![](/images/graphics-bg.png)
The relationship between macroeconomic variables and housing prices in Saudi Arabia using vector auto-regression analysis
المؤلفون المشاركون
Ahmad, Dirar al-Mahi al-Ubayd
Muhammad, Khalid Abd al-Aziz Hasan
المصدر
Rihan Journal for Science Publishing
العدد
المجلد 2022، العدد 20 (28 فبراير/شباط 2022)، ص ص. 18-42، 25ص.
الناشر
تاريخ النشر
2022-02-28
دولة النشر
سوريا
عدد الصفحات
25
التخصصات الرئيسية
الملخص EN
This paper examined how housing prices were determined by some macroeconomic factors in Saudi Arabia.
Variables used are Gross Domestic Product Per capita (GDPP), Consumer Prices Index (CPI), and Unemployment Rate (UNEMP).
Quarterly data for a period (2014q1 – 2019q4) were collected from publications of Saudi Arabian Monetary Authority (SAMA).
The paper followed a descriptive analytical method in which Vector Auto-Regression Analysis (VAR) is employed to capture the dynamic effect of the variables on housing prices.
Granger Causality, Variance Decomposition and Impulse response function were also used.
The results showed that housing prices were insignificantly and positively related to GDPP, whereas it was negatively related to both (CPI & UNEMP).
Only CPI had a significant relationship.
The three variables, jointly, had Granger causality on HPI.
Variance decompositions reflected that CPI was the variable with the highest explanatory power over the variation of housing prices, followed by GDPP and the UNEMP respectively indicating that CPI was the most influential determinants for housing prices.
The findings suggested that Saudi authorities need to pay close attention to the effect of CPI on housing investment, and in view of the relatively large share of that sector, on overall growth.
Finally, the paper expects that the results would provide awareness into the relation between housing investment and macroeconomic indicators in other developing countries.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Ahmad, Dirar al-Mahi al-Ubayd& Muhammad, Khalid Abd al-Aziz Hasan. 2022. The relationship between macroeconomic variables and housing prices in Saudi Arabia using vector auto-regression analysis. Rihan Journal for Science Publishing،Vol. 2022, no. 20, pp.18-42.
https://search.emarefa.net/detail/BIM-1430434
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Ahmad, Dirar al-Mahi al-Ubayd& Muhammad, Khalid Abd al-Aziz Hasan. The relationship between macroeconomic variables and housing prices in Saudi Arabia using vector auto-regression analysis. Rihan Journal for Science Publishing No. 20 (Feb. 2022), pp.18-42.
https://search.emarefa.net/detail/BIM-1430434
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Ahmad, Dirar al-Mahi al-Ubayd& Muhammad, Khalid Abd al-Aziz Hasan. The relationship between macroeconomic variables and housing prices in Saudi Arabia using vector auto-regression analysis. Rihan Journal for Science Publishing. 2022. Vol. 2022, no. 20, pp.18-42.
https://search.emarefa.net/detail/BIM-1430434
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references : p. 39-42
رقم السجل
BIM-1430434
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
![](/images/ebook-kashef.png)
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر
![](/images/kashef-image.png)