Housing wealth and consumption in Malaysia: new evidence
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 neg...
| Main Authors: | , , , |
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| Format: | Book Section |
| Language: | English |
| Published: |
Universiti Putra Malaysia Press
2019
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| Online Access: | http://psasir.upm.edu.my/id/eprint/78805/1/ChapterinBookCpt3.pdf |
| _version_ | 1796980526065647616 |
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| author | Wong, Wang Li Chin, Lee Wong, Kelly Kai Seng Tee, Chee Lip |
| author2 | Chin, Lee |
| author_facet | Chin, Lee Wong, Wang Li Chin, Lee Wong, Kelly Kai Seng Tee, Chee Lip |
| author_sort | Wong, Wang Li |
| collection | UPM |
| description | 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. |
| first_indexed | 2024-03-06T10:24:22Z |
| format | Book Section |
| id | upm.eprints-78805 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T10:24:22Z |
| publishDate | 2019 |
| publisher | Universiti Putra Malaysia Press |
| record_format | dspace |
| spelling | upm.eprints-788052021-07-09T23:28:43Z http://psasir.upm.edu.my/id/eprint/78805/ Housing wealth and consumption in Malaysia: new evidence Wong, Wang Li Chin, Lee Wong, Kelly Kai Seng Tee, Chee Lip 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. Universiti Putra Malaysia Press Chin, Lee Ishak, Suryati Bani, Nor Yasmin 2019 Book Section PeerReviewed text en http://psasir.upm.edu.my/id/eprint/78805/1/ChapterinBookCpt3.pdf 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 https://www.researchgate.net/publication/338006272_Housing_Wealth_and_Consumption_in_Malaysia_New_Evidence |
| spellingShingle | Wong, Wang Li Chin, Lee Wong, Kelly Kai Seng Tee, Chee Lip Housing wealth and consumption in Malaysia: new evidence |
| title | Housing wealth and consumption in Malaysia: new evidence |
| title_full | Housing wealth and consumption in Malaysia: new evidence |
| title_fullStr | Housing wealth and consumption in Malaysia: new evidence |
| title_full_unstemmed | Housing wealth and consumption in Malaysia: new evidence |
| title_short | Housing wealth and consumption in Malaysia: new evidence |
| title_sort | housing wealth and consumption in malaysia new evidence |
| url | http://psasir.upm.edu.my/id/eprint/78805/1/ChapterinBookCpt3.pdf |
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