Revisiting the Beveridge Curve: Evidence from Malaysian labour market

Examining the Beveridge curve (BC), which depicts the nexus between unemployment and vacancy rates, has received more attention as a central organizing framework for economists to understand the labour markets. This study employs the Autoregressive Distributed Lag (ARDL) method to analyze the unemployment-vacancy rates in the Malaysian labour market from 1994 to 2023. Analysis reveals that vacancy rates and economics growth affect the unemployment rate. Furthermore, there is a negative correlation between the unemployment rate and the vacancy rate, confirming the Beveridge curve's pattern.