Since 2014
Macroeconomic Drivers of House Prices in Malaysia
Canadian Social Science
View Archive Info| Field | Value | |
| Title |
Macroeconomic Drivers of House Prices in Malaysia
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| Creator |
Pillaiyan, Shanmuga
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| Subject |
economics
house price, Malaysia, VECM, real GDP, Money Supply, inflation, number residential loan approved, housing bubble MACROECONOMIC, real estate |
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| Description |
This paper investigates the macroeconomic drivers of house prices in Malaysia using VECM, over a fifteen year period. The key macroeconomic factors investigated were real GDP, bank lending rate, Consumer Sentiment, Business Condition, Money Supply, number of loans approved, Stock market (KLSE) and Inflation. The macroeconomic factors found to be significantly related to the Malaysian housing prices were inflation, Stock Market (KLSE), Money Supply (M3) and number of residential loans approved. The results hint at the potential of a housing price bubble as GDP wasn’t identified as a driver of house prices.
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| Publisher |
Canadian Research & Development Center of Sciences and Cultures
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| Contributor |
Professor Bala Ramasamy, Nottingham University Business School
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| Date |
2015-09-26
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article — |
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| Format |
application/pdf
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| Identifier |
http://www.cscanada.net/index.php/css/article/view/7482
10.3968/7482 |
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| Source |
Canadian Social Science; Vol 11, No 9 (2015): Canadian Social Science; 119-130
1923-6697 1712-8056 |
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| Language |
eng
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| Relation |
http://www.cscanada.net/index.php/css/article/view/7482/8077
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| Coverage |
Malaysia, Kuala Lumpur
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| Rights |
Copyright (c) 2015 Canadian Social Science
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