EXAMINING THE RELATIONSHIP BETWEEN REAL ESTATE AND STOCK MARKETS IN HONG KONG AND THE UNITED KINGDOM THROUGH DATAMINING

被引：16

作者：

Hui, Eddie C. M. ^{[1
]}

Zuo, Wenjuan ^{[1
]}

Hu, Lun ^{[2
]}

机构：

[1] Hong Kong Polytech Univ, Dept Bldg & Real Estate, Hong Kong, Hong Kong, Peoples R China

[2] Infinite Financial Solut Ltd, Hong Kong, Hong Kong, Peoples R China

来源：

INTERNATIONAL JOURNAL OF STRATEGIC PROPERTY MANAGEMENT | 2011年 / 15卷 / 01期

关键词：

Real estate market; Stock market; Frequent pattern; Datamining; Hong Kong; the United Kingdom; RETURNS; COINTEGRATION; INVESTMENT; PRICES;

D O I：

10.3846/1648715X.2011.565867

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

This paper aims to examine the relationship between real estate market and stock market in the United Kingdom and in Hong Kong, from 1993 to 2007, using the method of datamining. The results provide evidence for the existence of not only a positive correlation, but also a co-movement, between the two markets. Such interactions reflect the similarities among these two regions, which can be explained by two transmission mechanisms: wealth effect and credit-price effect. However, the two real estate markets respond differently upon similar adjustments of the respective stock markets. Such dissimilarity is attributed to their respective local factors. It is shown in the paper that datamining could be an appropriate option for studying this kind of relationships.

引用

页码：26 / 34

页数：9

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