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Malaysia’s macro-financial strategy in reducing property wealth disparity and increasing property ownership affordability – who benefits more?

The relationship of a country’s macro-financial strategy against property-based relative wealth (pbrW) disparity and property ownership affordability (poA) has not been analyzed before. These are perennial issues of any country since POA influences the level of pbrW disparity among the people. This...

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Main Authors: Abdul Hamid Mar Iman, Christopher Gan
Format: Non-Indexed Article
Published: 2014
Online Access:http://discol.umk.edu.my/id/eprint/8064/
http://econ.upm.edu.my/ijem/vol8no1/bab13.pdf
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id my.umk.eprints.8064
record_format eprints
spelling my.umk.eprints.80642022-05-23T10:25:06Z http://discol.umk.edu.my/id/eprint/8064/ Malaysia’s macro-financial strategy in reducing property wealth disparity and increasing property ownership affordability – who benefits more? Abdul Hamid Mar Iman Christopher Gan The relationship of a country’s macro-financial strategy against property-based relative wealth (pbrW) disparity and property ownership affordability (poA) has not been analyzed before. These are perennial issues of any country since POA influences the level of pbrW disparity among the people. This paper addresses two issues. First, whether POA influences PBRW disparity or PBRW disparity influences POA or whether both have a bi-directional relationship. Second, whether the macro-financial strategy has any effect on PBRW disparity of the citizens. We used a sample of 36,349 individual market transactions of (mainly) residential and commercial properties over a 30-year period from 1982 to 2012. the study uses a vector autoregression to investigate the above issues. the result revealed that Malaysia’s macro-financial strategy has had different effects on PBRW disparity and property ownership affordability of the Malaysian main ethnics group (Malays). It benefited the non-Malays more than the Malays. 2014 Non-Indexed Article NonPeerReviewed Abdul Hamid Mar Iman and Christopher Gan (2014) Malaysia’s macro-financial strategy in reducing property wealth disparity and increasing property ownership affordability – who benefits more? Int. Journal of Economics and Management, 8 (1). pp. 229-258. ISSN 1823 - 836X http://econ.upm.edu.my/ijem/vol8no1/bab13.pdf
institution Universiti Malaysia Kelantan
building Perpustakaan Universiti Malaysia Kelantan
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Kelantan
content_source UMK Institutional Repository
url_provider http://umkeprints.umk.edu.my/
description The relationship of a country’s macro-financial strategy against property-based relative wealth (pbrW) disparity and property ownership affordability (poA) has not been analyzed before. These are perennial issues of any country since POA influences the level of pbrW disparity among the people. This paper addresses two issues. First, whether POA influences PBRW disparity or PBRW disparity influences POA or whether both have a bi-directional relationship. Second, whether the macro-financial strategy has any effect on PBRW disparity of the citizens. We used a sample of 36,349 individual market transactions of (mainly) residential and commercial properties over a 30-year period from 1982 to 2012. the study uses a vector autoregression to investigate the above issues. the result revealed that Malaysia’s macro-financial strategy has had different effects on PBRW disparity and property ownership affordability of the Malaysian main ethnics group (Malays). It benefited the non-Malays more than the Malays.
format Non-Indexed Article
author Abdul Hamid Mar Iman
Christopher Gan
spellingShingle Abdul Hamid Mar Iman
Christopher Gan
Malaysia’s macro-financial strategy in reducing property wealth disparity and increasing property ownership affordability – who benefits more?
author_facet Abdul Hamid Mar Iman
Christopher Gan
author_sort Abdul Hamid Mar Iman
title Malaysia’s macro-financial strategy in reducing property wealth disparity and increasing property ownership affordability – who benefits more?
title_short Malaysia’s macro-financial strategy in reducing property wealth disparity and increasing property ownership affordability – who benefits more?
title_full Malaysia’s macro-financial strategy in reducing property wealth disparity and increasing property ownership affordability – who benefits more?
title_fullStr Malaysia’s macro-financial strategy in reducing property wealth disparity and increasing property ownership affordability – who benefits more?
title_full_unstemmed Malaysia’s macro-financial strategy in reducing property wealth disparity and increasing property ownership affordability – who benefits more?
title_sort malaysia’s macro-financial strategy in reducing property wealth disparity and increasing property ownership affordability – who benefits more?
publishDate 2014
url http://discol.umk.edu.my/id/eprint/8064/
http://econ.upm.edu.my/ijem/vol8no1/bab13.pdf
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score 13.211869

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