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The Impact of Recent Crisis on the Real Estate Market on the UAE: Evidence from Asymmetric Methods

Author

Listed:
  • Al-Mohana, Safa

    (College of Business and Economics, UAE University, Al Ain, UAE)

  • Hatemi-J, Abdulnasser

    (College of Business and Economics, UAE University, Al Ain, UAE)

Abstract

We explore empirically the impact of the world real estate crisis on the UAE real estate market. We consider the Global Financial Crisis (GFC) in our investigation. Besides the asymmetric causality test methods we also use recently developed asymmetric generalized impulse response functions and variance decompositions, which separate the effect of positive shocks from those of negative ones. The empirical results that this paper provides can be very informative and useful for both investors and policy makers. L’impatto della recente crisi sul mercato immobiliare degli Emirati Arabi Uniti: evidenze da metodi asimmetrici Questo studio analizza empiricamente l’impatto della crisi del mercato immobiliare mondiale – nel contesto della crisi finanziaria globale – sul mercato immobiliare degli Emirati Arabi. Oltre ai test di causalità asimmetrici, abbiamo anche sviluppato funzioni asimmetriche con risposta generalizzata ad impulso e decomposizioni di varianza, le quali separano gli effetti degli shock positivi da quelli degli shock negativi. I risultati empirici di questo studio possono essere molto informativi ed utili sia agli investitori che ai policy maker.

Suggested Citation

  • Al-Mohana, Safa & Hatemi-J, Abdulnasser, 2016. "The Impact of Recent Crisis on the Real Estate Market on the UAE: Evidence from Asymmetric Methods," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 69(4), pages 389-428.
    • Handle: RePEc:ris:ecoint:0787
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    References listed on IDEAS

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    Cited by:

    1. Hatemi-J, Abdulnasser, 2019. "The Causal Impact of Stock Market Development on Economic Development in the UAE: An Asymmetric Approach," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 72(2), pages 171-184.

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    More about this item

    Keywords

    Asymmetric Impacts; Real Estate Markets; Crisis; UAE;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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