Political risk and macroeconomic effect of housing prices in South Africa

Habanabakize, Thomas; Dickason-Koekemoer, Zandri

doi:10.1080/23322039.2022.2054525

Cited by 3 publications

(2 citation statements)

References 20 publications

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“…Mahmoudinia and Mostolizadeh (2022) identified asymmetric short-and long-run effects of the stock market and a long-run effect of the real exchange rate on housing prices in Iran using the NARDL model. By applying Granger causality, Habanabakize and Dickason (2022) found a significant effect of inflation, interest rates, rents, and political risk on housing prices in both the short and long run in South Africa. In addition, Michail and Koursaros (2022) suggested that interest rates, inflation, investment, and housing prices had an impact on the credit standing of banks in Cyprus.…”

Section: Literature Reviewmentioning

confidence: 99%

The asymmetric impact of macroeconomic variables on Islamic bank home financing in Indonesia

Fakhrunnas,

Chowdhury,

Anto

2023

J. Eko. Keu. Isl.

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Purpose – The study investigates the performance of non-performing financing (NPF) in the housing sector concerning the asymmetric influence of macroeconomic conditions. Methodology – The method of the study adopts nonlinear autoregressive distributed lag (NARDL), while the data of the study ranges from 2014m6 to 2022m2.Finding – The findings reveal an asymmetric relationship between macroeconomic variables and NPF is present both in the short and long run. In addition, the COVID-19 has worsened the NPF of Islamic banks' home financing in some sectors in the short run, while only such financing in the flat and apartment market has suffered during the pandemic in the long run.Implication – The implication of the study suggests that the Islamic banking industry and financial authority need robust risk management and financial policies, respectively, to achieve and maintain the stability of Islamic banks in home financing activities. Originality – The study is original in measuring the impact of macroeconomic influences on Islamic banks' home financing from a nonlinear viewpoint.

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Section: Literature Reviewmentioning

confidence: 99%

The asymmetric impact of macroeconomic variables on Islamic bank home financing in Indonesia

Fakhrunnas,

Chowdhury,

Anto

2023

J. Eko. Keu. Isl.

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“…Before conducting an econometric analysis, it is important to establish whether the variables under consideration are stationary or not. The significance of stationarity or unit root test is that the use of nonstationary series results in spurious regression which yields false interpretations and erroneous recommendations (Habanabakize & Dickason, 2022). There exist various approaches used in testing the stationarity of a given set of series.…”

Section: Unit Root Testmentioning

confidence: 99%

Assessing the effect of education levels on economic growth in South Africa

Molaodi

2022

IJRBS

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Education is generally considered to be the core source of individuals’ better life and countries' economic and social development. Consequently, attending university and getting high qualifications are perceived as tools that generate and enhance economic growth. The current study aimed to analyse the effect of various educational levels on South African economic growth. The study employed quarterly data from 1995Q1 to 2021Q4. The autoregressive distributed lag (ARDL) model was employed to assess both long-run and short-run relationships among variables. The long-run results revealed that people who completed their grade 12 (with matric certificate) and bachelor's degrees contribute positively to South African economic growth. However, honours and higher degrees (master's and PhD) were found to have an inverse relationship with economic growth in South Africa. On the other hand, the short-run relationship indicated that all education levels contribute to economic growth in the short term. Based on these findings, the author suggests that the South African higher education curriculum should be revised as the negative effect of high education towards economic growth should be resulting in growing unemployment and graduates waiting to be employed rather than creating jobs themselves. Additionally, increasing job creation for graduates with higher qualifications would reduce the number of graduates that leave the country looking for employment abroad.

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Economic fundamentals and house prices in Namibia: comparative evidence from real and interpolated data

Kwakye,

Chan

2024

IJHMA

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Purpose The primary aim of this paper is to concurrently use the data types to enhance econometric analysis in the housing market in developing countries, particularly Namibia. Design/methodology/approach Scholarly discussions on econometric analysis in the housing market in sub-Saharan Africa suggest that the inadequacy of time series data has impeded studies of such nature in the region. Hence, this paper aims to comparatively analyse the impact of economic fundamentals on house prices in Namibia using real and interpolated data from 1990 to 2021 supported by the ARDL model. Findings It was discovered that in all the three types of data house prices were affected by fundamentals except real GDP in the long term. It was also noted that there were not much significant variations between the real data and the interpolated data frequencies. However, the results of the annual data and the semi-annual interpolated data were more analogously comparable to the quarterly interpolated data Practical implications It is suggested that the adoption of interpolated data frequency type should be based on the statistical significance of the result. In addition, the need to monitor the nexus of the housing market and fundamentals is necessary for stable and sustainable housing market for enhanced policy direction and prudent property investment decision. Originality/value The study pioneer to concurrently use the data types to enhance econometric analysis in the housing market in developing countries.

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Political risk and macroeconomic effect of housing prices in South Africa

Cited by 3 publications

References 20 publications

The asymmetric impact of macroeconomic variables on Islamic bank home financing in Indonesia

The asymmetric impact of macroeconomic variables on Islamic bank home financing in Indonesia

Assessing the effect of education levels on economic growth in South Africa

Economic fundamentals and house prices in Namibia: comparative evidence from real and interpolated data

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