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Modeling the Relationship between Stock Market and Real Estate Market in Vietnam: A Time Series Analysis |
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| รหัสดีโอไอ | |
| Creator | Thu-Trang Thi Doan, Toan Ngoc Bui |
| Title | Modeling the Relationship between Stock Market and Real Estate Market in Vietnam: A Time Series Analysis |
| Contributor | - |
| Publisher | TuEngr Group |
| Publication Year | 2564 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 12 |
| Journal No. | 11 |
| Page no. | 12A11O: 1-10 |
| Keyword | Stock market depth, Stock market access, Stock market efficiency, Real estate market, Emerging economy, Net trading value of foreign investors (TFI), Stock market concentration. |
| URL Website | http://TuEngr.com/Vol12-11.html |
| Website title | ITJEMAST V12(11) 2021 @ TuEngr.com |
| ISSN | 2228-9860 |
| Abstract | This paper focuses on the relationship between the stock market (SM) and the real estate market (REM) in Vietnam. This paper utilized the quarterly data of the SM and the REM over a period of more than 14 years. The Autoregressive Distributed Lag (ARDL) method is used to analyse the relationship between the SM and REM in Vietnam. This study concludes that the SM access and the SM efficiency play an important role in promoting the development of the REM in the short and long term. However, the trading value of foreign investors in Vietnam's SM is limited and unstable. This has created a negative impact on the REM in the short term. Nevertheless, this study has not found the impact of the REM on the SM in Vietnam in both short term and long term. This is, perhaps, the first paper to look into the relationship between the SM and the REM in Vietnam. In particular, this study measured the SM through the three criteria including SM depth, SM access, and SM efficiency. Compared to previous studies, the measurement used in this study is more interesting because it reflects the multi-dimensional nature of the SM. |
