A Relationship among Interest Rate, Inflation, Population and House Price Index

نویسندگان

چکیده

The Financial Stability Review Second Half 2021 of Bank Negara Malaysia’s (BNM) has reported that the number unsold houses in Malaysia remained elevated at 180,702 units third quarter (Q3’21). This attracted researcher to explore more on House Price Index (HPI) Malaysia. HPI measures volatility prices residential housing over time. objective this study is identify whether there a relationship among interest rate, inflation population, and house price index by using STATA software. annual time series data spanning from 2003 used achieve research. analysis such times was made through Johansen Test it discovered all explanatory variables were related long run; which negatively rate population. However, when Granger Causality applied same data, found be affected both inflation. Population, other hand, does not influence short run dynamics. Therefore, concluded most are significant determining HPI. It recommended independent as real GDP per capita, domestic credit, construction costs land supply can should added for future studies .

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ژورنال

عنوان ژورنال: Journal of Advanced Research in Business and Management Studies

سال: 2023

ISSN: ['2462-1935']

DOI: https://doi.org/10.37934/arbms.29.1.919