The relationship between Malaysia’s residential property price index and residential properties loan supply
This paper aims to examine the linkages between residential properties prices and residential properties loans in Malaysia from 1999 to 2015, in addition to income level and the impact of the economic crisis. Even though residential properties are a basic necessity, there is no previous study tha...
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| Format: | Book Section |
| Language: | en |
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Universiti Sains Malaysia
2016
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| Online Access: | http://eprints.usm.my/53777/1/pages%20from%2031-38%20iccei2016-proceedings.pdf http://eprints.usm.my/53777/ |
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| _version_ | 1834505548007997440 |
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| author | Law, Chee-Hong Lim, Ghee-Thean |
| author2 | Ee, Shiang Lim |
| author_facet | Ee, Shiang Lim Law, Chee-Hong Lim, Ghee-Thean |
| author_sort | Law, Chee-Hong |
| building | Hamzah Sendut Library |
| collection | Institutional Repository |
| content_provider | Universiti Sains Malaysia |
| content_source | USM Institutional Repository |
| continent | Asia |
| country | Malaysia |
| description | This paper aims to examine the linkages between residential properties prices and residential
properties loans in Malaysia from 1999 to 2015, in addition to income level and the impact of
the economic crisis. Even though residential properties are a basic necessity, there is no
previous study that attempts to estimate the long-run and short-run relationship between loans
and price level in residential properties in Malaysia. It is believed that property price level
moves in the same direction as loan supply. The estimations are divided into two parts: the
detection of long run relationships and the estimation the long-run and short-run elasticities
from an ARDL model. The results support the hypothesis that the loan supply has a positive
impact on the residential price levels; the robustness test also supports this conclusion. This
implies the importance of closely monitoring the housing loan activities of banks to control
residential property prices. |
| format | Book Section |
| id | my.usm.eprints.53777 |
| institution | Universiti Sains Malaysia |
| language | en |
| publishDate | 2016 |
| publisher | Universiti Sains Malaysia |
| record_format | eprints |
| spelling | my.usm.eprints.53777 http://eprints.usm.my/53777/ The relationship between Malaysia’s residential property price index and residential properties loan supply Law, Chee-Hong Lim, Ghee-Thean HC Economic History and Conditions This paper aims to examine the linkages between residential properties prices and residential properties loans in Malaysia from 1999 to 2015, in addition to income level and the impact of the economic crisis. Even though residential properties are a basic necessity, there is no previous study that attempts to estimate the long-run and short-run relationship between loans and price level in residential properties in Malaysia. It is believed that property price level moves in the same direction as loan supply. The estimations are divided into two parts: the detection of long run relationships and the estimation the long-run and short-run elasticities from an ARDL model. The results support the hypothesis that the loan supply has a positive impact on the residential price levels; the robustness test also supports this conclusion. This implies the importance of closely monitoring the housing loan activities of banks to control residential property prices. Universiti Sains Malaysia Ee, Shiang Lim Chee, Hong Law Hooi, Hooi Lean 2016 Book Section PeerReviewed application/pdf en http://eprints.usm.my/53777/1/pages%20from%2031-38%20iccei2016-proceedings.pdf Law, Chee-Hong and Lim, Ghee-Thean (2016) The relationship between Malaysia’s residential property price index and residential properties loan supply. In: Proceedings of Second International Conference on Contemporary Economic Issues. Universiti Sains Malaysia, Bali, Indonesia, pp. 31-38. ISBN 978-967-11473-6-8 |
| spellingShingle | HC Economic History and Conditions Law, Chee-Hong Lim, Ghee-Thean The relationship between Malaysia’s residential property price index and residential properties loan supply |
| title | The relationship between Malaysia’s residential property price index and
residential properties loan supply |
| title_full | The relationship between Malaysia’s residential property price index and
residential properties loan supply |
| title_fullStr | The relationship between Malaysia’s residential property price index and
residential properties loan supply |
| title_full_unstemmed | The relationship between Malaysia’s residential property price index and
residential properties loan supply |
| title_short | The relationship between Malaysia’s residential property price index and
residential properties loan supply |
| title_sort | relationship between malaysia’s residential property price index and
residential properties loan supply |
| topic | HC Economic History and Conditions |
| url | http://eprints.usm.my/53777/1/pages%20from%2031-38%20iccei2016-proceedings.pdf http://eprints.usm.my/53777/ |
| url_provider | http://eprints.usm.my/ |