Determinants of inflation rate fluctuations in five ASEAN nations

Norliza Che Yahya and Bushra Mohd Zaki and Siti Nur Aqilah Ab Wahab and Muhammad Hazdaniel Bin Roslan and Fauziana Bt Fauzi Mat Rawi (2024) Determinants of inflation rate fluctuations in five ASEAN nations. Information Management and Business Review, 16 (3s). pp. 1-14. ISSN 2220-3796

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Abstract

This paper examines the key relationships between independent variables and inflation fluctuations in the ASEAN-5 countries, which include Malaysia, Indonesia, Singapore, Thailand, and the Philippines. Using annual data from 2001 to 2020, a static panel data regression model is employed. The empirical results reveal that at least two independent variables significantly impact inflation rates in these five ASEAN nations. Specifically, the unemployment rate has a significant negative correlation with inflation fluctuations, while economic growth shows a significant positive correlation. Overall, this study provides valuable insights into how exchange rate determinants influence inflation fluctuations, highlighting the importance of balanced policies to address the interactions between unemployment, economic growth, and inflation.

Item Type:	Article
Keyword:	Inflation Fluctuations, ASEAN-5 Countries, Unemployment Rate, Economic Growth, Exchange Rate Determinants
Subjects:	H Social Sciences > HB Economic theory. Demography > HB1-3840 Economic theory. Demography H Social Sciences > HD Industries. Land use. Labor > HD28-9999 Industries. Land use. Labor > HD72-88 Economic growth, development, planning
Department:	FACULTY > Labuan Faculty of International Finance
Depositing User:	ABDULLAH BIN SABUDIN -
Date Deposited:	16 Apr 2025 10:35
Last Modified:	16 Apr 2025 10:35
URI:	https://eprints.ums.edu.my/id/eprint/43512

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