Business, Management and Accounting
3 years ago

Household debt in Malaysia soars due to economic growth and high living standards.

2 views
Macroeconomic factors that influence household debt in Malaysia: Evidence from year 2006 to 2016 / Nurul Atika Noor Halim
Noor Hafizah Abdul Halim, Nurul Atika

Paper Summary

Household debt in Malaysia has been increasing due to higher income levels and living standards. Factors like base lending rate, house prices, GDP, unemployment rate, and consumer prices all play a role in this trend. Data from 2006 to 2016 shows a significant relationship between these factors and household debt.

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