House price and the stock market prices dynamics: evidence from China using a wavelet approach

被引：9

作者：

Hong, Yun ^{[1
]}

Li, Yi ^{[1
]}

机构：

[1] Hunan Univ, Business Sch, Dept Accounting, Changsha, Hunan, Peoples R China

来源：

APPLIED ECONOMICS LETTERS | 2020年 / 27卷 / 12期

基金：

中国国家自然科学基金;

关键词：

House price; stock price; wavelet method; cross correlation; SHORT-RUN; WEALTH;

D O I：

10.1080/13504851.2019.1649359

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article utilizes the wavelet method to investigate the multiscale relationship between house price and stock price. We document short-term wealth effect, medium-term credit-price effect, and medium-/long-term spiral or 'interdependence' relationship between the house price and the stock price by using China's data.

引用

页码：971 / 976

页数：6

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