Tsai, I-Chun; Lee, Cheng-Feng; Chiang, Ming-Chu - In: The Journal of Real Estate Finance and Economics 45 (2012) 4, pp. 1005-1020
Previous studies commonly use a linear framework to investigate the long-run equilibrium relationship between the housing and stock markets. The linear approaches may not be appropriate if adjustments from disequilibrium are asymmetric in both markets. Nonlinear adjustments are likely to be...
