Industrial Real Estate Prices and Market Efficiency
This study employs a multivariate Granger-causality procedure to examine causal relationships between selected economic and financial variables and industrial real estate prices. Empirical results indicate that relationships between several of these variables' lagged values and current values of price exist. We also find a significant relationship between past and current prices.
Volume (Year): 8 (1993)
Issue (Month): 3 ()
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References listed on IDEAS
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- Karl E. Case & Robert J. Shiller, 1988.
"The Efficiency of the Market for Single-Family Homes,"
NBER Working Papers
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