Bubble detection in the Malaysian housing market
This study uses Phillips, Shi and Yu’s (2015) bubble detection method to examine housing bubbles in Malaysia. We documented five positive bubbles and one negative bubble from 1988 to 2015, including the well-known 1997 Asian real estate bubble. The bubble that originated in April 2010 is the most pr...
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Malaysian Economic Association
2017
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my.uum.repo.256392019-02-24T02:09:15Z http://repo.uum.edu.my/25639/ Bubble detection in the Malaysian housing market Yip, Chee Yin Wong, Woei Chyuan Lim, Hock Eam HF5601 Accounting This study uses Phillips, Shi and Yu’s (2015) bubble detection method to examine housing bubbles in Malaysia. We documented five positive bubbles and one negative bubble from 1988 to 2015, including the well-known 1997 Asian real estate bubble. The bubble that originated in April 2010 is the most prominent. It peaked in 2013. Since then, it has been exhibiting strong signs of gradual collapse but was still persisting up to the end of the study period in September 2015. Some of these bubbles preceded financial crises, a phenomenon which is consistent with the findings of contagion channels between real estate and financial markets in the literature. Malaysian Economic Association 2017 Article PeerReviewed application/pdf en http://repo.uum.edu.my/25639/1/MJES%2054%202%202017%202013%20221.pdf Yip, Chee Yin and Wong, Woei Chyuan and Lim, Hock Eam (2017) Bubble detection in the Malaysian housing market. Malaysian Journal of Economic Studies, 54 (2). pp. 203-221. ISSN 0126-5350 http://doi.org/10.22452/MJES.vol54no2.2 doi:10.22452/MJES.vol54no2.2 |
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HF5601 Accounting Yip, Chee Yin Wong, Woei Chyuan Lim, Hock Eam Bubble detection in the Malaysian housing market |
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This study uses Phillips, Shi and Yu’s (2015) bubble detection method to examine housing bubbles in Malaysia. We documented five positive bubbles and one negative bubble from 1988 to 2015, including the well-known 1997 Asian real estate bubble. The bubble that originated in April 2010 is the most prominent. It peaked in 2013. Since then, it has been exhibiting strong signs of gradual collapse but was still persisting up to the end of the study period in September 2015. Some of these bubbles preceded financial crises, a phenomenon which is consistent with the findings of contagion channels between real estate and financial markets in the literature. |
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Article |
author |
Yip, Chee Yin Wong, Woei Chyuan Lim, Hock Eam |
author_facet |
Yip, Chee Yin Wong, Woei Chyuan Lim, Hock Eam |
author_sort |
Yip, Chee Yin |
title |
Bubble detection in the Malaysian housing market |
title_short |
Bubble detection in the Malaysian housing market |
title_full |
Bubble detection in the Malaysian housing market |
title_fullStr |
Bubble detection in the Malaysian housing market |
title_full_unstemmed |
Bubble detection in the Malaysian housing market |
title_sort |
bubble detection in the malaysian housing market |
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Malaysian Economic Association |
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2017 |
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http://repo.uum.edu.my/25639/1/MJES%2054%202%202017%202013%20221.pdf http://repo.uum.edu.my/25639/ http://doi.org/10.22452/MJES.vol54no2.2 |
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13.18916 |