Will the housing wealth effect compensate the macro-economy? Evidence from Taiwan’s domestic consumption

Will the housing wealth effect compensate the macro-economy? Evidence from Taiwan’s domestic consumption

This paper examines the relationship between the escalation in housing prices and categories of Taiwan’s domestic consumption. While disposable income remains constant, a rapid escalation in housing prices should have a negative impact on unaffordability within society. However, under the hypothesi...

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Bibliographic Details
Main Authors: Hong-Jhong Cheng, Nan-Yu Wang, Chien-Wen Peng, Chih-Jen Huang
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2020-04-01
Series:International Journal of Strategic Property Management
Subjects:
housing wealth effect
housing prices
GDP
domestic consumption
Online Access:https://journals.vgtu.lt/index.php/IJSPM/article/view/12169

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