Mohd Zain, Zahariah and Ahmad Atory, Nurul Ainun and Hanafi, Sarah Amirah (2019) Determinants of household debt in Malaysia from the year 2010 to 2017 / Zahariah Mohd Zain, Nurul Ainun Ahmad Atory and Sarah Amirah Hanafi. Advances in Business Research International Journal (ABRIJ), 5 (2(S)). pp. 91-101. ISSN 2462-1838
Abstract
Household debt has become an issue in the Malaysian economy as it affects the country socially and economically.This study aims to examine the determinants of household debt from the year 2010 until 2017. This study employs the Ordinary Least Square (OLS) method and the macroeconomic variables used in this study are Gross Domestic Product (GDP), base lending rate, unemployment and housing price as independent variables. The results indicate that the trend of household debt in Malaysia has shown a continuous rise from the year 2010 to 2017. GDP, base lending rate and housing price indicate a positive relationship towards household debt while unemployment shows a negative relationship to household debt in Malaysia. All explanatory variables have shown a significant relationship except for GDP. Housing price has been found to be the most significant factor and positively related to household debt. The findings indicate that the higher the price of houses, the higher the household debt will be.
Metadata
Item Type: | Article | ||||||||
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Creators: |
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Subjects: | H Social Sciences > HN Social history and conditions. Social problems. Social reform > Quality of life H Social Sciences > HQ The family. Marriage. Woman > Life style |
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Divisions: | Universiti Teknologi MARA, Shah Alam > Faculty of Business and Management | ||||||||
Journal or Publication Title: | Advances in Business Research International Journal (ABRIJ) | ||||||||
Journal: | UiTM Journal > Advances in Business Research International Journal (ABRIJ) | ||||||||
ISSN: | 2462-1838 | ||||||||
Volume: | 5 | ||||||||
Number: | 2(S) | ||||||||
Page Range: | pp. 91-101 | ||||||||
Official URL: | https://abrij.uitm.edu.my | ||||||||
Item ID: | 29753 | ||||||||
Uncontrolled Keywords: | Household debt, GDP, Base lending rate, Unemployment and housing price | ||||||||
URI: | http://ir.uitm.edu.my/id/eprint/29753 |
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