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...

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Bibliographic Details
Main Authors: Wang, Li, Wong, Kelly Kai Seng, Tee, Chee Lip
Format: Article
Language:English
Published: Elsevier 2019
Online Access:http://psasir.upm.edu.my/id/eprint/80767/1/WEALTH.pdf
http://psasir.upm.edu.my/id/eprint/80767/
http://sersc.org/journals/index.php/IJAST/article/view/889
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