-210 Johansen, S. (1991). Estimation and hypothesis testing of cointegration vectors in Gaussian Vector Autoregressive Models. Ecometrica, 59, 1551-1580 Ministry of Finance. Economic Report. Various Issues. Masih, A,M,M and Masih, R. (1997). Dynamic lingkage and the propagation mechanism driving major international stock market. Quartely Review of Economics and Finance. l 37, 859-85. Padalino, S. and M. Vivarelli (1997). The employment intensity of economic growth in the G-7 Countries. International Labour Review, 136 (2), 1921-213. Pietro G., Mauro P. (2002). Employment growth: Accounting for the facts. Economic Policy (April 2002). Saget, C. (2003). Can the level of employment be explained by GDP growth in transition countries? (Theory versus quality of data. Fondazione Giacomo Brodlini and Blackwell Publishing Ltd, 623-643 Toda, H.Y, Phillips, P.C.B. (1993) Vector Autoregressions and Causality. Econometrica, 61(6), 1367-1393 Walterskirchen, E. (1999). The relationship between growth, employment and unemployment in the EU. European Economist for an Alternative, Economic Policy Workshop Barcelona, Spain. Wawn, B. (1982). The Economies of the Asean Countries: Indonesia, Malaysia, Philippines, Singapore and Thailand. The Macmillan Press Ltd. William S. (2001). Examining the relationship between employment and economic growth in the ten largest state. Southwestern Economic Review, 13-23
spellingShingle Employment and Macroeconomic Variables: Evidence from Malaysia, Philippines and Singapore
summary This study examines the meaningful relationship between employment and macroeconomic variables such as domestic capital, gross domestic product and government expenditure in three major ASEAN economies, namely Malaysia, Singapore and Philippines. Johansen (1991) cointegration method coupled with VECM (vector-error-correction model) testing procedure is employed to analyze the impact of the selected variables. The period of interest is 1970-2005 using annual data. The empirical results demonstrate mixed results whereby though cointegration could be detected for all three countries; in the case of Malaysia, the causality that could be detected are, capital granger causes employment and employment granger causes government expenditure, as for Singapore, trade granger causes capital and lastly for the case of Philippines, both income and trade granger causes government expenditure.
title Employment and Macroeconomic Variables: Evidence from Malaysia, Philippines and Singapore
title_full Employment and Macroeconomic Variables: Evidence from Malaysia, Philippines and Singapore
title_fullStr Employment and Macroeconomic Variables: Evidence from Malaysia, Philippines and Singapore
title_full_unstemmed Employment and Macroeconomic Variables: Evidence from Malaysia, Philippines and Singapore
title_short Employment and Macroeconomic Variables: Evidence from Malaysia, Philippines and Singapore
title_sort employment and macroeconomic variables: evidence from malaysia, philippines and singapore