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Can the Housing Policies Sustain House Prices in Malaysia?
Malaysian Journal of Economic Studies
In addition to economic factors, this paper examines the impact of housing policies in sustaining house prices in Malaysia at both aggregate and disaggregate levels. By using autoregressive distributed lag (ARDL) framework, we develop a model of house price determination with a focus on two major housing policies -mortgage interest tax relief (MITR) and Developer Interest Bearing Scheme (DIBS). Although aggregate house prices do not react to any economic variable in the long run, it respondsdoi:10.22452/mjes.vol54no2.8 fatcat:hescviqhdzdzbj2rcnlrypuh74