Testing for farmer stock market-unemployment hypothesis during the COVID-19 pandemic in Malaysia

• Main Authors: Muzafar Shah, Habibullah, Mohd Yusof, Saari, Evan, Lau, Badariah, Haji Din, Anuar Shah, Bali Mahomed
• Format: Article
• Language: English
• Published: Inderscience Enterprises Ltd. 2023
• Subjects: HB Economic Theory; HJ Public Finance
• Online Access: http://ir.unimas.my/id/eprint/44371/3/Testing%20for.pdf; http://ir.unimas.my/id/eprint/44371/; https://www.inderscienceonline.com/doi/abs/10.1504/IJEPEE.2023.129787; https://doi.org/10.1504/IJEPEE.2023.129787 PDF

Farmer hypothesised that there is a linear long-run relationship between the movement of the stock market and movement in the unemployment rate, and there is a unidirectional causality running from stock market to unemployment rate. In this study we test the Farmer hypothesis by using Malaysia’s dai...