This study examines the effects of population, unemployment rate, construction costs, income per capita, and interest rates on housing prices using annual data from 1990 to 2024. Adopting time series econometric analyses, including stationarity, the ARDL model, VAR, Granger causality and dynamic estimation of VDC and IRF. The results confirm a long-run equilibrium relationship between housing prices and the selected macroeconomic variables. Income per capita and construction costs positively influence housing prices, whereas interest rates have a significant negative effect. In the short run, only income per capita is significant. The findings provide important policy insights for improving housing affordability through sustainable income growth, prudent monetary policy, and efficient housing development. Future studies should incorporate regional and institutional factors to better explain housing price dynamics.
Fluctuations in asset prices significantly influence the allocation of wealth across different income groups and regions. This study examines the influence of income groups, stock market investments, and various macroeconomic factors on housing prices in different regions of Türkiye from 2015 to 2024, utilising data so...
Gökhan Övenç, Y. Yıldırım· Journal of Economic Policy R...· 0 citations
This study investigates the dynamic interactions among macroeconomic variables, housing market policies, and market sentiment and their relationships with apartment prices in Seoul. Using monthly time-series data from July 2011 to December 2025, the analysis draws on the apartment price index provided by the Korea Real...
Inch Km, Young Woo Nam· Korean Association for Housi...· 0 citations
This study explores the drivers of income inequality using crude oil prices, consumer prices, economic development, trade openness, unemployment, and human capital as predictors. Despite a lot of research conducted on income inequality, there have been very few studies capable of simultaneously analysing the influence...
This study aims to examine whether housing price cycles in 16 developing and emerging economies reflect herd behaviour.
This study used annual panel data from 2005 to 2023 sourced from the Bank for International Settlements and the World Bank’s World Development Indicators. The main model uses real housing p...
Ezekiel Davies, Francis Dogbe, P. D. Agorsor· International Journal of Hou...· 0 citations
Unemployment remains a major concern in the Philippines despite periods of sustained economic growth. This study examines the macroeconomic determinants of unemployment in the Philippines from 1996 to 2025 by analyzing the effects of GDP growth rate, inflation rate, trade openness, foreign direct investment (FDI) net i...
Michael Angelo V. Mortel, Shaine Russelle A. Aga, Clarissa Mae M. Roque et al.· International Journal of Mul...· 0 citations
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