Influence of COVID-19's active cases on Malaysia's key economic performance indicators / Abd Hadi Mustaffa …[et al.]

Mustaffa, Abd Hadi and Zainal Abidin, Nur Balqishanis and Ahmad, Noryati and Ogundare, Emmanuel Abiodun (2021) Influence of COVID-19's active cases on Malaysia's key economic performance indicators / Abd Hadi Mustaffa …[et al.]. Journal of Emerging Economies & Islamic Research, 9 (1). pp. 68-87. ISSN (e-ISSN): 2289-2559

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Abstract

The COVID-19 outbreak was a rare and unprecedented phenomenon. Hence, the pandemic forces the world economy to react unpredictably. Governments worldwide have undertaken several precautions, including social distance measures, public awareness programs, policies on testing and quarantine, and financial aid packages. Using endogenous growth theory, this paper examines the impact of COVID-19 towards Malaysia key economic indicator's performance using univariate regression analysis based on daily time series data from 1 January 2020 to 30 September 2020. Besides, this paper is also forecasting the upcoming three months of Malaysia's key economic indicator performance from October to December 2020, by using linear trend forecasting model. The results indicate that COVID-19 significantly impacted the unemployment rate, gross domestic product (GDP), consumer price index (CPI), foreign exchange rate (FOREX), and stock market index performance in Malaysia. The results of projecting the upcoming three months trends were forecasted to increase unemployment, GDP, FOREX, and stock market index performance. Instead, the CPI is expected to decrease. Furthermore, this paper provides four contributions in the later section.

Metadata

Item Type: Article
Creators:
Creators
Email
Mustaffa, Abd Hadi
Hadi@ftms.edu.my
Zainal Abidin, Nur Balqishanis
UNSPECIFIED
Ahmad, Noryati
UNSPECIFIED
Ogundare, Emmanuel Abiodun
UNSPECIFIED
Subjects: H Social Sciences > HA Statistics > Statistical data
H Social Sciences > HB Economic Theory. Demography > Relation to philosophy, religion, ethics
H Social Sciences > HB Economic Theory. Demography > Demography. Population. Vital events
Divisions: Universiti Teknologi MARA, Shah Alam > Faculty of Business and Management
Journal or Publication Title: Journal of Emerging Economies & Islamic Research
UiTM Journal Collections: UiTM Journal > Journal of Emerging Economies and Islamic Research (JEEIR)
ISSN: (e-ISSN): 2289-2559
Volume: 9
Number: 1
Page Range: pp. 68-87
Item ID: 47445
Uncontrolled Keywords: COVID-19, Unemployment, GDP
URI: https://ir.uitm.edu.my/id/eprint/47445

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47445

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