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

PDF Restricted to Registered users only Download (864kB) | Request a copy

Abstract

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.

Item Type:	Article
Uncontrolled Keywords:	Bubble duration, consistency, dating algorithm, multiple bubbles, real time detector
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	School of Economics, Finance & Banking
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	24 Feb 2019 02:09
Last Modified:	24 Feb 2019 02:09
URI:	https://repo.uum.edu.my/id/eprint/25639

Actions (login required)

View Item