Property investment, construction and economic growth : the case of Malaysia

Chia, Fah Choy, Skitmore, Martin, Runeson, Goran, & Bridge, Adrian (2011) Property investment, construction and economic growth : the case of Malaysia. In The Asian Conference on Real Estate (ACRE 2011) : Sustainable Growth, Management Challenges, 3-5 October 2011, Thistle Johor Bahru, Malaysia. (Unpublished)

View at publisher


It is generally accepted that there is a close relationship between property investment and construction activity. The construction sector plays a crucial role in economic development, especially for a developing nation such as Malaysia. However, the volume of new properties added to the property market is only a fraction of the total volume of the property market. Is the conventional assumption of the relationship between property investment and construction supported by empirical data? This paper revisits the tripartite relationships between economic growths, property investment and construction activities with official Malaysian 2000Q1-2010Q4 quarterly time series data. The Granger causality tests are used to establish the causality runs from the GDP to the value of property transactions, and the growth of construction activities to GDP growth. The result is expected to be useful for policymakers and industrial practitioners in formulating industrial policies and corporate strategies.

Impact and interest:

Citation counts are sourced monthly from Scopus and Web of Science® citation databases.

These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.

Citations counts from the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.

Full-text downloads:

842 since deposited on 12 Feb 2012
28 in the past twelve months

Full-text downloads displays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.

ID Code: 48558
Item Type: Conference Paper
Refereed: Yes
Keywords: Property Investment, Construction Activity, Economic Growth, Developing Nations
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > BUILDING (120200) > Quantity Surveying (120203)
Divisions: Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2011 The Authors
Deposited On: 12 Feb 2012 22:53
Last Modified: 14 Feb 2012 11:25

Export: EndNote | Dublin Core | BibTeX

Repository Staff Only: item control page