Urban house prices and business establishment in Malaysia : a sectoral approach

Hassan F. Gholipour; Sabai Khin; Angela Tan-Kantor; Heath Spong

doi:10.3846/ijspm.2021.15572

Urban house prices and business establishment in Malaysia : a sectoral approach

Hassan F. Gholipour
, Sabai Khin
, Angela Tan-Kantor
, Heath Spong

Research output: Contribution to journal › Article › peer-review

2 Citations (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	459-468
Number of pages	10
Journal	International Journal of Strategic Property Management
Volume	25
Issue number	6
DOIs	https://doi.org/10.3846/ijspm.2021.15572
Publication status	Published - 27 Aug 2021

Bibliographical note

Publisher Copyright:
© 2021 The Author(s). Published by Vilnius Gediminas Technical University.

Open Access - Access Right Statement

© 2021 The Author(s). Published by Vilnius Gediminas Technical University. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure

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10.3846/ijspm.2021.15572

Cite this

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abstract = "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.",

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AU - Gholipour, Hassan F.

AU - Khin, Sabai

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PY - 2021/8/27

Y1 - 2021/8/27

N2 - 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.

AB - 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.

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EP - 468

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ER -

Urban house prices and business establishment in Malaysia : a sectoral approach

Abstract

Bibliographical note

Open Access - Access Right Statement

UN SDGs

Access to Document

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