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Institutional Element in Malaysia Housing Industry

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Institutional Element in Malaysia Housing Industry


Mohd Azwanfadzli Deris | Nurul Munazzah Sadikin

https://doi.org/10.31142/ijtsrd19135



Mohd Azwanfadzli Deris | Nurul Munazzah Sadikin "Institutional Element in Malaysia Housing Industry" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | International Conference on Advanced Engineering and Information Technology, November 2018, pp.185-190, URL: https://www.ijtsrd.com/papers/ijtsrd19135.pdf

Institutional economic theory stresses the influence of human behavior and regulations in economic environment. Human behavior including interaction with other parties or agent, regulation and policy created by government will put the economy in its own situation. Therefore, this theory is able to describe the economic environment in a broaden aspect and not only see it as the system that will operate independently base on demand and supply. Institutional theory is commonly applied in land development process but rarely address in housing industry. Therefore, this paper attempted to address housing industry base on institutional theory perspective. Several institutional elements are indicate in Malaysia housing industry base on work by Omar [2001] and the setting of these element is stress in Malaysia housing industry. There are three element of institution such as formal and informal rule; technology and interaction between agents in housing industry that influence the behavior of developer in housing industry.

Institutionalism, construction industry, housing industry


IJTSRD19135
Special Issue | International Conference on Advanced Engineering and Information Technology, November 2018
185-190
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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