The Integration of Residential Real Estate Market and Stock Market: Assessment Using the ARDL Approach
DOI:
https://doi.org/10.66674/a302w002Keywords:
Residential real estate market, cointegration analysis, stock market, autoregressive distributed lagAbstract
This paper examines the long-run and short-run relationship between residential real estate market and stock market in Malaysia during the period 1988-2004. Using the autoregressive distributed lag (ARDL) cointegration procedure gave results that suggest that the residential real estate and stock market are segmented. This would indicate that investors could diversify their portfolio by investing in the residential real estate and the stock market.
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Copyright (c) 2006 Nur Adiana Hiau Abdullah, Wong Woei Chyuan (Author)
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Authors retain copyright and grant Capital Markets Review the right of first publication. Articles are published under the Creative Commons Attribution 4.0 International (CC BY 4.0) licence: https://creativecommons.org/licenses/by/4.0/. This licence permits sharing and adaptation for any purpose, including commercial use, provided appropriate credit is given, a link to the licence is supplied and any changes are indicated. Third-party material excluded from the article's licence must be clearly identified, and authors are responsible for obtaining any required permission.
