Revisiting the Beveridge Curve: Evidence from Malaysian labour market

Salwaty Jamaludin; Chong Siew Huay; Sharul Shahida Shakrein Safian; Muhammad Ridzuan Abd Aziz

doi:10.21834/e-bpj.v10iSI28.6969

Authors

Salwaty Jamaludin Faculty of Business and Management, UiTM Cawangan Selangor, Kampus Puncak Alam, Selangor, Malaysia
Chong Siew Huay Faculty of Business and Management, UiTM Cawangan Selangor, Kampus Puncak Alam, Selangor, Malaysia
Sharul Shahida Shakrein Safian Faculty of Business and Management, UiTM Cawangan Selangor, Kampus Puncak Alam, Selangor, Malaysia
Muhammad Ridzuan Abd Aziz Faculty of Business and Management, UiTM Cawangan Selangor, Kampus Puncak Alam, Selangor, Malaysia

DOI:

https://doi.org/10.21834/e-bpj.v10iSI28.6969

Keywords:

Beveridge Curve, Unemployment, Vacancy, Labour Market

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.

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