Pengaruh kestabilan ekonomi, aliran FDI dan globalisasi terhadap trend pengangguran ASEAN-3 (Impact of economic stability, foreign direct investment flows and globalization towards unemployment trend of ASEAN-3)
Unemployment is one of the major challenges faced by most developing countries, especially in ASEAN. This study investigates the existence of long-run and short-run relationship between unemployment and economic stability, foreign direct investment; and economic openess. This study uses annual ti...
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Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
2015
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Subjects: | |
Online Access: | http://eprints.unisza.edu.my/5096/1/FH02-FEMS-16-05499.pdf http://eprints.unisza.edu.my/5096/ |
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Summary: | Unemployment is one of the major challenges faced by most developing countries,
especially in ASEAN. This study investigates the existence of long-run and short-run
relationship between unemployment and economic stability, foreign direct investment; and
economic openess. This study uses annual time series data covering the period of 1980-
2012 and employs Autoregressive Distributed Lag (ARDL) and Bayer-Hancks Combine
Cointegration Test to determine the cointegration linkages between those variables. The
empirical results show that economic openess have a cointegration relationship with
unemployment for Malaysia, Thailand and Indonesia both in the long-run and short-run.
While, the economic stability only responds to unemployment in the long-run and and
short-run for Malaysia and Thailand. On the other hand, imbalance in the flows of the
foreign direct investment only affects Malaysia’s unemployment. The overall findings of
this study is able to guide policymakers to take into account the unemployment
fluctuations faced by ASEAN-3 and establish policies to realise ASEAN Community in
2015. |
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