Proceedings of the 2014 International Conference on Global Economy, Finance and Humanities Research

Analysis of the Interaction between China's Real Estate and Stock Market through Co-integration Test

Authors
Huawei Liu
Corresponding Author
Huawei Liu
Available Online March 2014.
DOI
10.2991/gefhr-14.2014.71How to use a DOI?
Keywords
Stock Market, Real Estate Market, Co-Integration Relationship
Abstract

This paper analyzed the transmission mechanism of the interaction between the real estate market and stock market. The real estate and stock markets showed a certain positive interaction through credit expansion effect and the wealth effect. And to some extent, the conduction effects of macroeconomic promoted the interaction degree of the real estate and stock markets. This paper analyzed the interaction between China's real estate and stock market through Co-integration test, Granger causality test, VAR model and impulse response functions. According to the empirical results, there was a long-term co-integration relationship between the China's real estate and stock markets.

Copyright
© 2014, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

Volume Title
Proceedings of the 2014 International Conference on Global Economy, Finance and Humanities Research
Series
Advances in Intelligent Systems Research
Publication Date
March 2014
ISBN
978-94-6252-006-6
ISSN
1951-6851
DOI
10.2991/gefhr-14.2014.71How to use a DOI?
Copyright
© 2014, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Huawei Liu
PY  - 2014/03
DA  - 2014/03
TI  - Analysis of the Interaction between China's Real Estate and Stock Market through Co-integration Test
BT  - Proceedings of the 2014 International Conference on Global Economy, Finance and Humanities Research
PB  - Atlantis Press
SP  - 255
EP  - 257
SN  - 1951-6851
UR  - https://doi.org/10.2991/gefhr-14.2014.71
DO  - 10.2991/gefhr-14.2014.71
ID  - Liu2014/03
ER  -