Furuoka, Fumitaka and Pui, Kiew Ling and Chomar, Ma Tin and Nikitina, Larisa (2021) Is the Phillips curve disappearing? Evidence from a new test procedure. Applied Economics Letters, 28 (6). pp. 493-500. ISSN 1350-4851, DOI https://doi.org/10.1080/13504851.2020.1761528.
Full text not available from this repository.Abstract
This paper proposes a four-step procedure to examine a disappearance of the Phillips curve. The procedure involves estimating an initial value, computing a potential output using the state-space model, calculating a static slope coefficient of the Phillips curve and estimating a time-varying slope coefficient. This analytical sequence was employed to examine data from ASEAN countries. The findings indicated a trend of a disappearing Phillips curve in the region.
| Item Type: | Article |
|---|---|
| Funders: | Tun Ismail Ali Chair (TIACRG2018.23) |
| Uncontrolled Keywords: | Phillips curve; Rolling window method; State-space model; ASEAN |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HF Commerce > Business |
| Divisions: | Deputy Vice Chancellor (Academic & International) Office > Asia-Europe Institute |
| Depositing User: | Ms. Juhaida Abd Rahim |
| Date Deposited: | 17 Mar 2022 08:22 |
| Last Modified: | 17 Mar 2022 08:22 |
| URI: | http://eprints.um.edu.my/id/eprint/26556 |
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