"Phillips Curve" in selected ASEAN countries : new evidence from panel data analysis

Furuoka, Fumitaka and Munir, Qaiser (2009) "Phillips Curve" in selected ASEAN countries : new evidence from panel data analysis. Sunway Academic Journal, 6. pp. 89-102.

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Abstract

This paper uses panel data analysis to analyse the relationship between the unemployment rate and the inflation rate in five ASEAN countries (i.e. Malaysia, Singapore, Indonesia, Thailand and the Philippines). Since the trade-off relationship between employment and wage inflation rate in the United Kingdom was pointed out by William Phillips in 1958, this hypothesis of the ?Phillips Curve? remains an important foundation for macroeconomics. The main findings from the panel data analysis are that there is no trade-off relationship between the unemployment rate and the inflation rate in these ASEAN countries

Item Type: Article
Additional Information: Both authors are affiliated with Universiti Malaysia Sabah.
Uncontrolled Keywords: unemployment; inflation; ASEAN; panel data analysis
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
Divisions: Others > Non Sunway Academics
Depositing User: Administrator Admin
Date Deposited: 15 Oct 2012 09:17
Last Modified: 15 Oct 2012 09:17
URI: http://eprints.sunway.edu.my/id/eprint/65

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