| 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 | 否 |
| 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 ) |
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