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The impact of house price index and household debt on economic growth in OECD Countries / Noorhafifah Shamsul Ariffin

The increase in house price index and household debts in OECD countries which has escalated is deemed to be at worrying stage as it may in turn trigger another financial crisis. Thus, the aim of this study is to identify the correlation between house price index and the economic growth. The study al...

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Main Author: Shamsul Ariffin, Noorhafifah
Format: Student Project
Language:English
Published: 2019
Subjects:
Economics
Consumers. Consumer demand. Consumption
Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product
Online Access:http://ir.uitm.edu.my/id/eprint/41106/1/41106.pdf
http://ir.uitm.edu.my/id/eprint/41106/
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spelling my.uitm.ir.411062021-02-03T04:15:59Z http://ir.uitm.edu.my/id/eprint/41106/ The impact of house price index and household debt on economic growth in OECD Countries / Noorhafifah Shamsul Ariffin Shamsul Ariffin, Noorhafifah Economics Consumers. Consumer demand. Consumption Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product The increase in house price index and household debts in OECD countries which has escalated is deemed to be at worrying stage as it may in turn trigger another financial crisis. Thus, the aim of this study is to identify the correlation between house price index and the economic growth. The study also investigates the effect of household debt on economic growth and to determine which factor contributes to the economic growth in OECD countries via panel data techniques. Data collected from World Bank Data and OECD website from 2007 to 2017 by using OECD countries as sample. The estimation results show that there is a significant relationship between GDP per capita with house prices index, household debt, and inflation. While the rest indicators such as population and interest rate are not significant on economic growth in OECD countries., Furthermore, the policy maker should take an initiative to control the property price in order to mitigate any bubble in asset price. It is also recommended to adding more reliable independent variables for example household income, household consumption, and interest rate on housing loan, so that the future researcher can secure a better outcome. 2019-06 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/41106/1/41106.pdf Shamsul Ariffin, Noorhafifah (2019) The impact of house price index and household debt on economic growth in OECD Countries / Noorhafifah Shamsul Ariffin. [Student Project] (Unpublished)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Economics
Consumers. Consumer demand. Consumption
Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product
spellingShingle Economics
Consumers. Consumer demand. Consumption
Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product
Shamsul Ariffin, Noorhafifah
The impact of house price index and household debt on economic growth in OECD Countries / Noorhafifah Shamsul Ariffin
description The increase in house price index and household debts in OECD countries which has escalated is deemed to be at worrying stage as it may in turn trigger another financial crisis. Thus, the aim of this study is to identify the correlation between house price index and the economic growth. The study also investigates the effect of household debt on economic growth and to determine which factor contributes to the economic growth in OECD countries via panel data techniques. Data collected from World Bank Data and OECD website from 2007 to 2017 by using OECD countries as sample. The estimation results show that there is a significant relationship between GDP per capita with house prices index, household debt, and inflation. While the rest indicators such as population and interest rate are not significant on economic growth in OECD countries., Furthermore, the policy maker should take an initiative to control the property price in order to mitigate any bubble in asset price. It is also recommended to adding more reliable independent variables for example household income, household consumption, and interest rate on housing loan, so that the future researcher can secure a better outcome.
format Student Project
author Shamsul Ariffin, Noorhafifah
author_facet Shamsul Ariffin, Noorhafifah
author_sort Shamsul Ariffin, Noorhafifah
title The impact of house price index and household debt on economic growth in OECD Countries / Noorhafifah Shamsul Ariffin
title_short The impact of house price index and household debt on economic growth in OECD Countries / Noorhafifah Shamsul Ariffin
title_full The impact of house price index and household debt on economic growth in OECD Countries / Noorhafifah Shamsul Ariffin
title_fullStr The impact of house price index and household debt on economic growth in OECD Countries / Noorhafifah Shamsul Ariffin
title_full_unstemmed The impact of house price index and household debt on economic growth in OECD Countries / Noorhafifah Shamsul Ariffin
title_sort impact of house price index and household debt on economic growth in oecd countries / noorhafifah shamsul ariffin
publishDate 2019
url http://ir.uitm.edu.my/id/eprint/41106/1/41106.pdf
http://ir.uitm.edu.my/id/eprint/41106/
_version_ 1691735763119505408
score 13.211869

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