POLITICAL INSTABILITY, PROPERTY INVESTMENT, AND ECONOMIC GROWTH: ARE THEY INTER-RELATED? AN EMPIRICAL STUDY IN MALAYSIA

The main objective of the current study is to explore the effect of political unrest or instability on property investment and the economic growth of Malaysia. This study used an Autoregressive Distributed Lag (ARDL) technique to observe the short and long-term association of the proposed model. The outcomes of this study are varied for each model. First, there appears to be no long-term association between political instability (PI), property investment (PT), and economic growth (GDP). Second, there is a long-term inverse correlation between PI and PT; and GDP is significantly and positively correlated with PT. Finally, there is a long-term correlation between GDP, PI, and PT.