Su, Chi Wei; Chang, Hsu Ling; Zhu, Meng Nan - In: Journal for Economic Forecasting (2011) 1, pp. 41-53
Using the threshold auto-regressive (TAR) model, we set out in this study to determine whether any long-run equilibrium relationship exists between the stock and real estate markets of the European countries, with our empirical results revealing that such a long-term relationship does indeed...