Urban house prices and business establishment in Malaysia: a sectoral approach
The purpose of this study is to examine the long-run and short-run relationship between house prices and business formation in various industries. Using data from Malaysian states over the period of 2000–2016 and applying ARDL/PMG models, our results show that changes in house prices have a positive...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Vilnius Gediminas Technical University
2021-10-01
|
| Series: | International Journal of Strategic Property Management |
| Subjects: | |
| Online Access: | https://journals.vgtu.lt/index.php/IJSPM/article/view/15572 |
| _version_ | 1818999798280224768 |
|---|---|
| author | Hassan F. Gholipour Sabai Khin Angela Tan-Kantor Heath Spong |
| author_facet | Hassan F. Gholipour Sabai Khin Angela Tan-Kantor Heath Spong |
| author_sort | Hassan F. Gholipour |
| collection | DOAJ |
| description | The purpose of this study is to examine the long-run and short-run relationship between house prices and business formation in various industries. Using data from Malaysian states over the period of 2000–2016 and applying ARDL/PMG models, our results show that changes in house prices have a positive and significant association with business establishment in specific economic sectors, including manufacturing, wholesale and retail trade, information and communication, and financial and insurance in the long-run. However, the long-run relationship between house prices and business formation is negative and significant for electricity, gas, steam and air conditioning supply, construction, transportation and storage, accommodation and food service activities, and real estate industries. The short-run analysis indicates that there is a difference in the responses of business establishment in various industries to the changes in house prices. |
| first_indexed | 2024-12-20T22:23:09Z |
| format | Article |
| id | doaj.art-ef3d22f57bf7424cb550580efe3826a6 |
| institution | Directory Open Access Journal |
| issn | 1648-715X 1648-9179 |
| language | English |
| last_indexed | 2024-12-20T22:23:09Z |
| publishDate | 2021-10-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | International Journal of Strategic Property Management |
| spelling | doaj.art-ef3d22f57bf7424cb550580efe3826a62022-12-21T19:24:53ZengVilnius Gediminas Technical UniversityInternational Journal of Strategic Property Management1648-715X1648-91792021-10-01256459–468459–46810.3846/ijspm.2021.1557215572Urban house prices and business establishment in Malaysia: a sectoral approachHassan F. Gholipour0Sabai Khin1Angela Tan-Kantor2Heath Spong3School of Business, Western Sydney University, Sydney, AustraliaSchool of Management, Universiti Sains Malaysia, Penang, MalaysiaCanberra Business School, Faculty of Business, Government and Law, University of Canberra, Canberra, AustraliaSchool of Business, Western Sydney University, Sydney, AustraliaThe purpose of this study is to examine the long-run and short-run relationship between house prices and business formation in various industries. Using data from Malaysian states over the period of 2000–2016 and applying ARDL/PMG models, our results show that changes in house prices have a positive and significant association with business establishment in specific economic sectors, including manufacturing, wholesale and retail trade, information and communication, and financial and insurance in the long-run. However, the long-run relationship between house prices and business formation is negative and significant for electricity, gas, steam and air conditioning supply, construction, transportation and storage, accommodation and food service activities, and real estate industries. The short-run analysis indicates that there is a difference in the responses of business establishment in various industries to the changes in house prices.https://journals.vgtu.lt/index.php/IJSPM/article/view/15572house pricesbusiness formationmalaysiapanel ardl/pmg |
| spellingShingle | Hassan F. Gholipour Sabai Khin Angela Tan-Kantor Heath Spong Urban house prices and business establishment in Malaysia: a sectoral approach International Journal of Strategic Property Management house prices business formation malaysia panel ardl/pmg |
| title | Urban house prices and business establishment in Malaysia: a sectoral approach |
| title_full | Urban house prices and business establishment in Malaysia: a sectoral approach |
| title_fullStr | Urban house prices and business establishment in Malaysia: a sectoral approach |
| title_full_unstemmed | Urban house prices and business establishment in Malaysia: a sectoral approach |
| title_short | Urban house prices and business establishment in Malaysia: a sectoral approach |
| title_sort | urban house prices and business establishment in malaysia a sectoral approach |
| topic | house prices business formation malaysia panel ardl/pmg |
| url | https://journals.vgtu.lt/index.php/IJSPM/article/view/15572 |
| work_keys_str_mv | AT hassanfgholipour urbanhousepricesandbusinessestablishmentinmalaysiaasectoralapproach AT sabaikhin urbanhousepricesandbusinessestablishmentinmalaysiaasectoralapproach AT angelatankantor urbanhousepricesandbusinessestablishmentinmalaysiaasectoralapproach AT heathspong urbanhousepricesandbusinessestablishmentinmalaysiaasectoralapproach |