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Application Of Garma (1, 1; 1, &) Model To Gdp In Malaysia: An Illustrative Example

Author

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  • Thulasyammal Ramiah Pillai

    (Laboratory of Computational Statistics and Operations Research, Institute for Mathematical Research, Universiti Putra Malaysia and Faculty of Engineering and Computer Technology, AIMST University, Malaysia)

  • Mahendran Shitan

    (Laboratory of Computational Statistics and Operations Research, Institute for Mathematical Research, Universiti Putra Malaysia and Department of Mathematics, Faculty of Science, Universiti Putra Malaysia)

Abstract

Gross Domestic Product (GDP) per capita is often used as an indicator of standard of living in an economy. GDP per capita observed over the years can be modelled using time series models. A new class of GARMA has been introduced in the time series literature to reveal some hidden features in time series data. In this paper, we illustrate the fitting of GARMA (1, 1; 1,) model to the GDP growth data of Malaysia which has been observed from 1955 to 2009. The estimation of the model was done using Hannan-Rissanen Algorithm.

Suggested Citation

  • Thulasyammal Ramiah Pillai & Mahendran Shitan, 2011. "Application Of Garma (1, 1; 1, &) Model To Gdp In Malaysia: An Illustrative Example," Journal of Global Business and Economics, Global Research Agency, vol. 3(1), pages 138-145, July.
    • Handle: RePEc:grg:01biss:v:3:y:2011:i:1:p:138-145
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    More about this item

    Keywords

    Gross Domestic Product; Time series; GARMA (1; 1; 1; &); Hannan-Rissanen Algorithm;
    All these keywords.

    JEL classification:

    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General

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