Please use this identifier to cite or link to this item: https://doi.org/10.1080/09603100500390885
DC FieldValue
dc.titleDynamic relationship between stock and property markets
dc.contributor.authorLiow, K.H.
dc.date.accessioned2013-10-14T05:08:27Z
dc.date.available2013-10-14T05:08:27Z
dc.date.issued2006
dc.identifier.citationLiow, K.H. (2006). Dynamic relationship between stock and property markets. Applied Financial Economics 16 (5) : 371-376. ScholarBank@NUS Repository. <a href="https://doi.org/10.1080/09603100500390885" target="_blank">https://doi.org/10.1080/09603100500390885</a>
dc.identifier.issn09603107
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/46123
dc.description.abstractThis paper investigates the long-run and short term relationships between stock and property markets. Focus is on the combined and relative impacts of a real estate system that comprises residential and office property prices on general stock market prices. Using Autoregressive Distributed Lag (ARDL) cointegration procedure, a long-run contemporaneous relationship is found between the stock and property prices. Additionally, both the long-run and short-term influences of the combined residential and office property prices on the stock market prices weakened after controlling for changes in the macroeconomic influences. Whilst the stock market prices are largely influenced by the office property prices in the long run; the residential property prices impact stronger on the stock market prices in the short-term. Thus the combined perspective has significant implications in mixed asset allocation that includes stock and property investments. © 2006 Taylor &amp; Francis.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1080/09603100500390885
dc.sourceScopus
dc.typeArticle
dc.contributor.departmentREAL ESTATE
dc.description.doi10.1080/09603100500390885
dc.description.sourcetitleApplied Financial Economics
dc.description.volume16
dc.description.issue5
dc.description.page371-376
dc.identifier.isiutNOT_IN_WOS
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