Authors : Ditthawat Sopitarpapong and Vichayanan Rattanawiboonsom
Abstract: The purpose of this research is to study the relationship between macroeconomic factor and condominium business growth in Thailand. This study used 70-quarter secondary data from the first quarter of 2000 to the second quarter of 2017. The data were then analyzed using linear regression (multiple regressions) and a software program to test the hypothesis and to test the relationship between independent variables and dependent variables. The factors that have been studied among 3 sectors: the gross domestic product, business sentiment index and real estate promotion policy in Thailand with the number of condominium registered by consumers from 2000 until second quarter of 2017 are related and different. Which factor measures have significant implications for the growth of the condominium business? The results show that only the gross domestic product to significantly and affect condominium growth at the statistical significance level of 0.01 and unaffected for business sentiment index because It may be just a point view of an entrepreneur to perception and belief. The last factor real estate promotion policy in Thailand unaffected too because promotion not align with economic cycle. This may not have the effect increasing condominium business in Thailand.
Ditthawat Sopitarpapong and Vichayanan Rattanawiboonsom, 2018. The Relationship Between Macroeconomic Factor and Condominium Business Growth in Thailand. Journal of Economics Theory, 12: 28-33.