As the price level soars up, it become more important to study the dynamic relation between stock prices, price indices. In this paper we suspect that property stocks serve as tools of anti-inflation and examine whether there exists a positive correlation between the prices of property
stocks and price indices, such as the Rent Index, CPI, and WPI. Our results confirm the positive correlation between the prices of property stocks and the price indices. More precisely, it is revealed by applying VAR and the impulse response analysis that the positive correlation between the prices of property stocks and CPI/WPI in the short run.
Using the cointegration analysis, we detect the long-run relation between the prices of property stocks and the Rent Index.
| Identifer | oai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0814112-043159 |
| Date | 14 August 2012 |
| Creators | Hsu, Hua-wen |
| Contributors | Yung-nian Tung, Chun-chieh Wang, Cheng-shan Liu |
| Publisher | NSYSU |
| Source Sets | NSYSU Electronic Thesis and Dissertation Archive |
| Language | Cholon |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0814112-043159 |
| Rights | user_define, Copyright information available at source archive |
Page generated in 0.0017 seconds