Volume 4, Issue 3 (9-2023)
JFCV 2023, 4(3): 1-14 |
Back to browse issues page
Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
aleemran R, aleemran S A. Study the Effect of Exchange Rate Volatility on House Price in Iran (Exponential GARCH and Quantile Regression Approach). JFCV 2023; 4 (3) : 1
URL: http://jvfc.ir/article-1-230-en.html
URL: http://jvfc.ir/article-1-230-en.html
1- Associate Professor, Department of Economics, Tabriz Branch, Islamic Azad University, Tabriz, Iran , roya.aleemran@gmail.com
2- Ph.D. in Economics, Department of Economic Development and Planning, Faculty of Economics and Management, University of Tabriz, Tabriz, Iran
2- Ph.D. in Economics, Department of Economic Development and Planning, Faculty of Economics and Management, University of Tabriz, Tabriz, Iran
Abstract: (982 Views)
Housing is one of the fundamental human needs. Accordingly to Maslov’s hierarchy of needs, housing as a physiological and basic need, set the stage for other needs for safety and survival, social relation, self-esteem and self-actualizution. Fulfilling a wide range of needs with housing, means that housing market can influence the behavior of individuals as well as the entire society. Given that, the housing market is linked to the entire economy of a country, it is therefore considered a very important market. On the other hand, various studies show that the exchange rate is a key variable that failure to pay attention to proper management can create problems for the economy of any country in various dimensions. So that Iran’s economy is no exception. Accordingly, the objective of this research is studing the effect of exchange rate volatility on house price in Iran from first quarter of 2006 to fourth quarter of 2019. The method of collecting research data is the library research method and to study the research topic, first the exchange rate volatility is estimated using the exponential GARCH Model and then the effect of exchange rate volatility on house price is investigated using the quantile regression method. The result indicate that, exchange rate volatility has a significant negative impact on house price and interaction effect of exchange rate volatility and inflation on house price is significant positive.
Article number: 1
Keywords: House Price, Exchange Rate Volatility, EGARCH Model, Quantile Regression, Quantile Regression
Type of Study: Research |
Subject:
Geography and Urban Planning
Received: 2023/01/24 | Accepted: 2023/07/18
Received: 2023/01/24 | Accepted: 2023/07/18
Send email to the article author
| Rights and permissions | |
 |
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. |
