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Testing for the Statistical Interrelationship between the Real Estate and the Stock Markets
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 Title & Authors
Testing for the Statistical Interrelationship between the Real Estate and the Stock Markets
Kim, Tae-Ho;
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As important markets have been closely connected in the opening and globalizing process, the instability in one market is increasingly possible to spread in other markets, which necessarily leads to careful investigations. In analyzing the short and the long run dynamics between the stock and the real estate markets, which are the two major investment options, this study conducts the statistical tests for the interrelationships between the two markets and the possibility of their substitution effect. In addition, the estimation results appear to be consistent with the simple causal relationship among the markets in the high interest rate period and the relatively complex relationship in the low interest rate period.
Real estate market;forecasting error;cointegration rank;
 Cited by
주가와 지역별 부동산가격 변동 간의 관계성 분석,장세웅;이상효;김재준;

대한건축학회논문집:계획계, 2010. vol.26. 3, pp.177-184
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