Manuscript Title:

THE IMPACT OF ECONOMIC GROWTH AND INFLATION FOR THE SOCIOECONOMICS WELL-BEING IN MALAYSIA

Author:

NOORKARTINA MOHAMAD , NORERMAWATI HUSSAIN , RAHAYA MD. JAMIN , NOOR HASLINA MOHAMAD AKHIR

DOI Number:

DOI:10.17605/OSF.IO/FTHXP

Published : 2021-09-23

About the author(s)

1. NOORKARTINA MOHAMAD - Faculty of Business and Management, Islamic College University of Perlis, Kuala Perlis, Malaysia 2. NORERMAWATI HUSSAIN - Faculty of Business, Economics and Social Development, Universiti Malaysia Terengganu, Kuala Nerus, Malaysia 3. RAHAYA MD. JAMIN - Faculty of Business, Economics and Social Development, Universiti Malaysia Terengganu, Kuala Nerus, Malaysia 4. NOOR HASLINA MOHAMAD AKHIR - Faculty of Business, Economics and Social Development, Universiti Malaysia Terengganu, Kuala Nerus, Malaysia

Full Text : PDF

Abstract

The society well-being needs to be given serious attention by various parties due to the current globalization pressures that society must face. They are chasing something without emphasizing aspects of well-being so that some of them are under pressure. Therefore, this study was conducted to see the impact of economic growth and inflation on Malaysia's socioeconomic well-being. This study uses time-series data from 1994 to 2018. Using the Autoregression Distributed Lag (ARDL), the study results found that population and growth have a positive relationship with long-term economic well-being. In contrast, inflation has a negative relationship with the social well-being of the Malaysian population. To ensure the population's socioeconomic well-being is protected, society needs to play an important role such as planning housing, vehicle and entertainment expenses.


Keywords

Society well-being;under pressure; economic growth; inflation;expenses.