IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/124596.html
   My bibliography  Save this paper

More Evidence on the Relationship between the Stock and the Real Estate Market

Author

Listed:
  • Apergis, Nicholas
  • Lamprinidis, Lampros

Abstract

This study explores the relationship between the stock market and the real estate market. Through the methodologies of cointegration and the Error Correction modeling and data from both the US and the UK stock and the real estate markets over the period 1985 through 2006 the results display that the two markets are considered highly integrated. The empirical findings have implications for managing property assets fund managers, for the pricing efficiency within the real estate market, and for policy makers regarding economic safety.

Suggested Citation

  • Apergis, Nicholas & Lamprinidis, Lampros, 2007. "More Evidence on the Relationship between the Stock and the Real Estate Market," MPRA Paper 124596, University Library of Munich, Germany, revised 2011.
    • Handle: RePEc:pra:mprapa:124596
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/124596/2/MPRA_paper_124596.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    stock market; real estate market; cointegration and error correction modeling; US and UK market data;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:124596. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.