The Impact of Liberalization on House Price in Malaysia

سال انتشار: 1396
نوع سند: مقاله کنفرانسی
زبان: انگلیسی
مشاهده: 309

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شناسه ملی سند علمی:

AAMC12_123

تاریخ نمایه سازی: 22 دی 1396

چکیده مقاله:

When the property liberalization was announced in 2009, Malaysia faced high demand from foreigners. Consequently the price of houses increased significantly. This paper intends to examine the impact of liberalization on house price between the period of 1999 and 2012. By utilizing Johansen Cointegration test, the relationship between liberalization and house price in Malaysia is proceeded with Vector Error Correction Model. The findings show that liberalization has a positive and significant impact on house price, thus warrant monetary policy to be taken cautiously so as not to jeopardize the locals’ need for affordability housing at the expense of foreigners demand

نویسندگان

Ema Izati Zull Kepili

Universiti Sains Malaysia