Purpose: This paper aims to investigate how different uncertainty shocks affect international housing prices. Design/methodology/approach: The authors set up a model of housing price instability with four uncertainty variables and apply the panel generalized method of moments method and...

Purpose: This paper aims to examine the linkage of regional housing markets between Taiwan and China as increasing economic integration. Design/methodology/approach: Two time-varying estimations of cointegration tests, Gregory and Hansen (1996) cointegration test with structural break and the...

This paper investigates the stationarity properties and long-run relationship of Taiwan's regional house prices from 1993Q1 to 2009Q2. It applies the recent unit-root test of the panel seemingly unrelated regressions augmented Dickey-Fuller (SURADF) test developed by Breuer et al. The empirical...

This paper applies an aggregate production function to examine the dynamic linkages among energy consumption, capital stock, and real income (real GDP per capita) in G-7 counties. We employ the Toda and Yamamoto (1995) Granger causality test, the generalized impulse response approach, and...

Taiwan launched the first case of real estate securitization in 2005. The interrelationship between Taiwan Real Estate Investment Trusts (T-REITs) and the aggregate equity markets and segmented industries has drawn the interests of both investors and academia. This paper employs Toda and...