Asymmetric effects of housing wealth on consumption: Malaysia case
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 cointe...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2019
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| Online Access: | http://psasir.upm.edu.my/id/eprint/80767/1/WEALTH.pdf |