The Determinants of House Prices in Malaysia
نویسندگان
چکیده
This paper studied how house prices were affected by macroeconomic factors from Q1 2009 to Q4 2018. The short and long-run effects of real income, nominal interest rates, inflation rate stock on in Malaysia examined with the autoregressive distributed lag (ARDL) a restricted error correction model (ECM). It was discovered that selected cointegrated prices. Income, represented Gross Domestic Product (GDP), significantly long-run. Inflation rate, proxied Consumer Price Index (CPI) Overnight Policy Rate (OPR), respectively, market, tracked Kuala Lumpur Composite (KLCI), had no significant impact signifying wealth effect. Through findings an inelasticity demand undesirable result monetary policies, this concluded more effective solutions needed be carried out ensure affordability ownership Malaysia.
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ژورنال
عنوان ژورنال: INTERNATIONAL JOURNAL OF MANAGEMENT, FINANCE AND ACCOUNTING
سال: 2021
ISSN: ['2735-1009']
DOI: https://doi.org/10.33093/ijomfa.2021.2.1.1