The urban poor residents in South Africa are over time known for imbalance and inadequate housing amidst recent concern of shock in food production. In studying this peculiar problem, this study investigates the cointegration and long-run equilibrium relationship of populationair max goaterra 2.0 air max goaterra 2.0 nike air max 97 gucci max white shoes nike air max 270 men’s cheap cheap jordans air max goaterra 2.0 max white shoes nike vapor max nike air jordan 14 nike jordan series 06 wmns air max 270 nike air jordan 1 mid se mens nike air max nike air max 97 gucci growth, crop production, and the housing price in the country. Empirically, a quarterly data from 1975:Q1 to 2015:Q4 is employed using the conventional Autoregressive Distributed Lag.
The investigation shows strong significant evidence of cointegration and a quarterly speed of adjustment of 17.2% to long run in the system. Also, as the population grows, a decline in house price index is experienced in the long run. Although unusual, adequate and sustainable housing plan, demand-supply dynamics, in respect to a country’s population expansion could posit observation.
But, in the short run, a strongly significant positive association is observed. It shows further that positively short-run and long-run relationships significantly exist between crop production and house price index. In reality, caution is essential in the introduction of land redistribution policy to avoid hampering the housing policies and 2030 housing target of the government.
