References
- Ambrose , B. W. , Ancel , E. and Griffiths , M. D. 1992 . The fractal structure of real estate investment trust returns: the search for evidence of market segmentation and nonlinear dependency . Real Estate Economics , 20 ( 1 ) : 25 – 54 . doi:10.1111/1540–6229.00571
- Baek , E. and Brock , W. 1992 . “ A general test for nonlinear Granger causality ” . In Working Paper , Madison : Iowa State University and University of Wisconsin .
- Chen , N. K. 2001 . Asset price fluctuations in Taiwan: evidence from stock and real estate prices 1973 to 1992 . Journal of Asian Economics , 12 ( 2 ) : 215 – 232 . doi:10.1016/S1049–0078(01)00083–5
- Eichholtz , P. M. A. and Hartzell , D. J. 1996 . Property shares, appraisals and the stock market: an international perspective . Journal of Real Estate Finance and Economics , 12 ( 2 ) : 163 – 178 . doi:10.1007/Bf00132265
- Engle , R. F. and Granger , C. W. J. 1987 . Co-integration and error correction: representation, estimation, and testing . Econometrica , 55 ( 2 ) : 251 – 276 . doi:10.2307/1913236
- Fu , Y. and Ng , L. K. 2001 . Market efficiency and return statistics: evidence from real estate and stock markets using a present-value approach . Real Estate Economics , 29 ( 2 ) : 227 – 250 . doi:10.1111/1080–8620.00009
- Gyourko , J. and Keim , D. B. 1992 . What does the stock market tell us about real estate returns? . Real Estate Economics , 20 ( 3 ) : 457 – 485 . doi:10.1111/1540–6229.00591
- Hui , E. C. M. , Lau , O. M. F. and Lo , K. K. 2009 . a fuzzy decision-making approach for portfolio management with direct real estate E. c. m. Hui et al. investment . International Journal of Strategic Property management , 13 ( 2 ) : 191 – 204 . doi:10.3846/1648–715X.2009.13.191–204
- Hui , E. C. M. and Ng , I. M. H. 2009 . Price discovery of property markets in Shenzhen and Hong Kong . construction management and Economics , 27 ( 12 ) : 1175 – 1196 . doi:10.1080/01446190903365640
- Hui , E. C. M. and Gu , Q. 2009 . Study of Guangzhou house price bubble based on state-space model . International Journal of Strategic Property management , 13 ( 4 ) : 287 – 298 . doi:10.3846/1648–715X.2009.13.287–298
- Hui , E. C. M. and Shen , Y. 2006 . Housing price bubbles in Hong Kong, Beijing and Shanghai: a comparative study . Journal of Real Estate Finance and Economics , 33 ( 4 ) : 299 – 327 . doi:10.1007/s11146–006-0335–2
- Ibbotson , R. G. and Siegel , L. B. 1984 . Real estatereturns: a comparison with other investments . Real Estate Economics , 12 ( 3 ) : 219 – 242 . doi:10.1111/1540–6229.00320
- Johansen , S. 1988 . Statistical analysis of cointegration vectors . Journal of Economic Dynamics and control , 12 ( 2–3 ) : 231 – 254 . doi:10.1016/0165–1889(88)90041–3
- Kapopoulos , P. and Siokis , F. 2005 . Stock and real estate price in Greece: wealth versus ‘credit-price’ effect . Applied Economics Letters , 12 ( 2 ) : 125 – 128 . doi:10.1080/1350485042000307107
- Markowitz , H. 1952 . Portfolio selection . Journal of Finance , 7 ( 1 ) : 77 – 91 . doi:10.2307/2975974
- Newell , G. and Chau , K. W. 1996 . linkages between direct and indirect property performance in santrauka Hong Kong . Journal of Property Finance , 7 ( 4 ) : 9 – 29 . doi:10.1108/09588689610152363
- Nigro , H. O. , Císaro , S. E. G. and Xodo , D. H. 2007 . Data mining with ontologies: implementations, findings, and frameworks , IGI Global .
- Okunev , J. and Wilson , P. J. 1997 . Using nonlinear tests to examine integration between real estate and equity markets . Real Estate Economics , 25 ( 3 ) : 487 – 503 . doi:10.1111/1540–6229.00724
- Okunev , J. , Wilson , P. and Zurbruegg , R. 2000 . The causal relationship between real estate and stock markets . Journal of Real Estate Finance and Economics , 21 ( 3 ) : 251 – 261 . doi:10.1023/a:1012051719424
- Quan , D. C. and Titman , S. 1999 . Do real estate prices and stock prices move together?An international analysis . Real Estate Economics , 27 ( 2 ) : 183 – 207 . doi:10.1111/1540–6229.00771
- Sim , S. H. and Chang , B. K. 2006 . Stock and real estate markets in Korea: wealth or credit-price effect . Journal of Economic Research , 11 ( 1 ) : 99 – 122 .
- Tse , R. Y. C. 2001 . Impact of property prices on stock prices in Hong Kong . Review of Pacific basin Financial markets and Policies , 4 ( 1 ) : 29 – 43 . doi:10.1142/S0219091501000309
- Worzala , E. and Vandell , K. 1993 . “ International direct real estate investments as alternative portfolio assets for institutional investors: an evaluation ” . In Paper presented at the AREUEA meetings , CA, , USA : Anaheim .