Law, Chee-Hong and Lim, Ghee-Thean (2016) The relationship between Malaysia’s residential property price index and residential properties loan supply. In: Proceedings of Second International Conference on Contemporary Economic Issues. Universiti Sains Malaysia, Bali, Indonesia, pp. 31-38. ISBN 978-967-11473-6-8
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Abstract
This paper aims to examine the linkages between residential properties prices and residential properties loans in Malaysia from 1999 to 2015, in addition to income level and the impact of the economic crisis. Even though residential properties are a basic necessity, there is no previous study that attempts to estimate the long-run and short-run relationship between loans and price level in residential properties in Malaysia. It is believed that property price level moves in the same direction as loan supply. The estimations are divided into two parts: the detection of long run relationships and the estimation the long-run and short-run elasticities from an ARDL model. The results support the hypothesis that the loan supply has a positive impact on the residential price levels; the robustness test also supports this conclusion. This implies the importance of closely monitoring the housing loan activities of banks to control residential property prices.
| Item Type: | Book Section |
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| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Divisions: | Koleksi Penganjuran Persidangan (Conference Collection) > International Conference on Contemporary Economic Issues (ICCEI) Pusat Pengajian Sains Kemasyarakatan (School of Social Sciences) > International Conference on Contemporary Economic Issues (ICCEI) Pusat Pengajian Sains Kemasyarakatan (School of Social Sciences) > Book Section/Chapter |
| Depositing User: | Administrator Automasi |
| Date Deposited: | 02 Aug 2022 07:19 |
| Last Modified: | 02 Aug 2022 07:19 |
| URI: | http://eprints.usm.my/id/eprint/53777 |
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