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...

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Autores principales:	Hassan F. Gholipour, Sabai Khin, Angela Tan-Kantor, Heath Spong
Formato:	article
Lenguaje:	EN
Publicado:	Vilnius Gediminas Technical University 2021
Materias:	house prices business formation malaysia panel ardl/pmg Management. Industrial management HD28-70 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/ef3d22f57bf7424cb550580efe3826a6
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id	oai:doaj.org-article:ef3d22f57bf7424cb550580efe3826a6
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spelling	oai:doaj.org-article:ef3d22f57bf7424cb550580efe3826a62021-11-23T13:51:26ZUrban house prices and business establishment in Malaysia: a sectoral approach1648-715X1648-917910.3846/ijspm.2021.15572https://doaj.org/article/ef3d22f57bf7424cb550580efe3826a62021-10-01T00:00:00Zhttps://journals.vgtu.lt/index.php/IJSPM/article/view/15572https://doaj.org/toc/1648-715Xhttps://doaj.org/toc/1648-9179The 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.Hassan F. GholipourSabai KhinAngela Tan-KantorHeath SpongVilnius Gediminas Technical Universityarticlehouse pricesbusiness formationmalaysiapanel ardl/pmgManagement. Industrial managementHD28-70FinanceHG1-9999ENInternational Journal of Strategic Property Management, Vol 25, Iss 6, Pp 459–468-459–468 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	house prices business formation malaysia panel ardl/pmg Management. Industrial management HD28-70 Finance HG1-9999
spellingShingle	house prices business formation malaysia panel ardl/pmg Management. Industrial management HD28-70 Finance HG1-9999 Hassan F. Gholipour Sabai Khin Angela Tan-Kantor Heath Spong Urban house prices and business establishment in Malaysia: a sectoral approach
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.
format	article
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
title	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_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_sort	urban house prices and business establishment in malaysia: a sectoral approach
publisher	Vilnius Gediminas Technical University
publishDate	2021
url	https://doaj.org/article/ef3d22f57bf7424cb550580efe3826a6
work_keys_str_mv	AT hassanfgholipour urbanhousepricesandbusinessestablishmentinmalaysiaasectoralapproach AT sabaikhin urbanhousepricesandbusinessestablishmentinmalaysiaasectoralapproach AT angelatankantor urbanhousepricesandbusinessestablishmentinmalaysiaasectoralapproach AT heathspong urbanhousepricesandbusinessestablishmentinmalaysiaasectoralapproach
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Urban house prices and business establishment in Malaysia: a sectoral approach

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