期刊名称：Asian Journal of Business and Management Sciences
电子版ISSN：2047-2528
出版年度：2012
卷号：1
期号：01
页码：100-108
出版社：Society for Business Research Promotion
摘要：The “evil” macroeconomic variables known as inflation and unemployment become the most important issue nowadays as they are capable of ruining the economy of a country. This study attempts to examine the trade-off relationship between these two variables using three robust methods; ARDL bounds testing to cointegration, ECM based ARDL and Toda-Yamamoto techniques for the period of 1975-2007 in Malaysia. Not only does the study show the existence of the long-run cointegration between inflation and unemployment, but there is unidirectional causal relationship running from inflation to unemployment indicating that inflation influenced unemployment. This study eventually reveals the evidence of the inflation-unemployment trade-off relationship in Malaysia. Keywords: Inflation, Unemployment, Trade-Off, ARDL, Toda-Yamamoto, Malaysia Full Text
