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 mo...
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| Veröffentlicht in: | Malaysian journal of economic studies 2017-12, Vol.54 (2), p.203-221 |
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| container_title | Malaysian journal of economic studies |
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| creator | Yip, Chee Yin Wong, Woei Chyuan Lim, Hock Eam |
| description | 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. |
| doi_str_mv | 10.22452/MJES.vol54no2.2 |
| format | Article |
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| ispartof | Malaysian journal of economic studies, 2017-12, Vol.54 (2), p.203-221 |
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| language | eng |
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| source | Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; Business Source Complete |
| subjects | Capital assets Crude oil prices Econometrics Economic activity Economic conditions Economic growth Economic indicators Finance GDP Gross Domestic Product Housing Housing prices Inflation Interest rates International finance Mortgage loans Price increases Prices Real estate financing Real estate investment Real property Recessions |
| title | Bubble detection in the Malaysian housing market |
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