Inflation hedging property of housing market in Malaysia
This paper aims to examine the relationship between house prices and inflation to determine the inflation hedging ability of housing in Malaysian. We examine the long-run and short-run hedging ability of house prices against both consumer and energy inflation by using ARDL approach. Consumer infl...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Book Section |
| Language: | English |
| Published: |
Universiti Sains Malaysia
2016
|
| Subjects: | |
| Online Access: | http://eprints.usm.my/52479/ http://eprints.usm.my/52479/1/pages%20from%201-8%20iccei2016-proceedings.pdf |
| _version_ | 1848882267926036480 |
|---|---|
| author | Geok, Peng Yeap Hooi, Hooi Lean |
| author2 | Ee, Shiang Lim |
| author_facet | Ee, Shiang Lim Geok, Peng Yeap Hooi, Hooi Lean |
| author_sort | Geok, Peng Yeap |
| building | USM Institutional Repository |
| collection | Online Access |
| description | This paper aims to examine the relationship between house prices and inflation to determine
the inflation hedging ability of housing in Malaysian. We examine the long-run and short-run
hedging ability of house prices against both consumer and energy inflation by using ARDL
approach. Consumer inflation will be calculated from consumer price index while energy
inflation is calculated from crude oil price. We find that, in the long-run, housing is a good
hedge against consumer inflation but a poor hedge against energy inflation. In the short-run,
housing is only partially hedge against energy inflation but not able to hedge against
consumer inflation. The results show that housing is not a good investment asset in Malaysia. |
| first_indexed | 2025-11-15T18:32:12Z |
| format | Book Section |
| id | usm-52479 |
| institution | Universiti Sains Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T18:32:12Z |
| publishDate | 2016 |
| publisher | Universiti Sains Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | usm-524792022-07-28T06:43:52Z http://eprints.usm.my/52479/ Inflation hedging property of housing market in Malaysia Geok, Peng Yeap Hooi, Hooi Lean HC79 Special topics-Including air pollution, automation,consumer demand, famines, flow of funds,etc. This paper aims to examine the relationship between house prices and inflation to determine the inflation hedging ability of housing in Malaysian. We examine the long-run and short-run hedging ability of house prices against both consumer and energy inflation by using ARDL approach. Consumer inflation will be calculated from consumer price index while energy inflation is calculated from crude oil price. We find that, in the long-run, housing is a good hedge against consumer inflation but a poor hedge against energy inflation. In the short-run, housing is only partially hedge against energy inflation but not able to hedge against consumer inflation. The results show that housing is not a good investment asset in Malaysia. Universiti Sains Malaysia Ee, Shiang Lim Chee, Hong Law Hooi, Hooi Lean 2016 Book Section PeerReviewed application/pdf en http://eprints.usm.my/52479/1/pages%20from%201-8%20iccei2016-proceedings.pdf Geok, Peng Yeap and Hooi, Hooi Lean (2016) Inflation hedging property of housing market in Malaysia. In: Proceedings of Second International Conference on Contemporary Economic Issues. Universiti Sains Malaysia, Pulau Pinang, Malaysia, pp. 1-8. ISBN 978-967-11473-6-8 |
| spellingShingle | HC79 Special topics-Including air pollution, automation,consumer demand, famines, flow of funds,etc. Geok, Peng Yeap Hooi, Hooi Lean Inflation hedging property of housing market in Malaysia |
| title | Inflation hedging property of housing market in Malaysia |
| title_full | Inflation hedging property of housing market in Malaysia |
| title_fullStr | Inflation hedging property of housing market in Malaysia |
| title_full_unstemmed | Inflation hedging property of housing market in Malaysia |
| title_short | Inflation hedging property of housing market in Malaysia |
| title_sort | inflation hedging property of housing market in malaysia |
| topic | HC79 Special topics-Including air pollution, automation,consumer demand, famines, flow of funds,etc. |
| url | http://eprints.usm.my/52479/ http://eprints.usm.my/52479/1/pages%20from%201-8%20iccei2016-proceedings.pdf |