How far does the stock market performance influence Malaysia’s consumers purchasing power?
This study examined the asymmetric effect of stock market index performance on the external competitiveness of purchasing power for Malaysia covering the period of 1996–2019 utilizing the Ender and Siklos (2001) and the threshold vector error correction model (TVECM) approaches. The empirical findin...
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2022
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Online Access: | http://eprints.utm.my/id/eprint/102710/1/NanthakumarLoganathan2022_HowFarDoestheStockMarket.pdf http://eprints.utm.my/id/eprint/102710/ http://dx.doi.org/10.34044/j.kjss.2022.43.4.22 |
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my.utm.1027102023-09-18T04:10:53Z http://eprints.utm.my/id/eprint/102710/ How far does the stock market performance influence Malaysia’s consumers purchasing power? Abu Bakar, Mohd. Jaffri Loganathan, Nanthakumar Mursitama, Tirta Nugraha Hassan, Asan Ali Golam H Social Sciences (General) This study examined the asymmetric effect of stock market index performance on the external competitiveness of purchasing power for Malaysia covering the period of 1996–2019 utilizing the Ender and Siklos (2001) and the threshold vector error correction model (TVECM) approaches. The empirical findings confirmed an existing of asymmetric effect between stock market index and the external competitiveness purchasing power in Malaysia cases. There is evidence of negative relationship between both series with a bidirectional asymmetric causality relationship. Therefore, policymakers should give more attention of stock market performance to strengthen the current and future monetary policies related to consumer’s purchasing power agenda in Malaysia and consider the current global economic uncertainty caused by the COVID-19 pandemic worldwide. Kasetsart University 2022 Article PeerReviewed application/pdf en http://eprints.utm.my/id/eprint/102710/1/NanthakumarLoganathan2022_HowFarDoestheStockMarket.pdf Abu Bakar, Mohd. Jaffri and Loganathan, Nanthakumar and Mursitama, Tirta Nugraha and Hassan, Asan Ali Golam (2022) How far does the stock market performance influence Malaysia’s consumers purchasing power? Kasetsart Journal of Social Sciences, 43 (4). pp. 983-990. ISSN 2452-3151 http://dx.doi.org/10.34044/j.kjss.2022.43.4.22 DOI:10.34044/j.kjss.2022.43.4.22 |
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H Social Sciences (General) Abu Bakar, Mohd. Jaffri Loganathan, Nanthakumar Mursitama, Tirta Nugraha Hassan, Asan Ali Golam How far does the stock market performance influence Malaysia’s consumers purchasing power? |
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This study examined the asymmetric effect of stock market index performance on the external competitiveness of purchasing power for Malaysia covering the period of 1996–2019 utilizing the Ender and Siklos (2001) and the threshold vector error correction model (TVECM) approaches. The empirical findings confirmed an existing of asymmetric effect between stock market index and the external competitiveness purchasing power in Malaysia cases. There is evidence of negative relationship between both series with a bidirectional asymmetric causality relationship. Therefore, policymakers should give more attention of stock market performance to strengthen the current and future monetary policies related to consumer’s purchasing power agenda in Malaysia and consider the current global economic uncertainty caused by the COVID-19 pandemic worldwide. |
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Article |
author |
Abu Bakar, Mohd. Jaffri Loganathan, Nanthakumar Mursitama, Tirta Nugraha Hassan, Asan Ali Golam |
author_facet |
Abu Bakar, Mohd. Jaffri Loganathan, Nanthakumar Mursitama, Tirta Nugraha Hassan, Asan Ali Golam |
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Abu Bakar, Mohd. Jaffri |
title |
How far does the stock market performance influence Malaysia’s consumers purchasing power? |
title_short |
How far does the stock market performance influence Malaysia’s consumers purchasing power? |
title_full |
How far does the stock market performance influence Malaysia’s consumers purchasing power? |
title_fullStr |
How far does the stock market performance influence Malaysia’s consumers purchasing power? |
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How far does the stock market performance influence Malaysia’s consumers purchasing power? |
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how far does the stock market performance influence malaysia’s consumers purchasing power? |
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Kasetsart University |
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2022 |
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http://eprints.utm.my/id/eprint/102710/1/NanthakumarLoganathan2022_HowFarDoestheStockMarket.pdf http://eprints.utm.my/id/eprint/102710/ http://dx.doi.org/10.34044/j.kjss.2022.43.4.22 |
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