The Impact of Liberalization on House Price in Malaysia
Publish place: دوازدهمین کنفرانس بینالمللی آکادمی مدیریت آسیا
Publish Year: 1396
نوع سند: مقاله کنفرانسی
زبان: English
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شناسه ملی سند علمی:
AAMC12_123
تاریخ نمایه سازی: 22 دی 1396
Abstract:
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
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Authors
Ema Izati Zull Kepili
Universiti Sains Malaysia