The Relationship between Macroeconomic Variables and Passenger Vehicle Sales in Malaysia

Fidlizan Muhammad (), Mohd Yahya Mohd Hussin (), Azila Abdul Razak (), Norimah Rambeli () and Pei-Tha Gan ()

Business and Economic Research, 2013, vol. 3, issue 2, 115-126

Abstract: This study aims to analyze the long-term relationship and causal relationship between macroeconomic variables and passenger vehicle sales in Malaysia. In this study, the monthly time series data from April; 2004 to December; 2010 is used. To achieve the objectives, the Vector Autoregressive (VAR) estimation method is applied. Results show that there is no significant long-term equilibrium relationship between sales of passenger vehicles with macroeconomic variables. For the short term, only significant IPI variable affects the growth of passenger vehicle sales in Malaysia.

Keywords: Passenger Vehicle Sales; Macroeconomic; VAR (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (5)

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