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The Determinants of Consumer Price Index in Malaysia.

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The objectives of macroeconomic policy are to ensure the stability of economic growth. The most well known and widely quoted economic indicator isthe CPI (Consumer Price Index). Generally, it represents a measurement of our expenses on goods and services we use to meet our day-to-day needs. Severe problems to the overall economy can be caused if the prices of consumer goods and services are abruptly changed. The present studi aims to amalyze the variabels that influence the Consumer Price Index. In order to achieve the objective, we used Co-integration an Vector Error Correction approachhed. We observer six variables,namely, Gross Domestic Product, Money Supply, Export, Import (in Goods and Services), Exchange Rate and Lending Rate. By utilizing quaterly data from 2000 to 2010, This Study applies these methods to find the best model and factors which can explain Consumer Price Index in Malaysia. The Result indicates that in the long run, consumer price index has found to be positively influenced by gross domestic product, money supply, import, exchange rate and lending rate, whreas export is negatively influenced by gross domestic product, money supply, import, exchange rate and lending rate, whereas export is negatively affecting consumer price index. Long run elasticity of Price Level with respect to gross domestic rate are 0.97; 0.22; -1.21; 0.82; 0.63; 0.00002019 respectively. This study also finds that in short run, exchange rate oflast year (2009) are found negatively related to CPI. Improvement in gross domestic product and money supply should be in the optimal level so that price level should be stable.

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Ketersediaan

PEN 19/016

Referensi

Tersedia

Informasi Detail

Judul Seri

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No. Panggil

PEN 19/016

Penerbit

Jakarta : Universitas Trilogi., 2018

Deskripsi Fisik

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Bahasa

English

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Klasifikasi

NONE

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