Integration between Real Estate Market and Stock Market:Evidence from Taiwan
學年 105
學期 1
出版(發表)日期 2017-01-01
作品名稱 Integration between Real Estate Market and Stock Market:Evidence from Taiwan
作品名稱(其他語言)
著者 Wang, Yih-Chang, Ran Huang, Chien-Chung Nieh, Hong-Kou Ou and Maochieh Chi
單位
出版者
著錄名稱、卷期、頁數 Proceedings of the 2017 IEEE International Conference on Applied System Innovation (IEEE-ICASI 2017)
摘要 This paper investigates long-run equilibrium relationship between real estate market and stock market in Taiwan using real estate investment trust (REIT) index. Linear cointegration model and recently developed time-varying vector error correction model are applied to explore possible long-run linear and non-linear linkage between the two indexes. The results of both the cointegration tests point to the existence of neither linear nor non-linear cointegration, suggesting that REIT markets are segmented from stock markets. These findings have important implication for investors and policy makers.
關鍵字 Indexes;Stock markets;Standards;Time series analysis;Electronic mail;Investment;Couplings
語言 en_US
ISSN
期刊性質 國外
收錄於
產學合作
通訊作者
審稿制度
國別 USA
公開徵稿
出版型式 ,紙本
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/111919 )