Food price dynamics in Malaysia

Testing for long memory

Selliah Sivarajasingham, Fazeel M. Jaleel

Research output: Contribution to conferenceAbstract

Abstract

This study examines whether food price inflation in Malaysia is transitory or permanent. Parametric and non-parametric tests are used to examine the memory properties of four price inflation series over the period January 2000 to July 2016. We find that the four inflation series, namely food price inflation, non-food price inflation, general inflation, and global food price inflation all exhibit long memory. The study also shows that food price inflation in Malaysia co-moves with global food price inflation. The findings indicate that food price inflation is not transitory, yet it does in fact show a long memory. The results of this study have important implications for food, trade, and monetary policymakers.
Original languageEnglish
Publication statusPublished - 13 Jul 2018
EventAustralian Conference of Economists (ACE 2018) - Canberra, Australia
Duration: 10 Jul 201813 Jul 2018

Conference

ConferenceAustralian Conference of Economists (ACE 2018)
CountryAustralia
CityCanberra
Period10/07/1813/07/18

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    Sivarajasingham, S., & Jaleel, F. M. (2018). Food price dynamics in Malaysia: Testing for long memory. Abstract from Australian Conference of Economists (ACE 2018), Canberra, Australia.