| Analysis for the Reality of the CPI when Ignoring Some Financial Assets - Evidence from Taiwan | |
|---|---|
| 學年 | 101 |
| 學期 | 1 |
| 出版（發表）日期 | 2013-01-01 |
| 作品名稱 | Analysis for the Reality of the CPI when Ignoring Some Financial Assets - Evidence from Taiwan |
| 作品名稱（其他語言） | |
| 著者 | Nieh, Chien-Chung; Wu, Tsui-Huang; Cheng, Kuang-Cheng; Hsieh, Joyce |
| 單位 | 淡江大學財務金融學系 |
| 出版者 | Beverly Hills: West World Productions, Inc. |
| 著錄名稱、卷期、頁數 | Storage Management Solution 2013(1), pp.56-62 |
| 摘要 | This research attempts to judge the reality of the price index without incorporating the prices of stock and real estate and to analyze the efficiency of the diversification when investing in both assets of stock and real estate over the period of 1986Q1 to 2002Q3 in Taiwan by employing various multivariate VAR models. The empirical results first indicate that diversification by investing in both assets of stock and real estate is fruitless since the market is efficient. Granger causality tests provide us perceptual information that the price index without incorporating the prices of stock and real estate is spurious. Nonetheless, the formulating of a STECM is not necessary since the linear functional form is not violated in our examination. |
| 關鍵字 | Stock price; Real Estate Price; Consumer Price Index; ARDL; STECM |
| 語言 | en_US |
| ISSN | 2223-0491 |
| 期刊性質 | 國外 |
| 收錄於 | EI |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 是 |
| 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/987654321/92925 ) |
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