Quantitative assessment of unemployment among youths in Malaysia
Document Type
Article
Publication Date
1-1-2022
Abstract
The youth unemployment rate is three times greater than the total unemployment rate in Malaysia, also it is moving more fluctuated and growing every year after a significant rise in 2015. Hence this study aims to determine the relationship between the influential factors and the youth unemployment rate and to examine which factors can serve as future indicators of youth unemployment rate in Malaysia. The annual basis of secondary data from 1992 to 2019 and the analysis methods are used Pearson correlation and multiple linear regression. The correlation results show that inflation rate, trade openness and urbanization are negatively correlated with youth unemployment rate, while Foreign Direct Investment (FDI), migration and exchange rate are positively correlated. Also, the regression results indicate only four factors which are FDI, trade openness, exchange rate, and urbanization are significant to the youth unemployment rate. Thus, they can serve as the future indicators of youth unemployment rate in Malaysia. More specifically, FDI and exchange rate are positively significant correlated with youth unemployment rate, whereas trade openness and urbanization are negatively significant related with youth unemployment rate. © Malaysian Journal of Fundamental and Applied Sciences. All rights reserved.
Keywords
Multiple linear regression., Pearson correlation, Unemployment rate
Divisions
MathematicalSciences
Funders
None
Publication Title
Malaysian Journal of Fundamental and Applied Sciences
Volume
18
Issue
5
Publisher
Penerbit UTM Press