Le, Thai-Ha - In: Economics: The Open-Access, Open-Assessment E-Journal 9 (2015) 2015-27, pp. 1-30
This study analyses the effects of oil price and macroeconomic shocks on the Malaysian housing market using a SVAR framework. The specification of the baseline model is based on standard economic theory. The Gregory-Hansen (GH) cointegration test reveals that there is no cointegration among the...