2023
DOI: 10.1108/ijhma-04-2023-0047
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The long-run impact of remittances on house prices in Kenya

Abstract: Purpose Given the coincidental and sustained rise in house prices and foreign capital flows in Kenya, this study aims to understand whether a long-run relationship exists between real diaspora remittances and real house prices. Design/methodology/approach This study uses data from 2004-Q1 to 2020-Q4 and applies an autoregressive distributed lag model for estimation. Findings The results indicate that a positive and significant relationship exists between real remittances and real house prices in Kenya in t… Show more

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“…The distributed lag model is a single equation regression technique that can incorporate both lags of the dependent variable and other independent variables to estimate the dynamic causal relationships between variables. In recent years, it has been widely applied in fields such as monetary economics [22], housing prices [23], energies [24], air pollution [25], etc. Moreover, it has gained popularity in transportation research for investigating the relationship between transport and socioeconomic variables (see [26], [27], [28], [29], [30]).…”
Section: Introductionmentioning
confidence: 99%
“…The distributed lag model is a single equation regression technique that can incorporate both lags of the dependent variable and other independent variables to estimate the dynamic causal relationships between variables. In recent years, it has been widely applied in fields such as monetary economics [22], housing prices [23], energies [24], air pollution [25], etc. Moreover, it has gained popularity in transportation research for investigating the relationship between transport and socioeconomic variables (see [26], [27], [28], [29], [30]).…”
Section: Introductionmentioning
confidence: 99%