Articles liés à Non-linear Causality between the Stock and Real Estate...

Non-linear Causality between the Stock and Real Estate Markets: Of China and Western European Countries - Couverture souple

Su, Chi Wei

 
9783659336850: Non-linear Causality between the Stock and Real Estate Markets: Of China and Western European Countries

Synopsis

Over the last few years, the relationship between real estate and stock markets has always been the hot topic not only in China, but also in western countries. The identification of such relationship is critical for both investors in these two markets and policymakers who need such information prior the designing of a national growth strategy. Traditional linear methods, such as Granger causality test and cointegration test, are already found not capable to catch the essence of the complex reality. Therefore, this book uses the asymmetrical threshold cointegration test and the non-parametric rank test to investigate whether any significant relationship and asymmetric adjustment exists between real estate and stock markets in China and Western European countries. This book should help shed light on the study of economic events, and also is useful to anyone who is interested in the application of econometric methods.

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