Meng, Xianming; Hoang, Nam T.; Siriwardana, Mahinda - In: Journal of Asian Economics 29 (2013) C, pp. 80-90
This paper employs a cointegrated Vector Autoregression (CVAR) model to explore the determinants of Australian household debt. The results show that housing prices, GDP and the population in the economy have a positive effect on household borrowing. Meanwhile, interest rates, the unemployment...