dc.contributor.author |
Chang, Tsangyao
|
|
dc.contributor.author |
Simo-Kengne, Beatrice Desiree
|
|
dc.contributor.author |
Gupta, Rangan
|
|
dc.date.accessioned |
2015-07-04T07:34:54Z |
|
dc.date.available |
2015-07-04T07:34:54Z |
|
dc.date.issued |
2014-04 |
|
dc.description.abstract |
This paper analyses the causal relationship between housing activity and growth in nine provinces of South Africa for the period 1995-2011, using panel causality analysis, which accounts for cross-section dependency and heterogeneity across provinces. Our empirical results support unidirectional causality running from housing activity to economic growth for most of the provinces studied; bi-directional causality between housing activity and economic growth for Gauteng; and no causality in any direction between housing activity to economic growth in Eastern Cape and KwaZulu-Natal. Our findings provide important insights for housing policies and strategies for South Africa. Specifically, housing sector might be an efficient growth-led instrument for all the provinces except Eastern Cape and KwaZulu-Natal. |
en_ZA |
dc.description.librarian |
hb2015 |
en_ZA |
dc.description.uri |
http://www.inderscience.com/jhome.php?jcode=IJSE |
en_ZA |
dc.identifier.citation |
Chang, T, Simo-Kengne, BD & Gupta, R 2014, 'The causal relationship between house prices and growth in the nine provinces of South Africa : evidence from panel Granger causality tests', International Journal of Sustainable Economy, vol. 6, no. 4, pp. 345-358. |
en_ZA |
dc.identifier.issn |
1756-5804 (print) |
|
dc.identifier.issn |
1756-5812 (online) |
|
dc.identifier.other |
10.1504/IJSE.2014.065389 |
|
dc.identifier.uri |
http://hdl.handle.net/2263/46294 |
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dc.language.iso |
en |
en_ZA |
dc.publisher |
Inderscience |
en_ZA |
dc.rights |
© 2014 Inderscience Enterprises Ltd. |
en_ZA |
dc.subject |
House prices |
en_ZA |
dc.subject |
Economic growth |
en_ZA |
dc.subject |
Dependency and heterogeneity |
en_ZA |
dc.subject |
Panel causality test |
en_ZA |
dc.subject |
South Africa (SA) |
en_ZA |
dc.title |
The causal relationship between house prices and growth in the nine provinces of South Africa : evidence from panel Granger causality tests |
en_ZA |
dc.type |
Postprint Article |
en_ZA |