The Impact of Macroeconomic Factors on the House Prices during Liberalisation
Abstract:The objective of the research is to investigate the impact of macroeconomic variables on the prices of different house types during liberalisation. This research examines the long term relationship between the respective house prices and the macroeconomic variables of interest rate, house supply, and the amount of loan approved. The methods used in this research are the Johansen Cointegration Test and VECM co-integration analysis based on Malaysian data over 1999-2012. The findings suggest that the prices of h… Show more
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