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Revisiting the Beveridge Curve: Evidence from Malaysian labour market

Year: 2025

Type: article

Abstract: Examining the Beveridge curve (BC), which depicts the nexus between unemployment and vacancy rates, has received more attention as a central organizing framework for economists to understand the labour markets. This study employs the Autoregressive Distributed Lag (ARDL) method to analyze the unemployment-vacancy rates in the Malaysian labour market from 1994 to 2023. Analysis reveals that vacancy rates and economics growth affect the unemployment rate. Furthermore, there is a negative correlation between the unemployment rate and the vacancy rate, confirming the Beveridge curve's pattern.

Source: Environment-Behaviour Proceedings Journal

DOI: 10.21834/e-bpj.v10isi28.6969

Authors: Salwaty Jamaludin, Chong Siew Huay, Sharul Shahida Shakrein Safian, Muhammad Ridzuan Abd Aziz

Institutions: Universiti Teknologi MARA System, Universiti Teknologi MARA

Language: English

Topic: Unemployment and Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4411266568

FWCI: 0.947

Cites: 13

Cited by: 1

Related to: 10