Impact of Foreign Direct Investment (FDI) on Housing Affordability Index: Vector Autoregressive Model
This paper aims to investigate the short and long term association between Foreign Direct Investment (FDI) and overall consumer affordability in Malaysia Real Estate Sector using Vector Autoregressive model. Sample period used is 2009:Q1 to 2017:Q4. FDI is scapegoated as the leading cause of decrea...
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| Format: | Article |
| Language: | English |
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UiTM Press
2020-12-01
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| Series: | Journal of International Business, Economics and Entrepreneurship |
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| Online Access: | https://journal.uitm.edu.my/ojs/index.php/JIBE/article/view/1211 |
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| author | Anderson Chua Chen Lu Jerome Kueh Yong Sze Wei Josephine Yau Audrey Liwan |
| author_facet | Anderson Chua Chen Lu Jerome Kueh Yong Sze Wei Josephine Yau Audrey Liwan |
| author_sort | Anderson Chua Chen Lu |
| collection | DOAJ |
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This paper aims to investigate the short and long term association between Foreign Direct Investment (FDI) and overall consumer affordability in Malaysia Real Estate Sector using Vector Autoregressive model. Sample period used is 2009:Q1 to 2017:Q4. FDI is scapegoated as the leading cause of decreasing affordability in real estate. In most cases, FDI on real estate contributes to the rising income of the country. Increasing income promotes demand to a higher threshold level. Thus, theoretically will cause housing price to increase. Through this study, evidence of no cointegration and absence of Granger causality converge towards deficiency of relationship among FDI and Housing Affordability Index (HAI). Findings pointed out FDI is not the cause of decreasing HAI.
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| format | Article |
| id | doaj-art-d5e66c069d0d44b089995be0659fa6b7 |
| institution | Kabale University |
| issn | 2550-1429 |
| language | English |
| publishDate | 2020-12-01 |
| publisher | UiTM Press |
| record_format | Article |
| series | Journal of International Business, Economics and Entrepreneurship |
| spelling | doaj-art-d5e66c069d0d44b089995be0659fa6b72024-11-22T07:20:16ZengUiTM PressJournal of International Business, Economics and Entrepreneurship2550-14292020-12-0152Impact of Foreign Direct Investment (FDI) on Housing Affordability Index: Vector Autoregressive ModelAnderson Chua Chen Lu0Jerome Kueh1Yong Sze Wei2Josephine Yau3 Audrey Liwan4Faculty of Economics and Business, Universiti Malaysia Sarawak, Kota Samarahan, Sarawak, MalaysiaFaculty of Economics and Business, Universiti Malaysia Sarawak, Kota Samarahan, Sarawak, MalaysiaFaculty of Business and Management, Universiti Teknologi MARA, Cawangan Sarawak, Sarawak, MalaysiaFaculty of Economics and Business, Universiti Malaysia Sarawak, Kota Samarahan, Sarawak, MalaysiaFaculty of Economics and Business, Universiti Malaysia Sarawak, Kota Samarahan, Sarawak, Malaysia This paper aims to investigate the short and long term association between Foreign Direct Investment (FDI) and overall consumer affordability in Malaysia Real Estate Sector using Vector Autoregressive model. Sample period used is 2009:Q1 to 2017:Q4. FDI is scapegoated as the leading cause of decreasing affordability in real estate. In most cases, FDI on real estate contributes to the rising income of the country. Increasing income promotes demand to a higher threshold level. Thus, theoretically will cause housing price to increase. Through this study, evidence of no cointegration and absence of Granger causality converge towards deficiency of relationship among FDI and Housing Affordability Index (HAI). Findings pointed out FDI is not the cause of decreasing HAI. https://journal.uitm.edu.my/ojs/index.php/JIBE/article/view/1211real esate, Vector Autoregressive, Granger Causality |
| spellingShingle | Anderson Chua Chen Lu Jerome Kueh Yong Sze Wei Josephine Yau Audrey Liwan Impact of Foreign Direct Investment (FDI) on Housing Affordability Index: Vector Autoregressive Model Journal of International Business, Economics and Entrepreneurship real esate, Vector Autoregressive, Granger Causality |
| title | Impact of Foreign Direct Investment (FDI) on Housing Affordability Index: Vector Autoregressive Model |
| title_full | Impact of Foreign Direct Investment (FDI) on Housing Affordability Index: Vector Autoregressive Model |
| title_fullStr | Impact of Foreign Direct Investment (FDI) on Housing Affordability Index: Vector Autoregressive Model |
| title_full_unstemmed | Impact of Foreign Direct Investment (FDI) on Housing Affordability Index: Vector Autoregressive Model |
| title_short | Impact of Foreign Direct Investment (FDI) on Housing Affordability Index: Vector Autoregressive Model |
| title_sort | impact of foreign direct investment fdi on housing affordability index vector autoregressive model |
| topic | real esate, Vector Autoregressive, Granger Causality |
| url | https://journal.uitm.edu.my/ojs/index.php/JIBE/article/view/1211 |
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