AsymmetricEffects of Housing Wealth on Consumption: Malaysia Case
Abstract
This paper aims to test the asymmetric effect of housing wealth on consumption in Malaysia. The nonlinear model is tested by Unrestricted Autoregressive Distributed Lag (ARDL) proposed by Shin et al. (2011). This study found that income, credit constraints, stock wealth and housing wealth are cointegrated. The estimated model shows that there are asymmetric relations between housing wealth and consumption.
Published
2019-10-17
How to Cite
Wong et al., W. L. (2019). AsymmetricEffects of Housing Wealth on Consumption: Malaysia Case. International Journal of Advanced Science and Technology, 28(8s), 331 - 339. Retrieved from http://sersc.org/journals/index.php/IJAST/article/view/889
Section
Articles