Determinants of housing prise:Evidence from panel data
Housing industry plays a vital role to a colmtry's economy, however, increase in house prices could contribute to negative growth of economic and financial perfomce. It is cmcial to study the determinants of house price in order to control the price volatility and to reduce the risk of poten...
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| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English English |
| Subjects: | |
| Online Access: | http://repo.uum.edu.my/26496/1/nur%20hafizah%2012.PDF http://repo.uum.edu.my/26496/6/nur%20hafizah%2012.PDF http://repo.uum.edu.my/26496/ |
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| Institution: | Universiti Utara Malaysia |
| Language: | English English |
| Summary: | Housing industry plays a vital role to a colmtry's economy, however, increase in house
prices could contribute to negative growth of economic and financial perfomce. It is
cmcial to study the determinants of house price in order to control the price volatility and
to reduce the risk of potential repeated financial orisis. This paper investigates the
determinants of housing prices in, selected East-Asian cbuntries: Malaysia, Singapore,
Indonesia and Thailand by using pooled mean regression, over a quarterly data fiom 2000
to 2010. The key faators investigabd were GDP, bank lending rate, wtemploymenl rate
and stock price index. AU determinants were found tw be significantly related to the crosscountry
House Price Index @PI). East-Asian countries should adapt r e t e r n imperative
action to wnhal house prices from escalating and to avoid financial instability due to
housing bubble fium happen. |
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