Liow, Kim Hiang; Huang, Yuting; Heng, Kai Li - In: International Journal of Financial Studies : open … 7 (2019) 4/60, pp. 1-28
The aim of this paper was to examine the relationship between changes in the US and China macroeconomic conditions and … conditions in the US and China and the real estate markets´ excess returns. Additionally, whilst the US macroeconomic factors … show stronger causal relationships with the real estate markets in the long run, China´s macroeconomic variables have …