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Longterm finance and macroeconomic environment in SSA: implications for the rate of urban housing development

This paper examines some factors that influence long-term funds in Sub-Saharan Africa and its implication for the rate urban housing development. The study employed seemingly unrelated regression estimations with panel data of twenty-two African countries during the period 1980-2013. The increasing...

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Main Authors: Mustapha, Alhaji Bukar, Said, Rusmawati
Format: Conference or Workshop Item
Language:English
Published: 2015
Online Access:http://psasir.upm.edu.my/id/eprint/64431/1/E1C1_KLIBEL-6-PROCEEDING-TEMPLATE-VOL-3-ECONOMIC.pdf
http://psasir.upm.edu.my/id/eprint/64431/
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spelling my.upm.eprints.644312018-07-05T09:31:04Z http://psasir.upm.edu.my/id/eprint/64431/ Longterm finance and macroeconomic environment in SSA: implications for the rate of urban housing development Mustapha, Alhaji Bukar Said, Rusmawati This paper examines some factors that influence long-term funds in Sub-Saharan Africa and its implication for the rate urban housing development. The study employed seemingly unrelated regression estimations with panel data of twenty-two African countries during the period 1980-2013. The increasing rate of urbanization, growing urban housing deficit and low formal private sector investment in the housing sector challenge the successful realization of the sustainable housing for all in Sub-Saharan Africa (SSA) countries. The findings of the study suggest that the high rate of inflation and low real interest rates have serious consequences on long-term finance development. Other factors such as interest rate ceilings have also have an adverse effect on household savings and thus impede supply of long-term credits such as mortgage loans. Therefore, we conclude that the high rate of inflation and excessive government controls distorts the efficient allocation of long-term credits. The findings of the study suggest that for effective long-term financing in such an inflationary economy, temporary indexation is important to account for the sporadic changes in the rate of inflation and to reduce cost of inflation there by accelerate savings and thus housing finance. 2015 Conference or Workshop Item PeerReviewed text en http://psasir.upm.edu.my/id/eprint/64431/1/E1C1_KLIBEL-6-PROCEEDING-TEMPLATE-VOL-3-ECONOMIC.pdf Mustapha, Alhaji Bukar and Said, Rusmawati (2015) Longterm finance and macroeconomic environment in SSA: implications for the rate of urban housing development. In: Kuala Lumpur International Business, Economics and Law Conference 6, 18-19 Apr. 2015, Hotel Putra, Kuala Lumpur, Malaysia. (pp. 1-11).
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description This paper examines some factors that influence long-term funds in Sub-Saharan Africa and its implication for the rate urban housing development. The study employed seemingly unrelated regression estimations with panel data of twenty-two African countries during the period 1980-2013. The increasing rate of urbanization, growing urban housing deficit and low formal private sector investment in the housing sector challenge the successful realization of the sustainable housing for all in Sub-Saharan Africa (SSA) countries. The findings of the study suggest that the high rate of inflation and low real interest rates have serious consequences on long-term finance development. Other factors such as interest rate ceilings have also have an adverse effect on household savings and thus impede supply of long-term credits such as mortgage loans. Therefore, we conclude that the high rate of inflation and excessive government controls distorts the efficient allocation of long-term credits. The findings of the study suggest that for effective long-term financing in such an inflationary economy, temporary indexation is important to account for the sporadic changes in the rate of inflation and to reduce cost of inflation there by accelerate savings and thus housing finance.
format Conference or Workshop Item
author Mustapha, Alhaji Bukar
Said, Rusmawati
spellingShingle Mustapha, Alhaji Bukar
Said, Rusmawati
Longterm finance and macroeconomic environment in SSA: implications for the rate of urban housing development
author_facet Mustapha, Alhaji Bukar
Said, Rusmawati
author_sort Mustapha, Alhaji Bukar
title Longterm finance and macroeconomic environment in SSA: implications for the rate of urban housing development
title_short Longterm finance and macroeconomic environment in SSA: implications for the rate of urban housing development
title_full Longterm finance and macroeconomic environment in SSA: implications for the rate of urban housing development
title_fullStr Longterm finance and macroeconomic environment in SSA: implications for the rate of urban housing development
title_full_unstemmed Longterm finance and macroeconomic environment in SSA: implications for the rate of urban housing development
title_sort longterm finance and macroeconomic environment in ssa: implications for the rate of urban housing development
publishDate 2015
url http://psasir.upm.edu.my/id/eprint/64431/1/E1C1_KLIBEL-6-PROCEEDING-TEMPLATE-VOL-3-ECONOMIC.pdf
http://psasir.upm.edu.my/id/eprint/64431/
_version_ 1643838021252939776
score 13.211869

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