English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 100435/131260 (77%)
Visitors : 37362045      Online Users : 9
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    政大機構典藏 > 商學院 > 財務管理學系 > 期刊論文 >  Item 140.119/71556
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/71556

    Title: An Analysis of the Trend and Cyclical Behaviours of House Prices in the Asian Markets
    Authors: 陳明吉
    Chen, Ming-Chi;Yuichiro Kawaguchi;Kanak Patel
    Contributors: 財管系
    Keywords: Property;Prices;Structural systems;Time series analysis;Asian studies
    Date: 2004
    Issue Date: 2014-11-19 15:52:44 (UTC+8)
    Abstract: This paper examines the time‐series behaviour of house prices for the four Asian markets, namely, Hong Kong, Singapore, Tokyo and Taipei, by using structural time‐series methodology. The paper assumes two types of trend models to characterise and compare the long‐run movement of house prices. It also examines the cyclical pattern hidden in the series. The long‐run trend rate in these markets ranged between approximately 1.6 and 3.2 per cent per annum. Hong Kong, Singapore and Taipei have relatively higher figures, which could be expected in light of the rapidly growing economies. Surprisingly, their cyclical patterns were fairly similar, although causes of the cycles differed. The markets were found to have stochastic cycles of around one year, two to four years and seven to ten years, which were consistent with previous findings on real business cycles commonly observed internationally in other macroeconomic time series. However, the found stochastic nature suggests all these markets are not in a steady state and is still changing.
    Relation: Journal of Property Investment and Finance, 22(1), 55-75
    Data Type: article
    Appears in Collections:[財務管理學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    55-75.pdf483KbAdobe PDF993View/Open

    All items in 政大典藏 are protected by copyright, with all rights reserved.

    社群 sharing

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback