Citation
Wong, Wang Li and Chin, Lee and Wong, Kelly Kai Seng and Tee, Chee Lip
(2019)
Housing wealth and consumption in Malaysia: new evidence.
In:
Economics Issues and Policy Challenges in Malaysia.
Universiti Putra Malaysia Press, Malaysia, 45 - 59.
ISBN 9789672395201
Abstract
This study discusses the impact of housing market on economy through consumption channel. The discussion includes comparing the past and current relationship of housing wealth and consumption as well as the challenges of government in making housing policies. In summary, housing wealth exhibit a negative relationship in the past (1999 – 2011) due to the wealth channel is stifle, consumer perceive house price increase as housing cost increase, thus reduce spending. However, the scenario had turned into an unexpected manner, where an asymmetric relationship found in the current state (2000 – 2017). This probably due to the financial innovation that began in year 2004 and afterward financial liberalization in year 2009.
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Additional Metadata
| Item Type: | Book Section |
|---|---|
| Divisions: | Faculty of Agriculture Faculty of Economics and Management |
| Publisher: | Universiti Putra Malaysia Press |
| Keywords: | Housing wealth; Housing market; Housing; Malaysia |
| Depositing User: | Azhar Abdul Rahman |
| Date Deposited: | 09 Jul 2021 23:28 |
| Last Modified: | 09 Jul 2021 23:28 |
| URI: | http://psasir.upm.edu.my/id/eprint/78805 |
| Statistic Details: | View Download Statistic |
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