In Search of Housing Bubble in Bangladesh
Author:
Md. Abdullah Al Jamil, Kakoly Parvin & Md. Awlad Hossain
Abstract
Housing bubble, in the recent past, has shattered the US economy and rendered the global economies vulnerable. Though the tremor of the subsequent global recession did not strike the housing market in Bangladesh so vehemently, Bangladesh Bank in 2011 cautioned of the existence of a bubble in the country’s housing sector and an ensuing painful crash thereof. The fear is still not over as the supposed bubble did not burst yet. The present paper is meant to probe into the housing market of Bangladesh regarding the existence of bubbles. The paper tests hypotheses using the t-distribution at various significance levels. The data collected from a small sample (below 30) of housing companies in Dhaka city and finds that the price of housing grew significantly more relative to other products in the area. The study confines itself within the housing for the middle class; upper or lower class homes are out of its realm. It is anticipated that the findings will be functional to understand concerning the existence of housing bubble in the financial market of Bangladesh.
Key words: Housing bubble, asset bubble, t-distribution, real estate business, Bangladesh
| Title: | In Search of Housing Bubble in Bangladesh |
|---|---|
| Authors: |
Md. Abdullah Al Jamil, Kakoly Parvin & Md. Awlad Hossain |
| Journal Name: | International Journal of Science and Business |
| Website: | ijsab.com |
| ISSN: | ISSN 2520-4750 (Online), ISSN 2521-3040 (Print) |
| DOI: | https://doi.org/10.5281/zenodo.1322063 |
| Media: | Online and Print |
| Volume: | 2 |
| Issue: | 3 |
| Acceptance Date: | 24/07/2018 |
| Date of Publication: | 26/07/2018 |
| PDF URL: | https://ijsab.com/wp-content/uploads/259.pdf |
| Free download: | Available |
| Page: | 403-409 |
| First Page: | 403 |
| Last Page: | 409 |
Cite This Article:
Jamil, M. A. A. Parvin, K. & Hossain, M. A. (2018). In Search of Housing Bubble in Bangladesh. International Journal of Science and Business, 2(3), 403-409. doi: https://doi.org/10.5281/zenodo.1322063
Retrieved from https://ijsab.com/wp-content/uploads/259.pdf (Inactive now)
About Authors
Md. Abdullah Al Jamil, (Corresponding Author), Assistant Professor, Department of Marketing, Comilla University, Comilla, Bangladesh.
Kakoly Parvin, Teacher, Oxford International School, Dhanmondi 27 (Old), Dhaka, Bangladesh
Md. Awlad Hossain, Lecturer, Department of Marketing, Comilla University, Comilla, Bangladesh.
DOI: https://doi.org/10.5281/zenodo.1322063