Causal relationship between banking system development and real estate market

• DOI: 10.5267/j.msl.2019.8.017
• Publication Date: 2019-08-17T03:53:22Z
• Authors: My-Linh Thi Nguyen; Pham Thi Thanh Xuan; Toan Ngoc Bui
• Keywords: Economics and Econometrics; 05 social sciences; Banking system; 1. No poverty; Financial crisis; Social Sciences; HF5735-5746; Real estate; Financial system; Economics, Econometrics and Finance; ARDL; Vietnam; Business records management; 0502 economics and business; Business; Real estate market; Innovation Economics and Economic Development; Finance

This paper analyzes the causal relationship between banking system development and real estate market in Vietnam from 2004:Q3 to 2018:Q4, with use of autoregressive distributed lag (ARDL) model as analysis method.In Vietnam, there is no empirical study on this issue.Therefore, first evidence for Vietnam.The research results show that (measured through domestic credit private sector) had a positive both short long terms.In addition, found statistically significant impact global financial crisis which new discovery compared previous studies.