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IMPACTS OF INTEREST RATE ON HOUSING PRICES: EVIDENCE FROM HO CHI MINH CITY, VIETNAM |
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| รหัสดีโอไอ | |
| Creator | Toan Ngoc Bui |
| Title | IMPACTS OF INTEREST RATE ON HOUSING PRICES: EVIDENCE FROM HO CHI MINH CITY, VIETNAM |
| Contributor | - |
| Publisher | TuEngr Group |
| Publication Year | 2563 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 11 |
| Journal No. | 5 |
| Page no. | 11A05A: 1-7 |
| Keyword | House price index, Housing market, Lending interest rate, Real estate in Vietnam, ARDL. |
| URL Website | http://TuEngr.com/Vol11_5.html |
| Website title | ITJEMAST V11(4) 2020 @ TuEngr.com |
| ISSN | 2228-9860 |
| Abstract | The paper investigates the impact of interest rate on housing prices in Ho Chi Minh city from 2009:Q1 to 2018:Q4. The author employs the Autoregressive Distributed Lag (ARDL) approach to estimate the research model. The results indicate that housing prices are significantly influenced by the interest rate in the short run and long run. Specifically, the interest rate exerts a positive impact on housing prices in the short run. However, this influence turns into negative in the long run. The study greatly succeeds in finding the impact of interest rate on housing prices in the short run and long run. Further, the results provide first empirical evidence on the correlation between interest rates and housing prices in Ho Chi Minh city as well as Vietnam, thereby being meaningful for Ho Chi Minh city as well as other provinces in Vietnam. |
