131
Views
11
CrossRef citations to date
0
Altmetric
Research Articles

Direct Commercial Real Estate as an Inflation Hedge: Korean Evidence

&
Pages 187-203 | Published online: 18 Jun 2020

  • Brown, G.R. Property Investment and Capital Markets. London: E and F.N. Spon, 1991. Property Investment and Capital Markets
  • CBRE. Seoul: Office Market View. CB Richard Ellis Korea, Q4, 2010.
  • Chu, Y. and T.F. Sing. Inflation Hedging Characteristics of the Chinese Real Estate Market. Journal of Real Estate Portfolio Management, 2004, 10, 145-54. Inflation Hedging Characteristics of the Chinese Real Estate Market Journal of Real Estate Portfolio Management 10 145 54
  • Dickey, D.A. and W.A. Fuller. Distribution of the Estimators for Autoregressive Time Series with a Unit Root. Journal of the American Statistical Association, 1979, 74, 427-31. Distribution of the Estimators for Autoregressive Time Series with a Unit Root Journal of the American Statistical Association 74 427 31
  • Dickey, D.A. and W.A. Fuller. Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root. Econometrica, 1981, 49, 1057-72. Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root Econometrica 49 1057 72
  • Engle, R. Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of U.K. Inflation. Econometrica, 1982, 50, 987-1008. Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of U.K. Inflation Econometrica 50 987 1008
  • Engle, R. and C.W.J. Granger. Co-integration and an Error Correction: Representation, Estimation and Testing. Econometrica, 1987, 55, 251-76. Co-integration and an Error Correction: Representation, Estimation and Testing Econometrica 55 251 76
  • Fama, E.F. Short-term Interest Rates as Predictors of Inflation. American Economic Review, 1975, 65, 269-82. Short-term Interest Rates as Predictors of Inflation American Economic Review 65 269 82
  • Fama, E.F. and G.W. Schwert. Asset Returns and Inflation. Journal of Financial Economics, 1977, 5, 115-46. Asset Returns and Inflation Journal of Financial Economics 5 115 46
  • Fogler, H.R. 20 Percent in Real Estate: Can Theory Justify It? Journal of Portfolio Management, 1984, 6-13. 20 Percent in Real Estate: Can Theory Justify It? Journal of Portfolio Management 6 13
  • Gatzlaff, D.H. Excess Returns, Inflation and the Efficiency of the Housing. Real Estate Economics, 1994, 22, 553-81. Excess Returns, Inflation and the Efficiency of the Housing Real Estate Economics 22 553 81
  • Hamelink, F. and M. Hoesli. Swiss Real Estate as a Hedge against Inflation: New Evidence Using Hedonic and Autoregressive Models. Journal of Property Finance, 1996, 7:1, 33-49. Swiss Real Estate as a Hedge against Inflation: New Evidence Using Hedonic and Autoregressive Models Journal of Property Finance 7 33 49
  • Hartzell, D., J.S. Hekman, and M.E. Miles. Real Estate Returns and Inflation. Journal of the American Real Estate and Urban Economics Association, 1987, 15:1, 617-37. Real Estate Returns and Inflation Journal of the American Real Estate and Urban Economics Association 15 617 37
  • Hoesli, M.E. Real Estate as a Hedge against Inflation: Learning from the Swiss Case. Journal of Property Valuation & Investment, 1994, 12:3, 51-9. Real Estate as a Hedge against Inflation: Learning from the Swiss Case Journal of Property Valuation & Investment 12 51 9
  • Ito, T. Monetary Policy and Financial Stability: Is Inflation Targeting Passé? Asian Development Bank Economics Working Paper Series N. 206, 2010.
  • Le Moigne, C. and E. Viveiros. Private Real Estate as an Inflation Hedge: An Updated Look with a Global Perspective. Journal of Real Estate Portfolio Management, 2008, 14:4, 263-85. Private Real Estate as an Inflation Hedge: An Updated Look with a Global Perspective Journal of Real Estate Portfolio Management 14 263 85
  • Lee, S. and J. Cho. Study of the Cap Rate of Office Building according to the Investment Behavior. Journal of the Korea Real Estate Analysts Association, 2010, 16:4, 115-35. Study of the Cap Rate of Office Building according to the Investment Behavior Journal of the Korea Real Estate Analysts Association 16 115 35
  • Limmack, R.J. and C.W.R. Ward. Property Returns and Inflation. Real Estate Economics, 1988, 15:1, 617-37. Property Returns and Inflation Real Estate Economics 15 617 37
  • Liu, C.H., D.J. Hartzell, and M.E. Hoesli. International Evidence on Real Estate Securities as an Inflation Hedge. Real Estate Economics, 1997, 25:2, 193-221. International Evidence on Real Estate Securities as an Inflation Hedge Real Estate Economics 25 193 221
  • Newell, G. The Inflation Hedging Characteristics of Australian Commercial Property: 1984-1995. Journal of Property Finance, 1996, 7:1, 6-20. The Inflation Hedging Characteristics of Australian Commercial Property: 1984-1995 Journal of Property Finance 7 6 20
  • Saikkonen, P. Asymptotically Efficient Estimation of Cointegration Regressions. Econometric Theory, 1991, 7, 1-21. Asymptotically Efficient Estimation of Cointegration Regressions Econometric Theory 7 1 21
  • Stevenson, Simon, 2000, “A Long-Term Analysis of Regional Housing Markets and,” Journal of Housing Economics, 9, 24-39. A Long-Term Analysis of Regional Housing Markets and Journal of Housing Economics 9 24 39
  • Stevenson, Simon. Re-Examination of the Inflation-Hedging Ability of Real Estate Securities: Empirical Tests Using International Orthogonal and Hedged Data. International Real Estate Review, 2001, 4, 26-42. Re-Examination of the Inflation-Hedging Ability of Real Estate Securities: Empirical Tests Using International Orthogonal and Hedged Data International Real Estate Review 4 26 42
  • Stevenson, S. and L.C. Murray. An Examination of the Inflation Hedging Ability of Irish Real Estate. Journal of Real Estate Portfolio Management, 1999, 5:1, 59-69. An Examination of the Inflation Hedging Ability of Irish Real Estate Journal of Real Estate Portfolio Management 5 59 69
  • Stock, J.H. and M. Watson. A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems. Econometrica, 1993, 61, 783-820. A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems Econometrica 61 783 820
  • Tarbert, H. Is Commercial Property a Hedge against Inflation? A Cointegration Approach. Journal of Property Finance, 1996, 7, 77-98. Is Commercial Property a Hedge against Inflation? A Cointegration Approach Journal of Property Finance 7 77 98

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.