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April 21, 2026International Journal of Academic Research in Business and Social SciencesOpen Access

The Nexus between Standard of Living with Macroeconomics Variables in Malaysia: Pre-Pandemic Case Study

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Authors

DRDayang Hummida Abang Abdul RahmanJSJacquline Teresa Anak SulangSKSiti Faridah Kamaruddin

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Overview

Analysis examines the relationship between macroeconomic variables and standard of living in Malaysia, revealing significant tax effects.

Key Points

  • The aim is to explore how selected macroeconomic variables influence the standard of living in Malaysia before the COVID-19 pandemic.
  • Analyzed time series data from 1976 to 2020
  • Employed multiple linear regression, unit root tests, and Granger causality analysis
  • Investigated the impact of GDP, unemployment, taxation, household consumption, and population growth
  • Taxes significantly impact the standard of living, linked to cost of living changes
  • GDP, population, unemployment, and household consumption show no significant long-term effects
  • Variable relationships primarily occur in the short term

Cite This Study

Rahman et al. (2026) studied this question.

synapsesocial.com/papers/69e7138bcb99343efc98d145https://doi.org/10.6007/ijarbss/v16-i4/28003
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Also Consider

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  1. 1Household Financial Strain in Malaysia: Investigating the Drivers of Elevated Cost of Living2025
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  5. 5The Effect of Inflation and Interest Rate on Consumer Spending: Empirical Evidence from Malaysia2024 · 1 citations