Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5058903 | Economics Letters | 2014 | 4 Pages |
Abstract
The causality between the real estate and stock markets of China remains a mystery in the literature. This paper investigates the non-linear causal relationship between real estate property and stock returns in China from the perspective of conditional quantiles. The results of the quantile causality test suggest a significant causal relationship between these two markets, especially in the tail quantile.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Haoyuan Ding, Terence Tai-leung Chong, Sung Y. Park,