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https://scholarbank.nus.edu.sg/handle/10635/46165
DC Field | Value | |
---|---|---|
dc.title | Inflation hedging characteristics of the Chinese real estate market | |
dc.contributor.author | Chu, Y. | |
dc.contributor.author | Sing, T.F. | |
dc.date.accessioned | 2013-10-14T05:09:32Z | |
dc.date.available | 2013-10-14T05:09:32Z | |
dc.date.issued | 2004 | |
dc.identifier.citation | Chu, Y.,Sing, T.F. (2004). Inflation hedging characteristics of the Chinese real estate market. Journal of Real Estate Portfolio Management 10 (2) : 145-154. ScholarBank@NUS Repository. | |
dc.identifier.issn | 10835547 | |
dc.identifier.uri | http://scholarbank.nus.edu.sg/handle/10635/46165 | |
dc.description.abstract | The Chinese real estate market has been experiencing rapid growth and transformation over the last few years. This paper tested the short-term inflation hedging characteristics of real estate markets in four major cities in China: Beijing, Chengdu, Shanghai and Shenzhen, using Autoregressive Integrated Moving Average models. The model restriction was relaxed by adding two macroeconomic factors: real GDP growth and real stock market return. The long-term relationship and causality between the real estate returns and inflation were also tested using country-level aggregate data. The results show no evidence of long-term hedging ability. However, the causality test shows that there is a significant unidirectional causality from the inflation to the real estate return. | |
dc.source | Scopus | |
dc.type | Article | |
dc.contributor.department | REAL ESTATE | |
dc.description.sourcetitle | Journal of Real Estate Portfolio Management | |
dc.description.volume | 10 | |
dc.description.issue | 2 | |
dc.description.page | 145-154 | |
dc.identifier.isiut | NOT_IN_WOS | |
Appears in Collections: | Staff Publications |
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