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  • 标题:Forecasting on the long-term sustainability of the employees provident fund in Malaysia via the Box-Jenkins’ ARIMA model
  • 作者:Sallahuddin Hassan ; Zalila Othman
  • 期刊名称:Business and Economic Horizons
  • 印刷版ISSN:1804-1205
  • 电子版ISSN:1804-5006
  • 出版年度:2018
  • 卷号:14
  • 期号:1
  • 页码:43-53
  • DOI:10.15208/beh.2018.4
  • 出版社:Prague Development Center
  • 摘要:This study employs the use of Box-Jenkins’ ARIMA (1,1,0) model for the estimation and forecasts based on the annual data of EPF balances, which serve as a proxy to EPF sustainability, together with the yearly data of possible determinants namely investment earnings, nominal income, elderly population, life expectancy and mortality rate in Malaysia for the 1960 – 2010 and 2010 - 2014 periods, respectively. Amid a negative sentiment and conceivably bleak outlook on the long term EPF inadequacy to provide adequate incomes to elderly persons, the prognosis of this study instead reveals otherwise and is found to be in support for the long term prospect and sustainability of the EPF. With necessary improvements are underway to strengthen the performance of the administered EPF system, it is likely to believe that the EPF organization is committed to promoting its product as a more inclusive and equitable scheme in Malaysia.
  • 关键词:ARIMA model; EPF; forecasting; long-term sustainability
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